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FASTER
PAYMENTS

Not currently scheduled.

Introduction
Faster payments are happening all around the world – and even (to some extent!) in the United States. What are we talking about? The ability of a person or a business to send money immediately – in real time – to another person or business, using either a bank account or, in some cases, a non-bank payment account. It sounds simple, but there is a lot behind it. We’ll look at the mechanics of different models and examine how it would impact banks, non-bank payments services providers, and their customers.

  • Who Attends

    Glenbrook's Payments Education Program is useful for both experienced managers, who often want to be updated on what's happening in areas outside of their immediate domain, and for newcomers, who need a broad overview of the U.S. payments systems to create a context for their work.

    Over 23,000 payments professionals have attended Glenbrook workshops. Attendees have included product, strategy and sales managers, technology operations and risk managers, investors, inventors and analysts, management teams from payments startups.

Agenda

1. Key Concepts

  • What we mean by “Faster Payments”
  • Pull models and their risk implications
  • Push models and their risk implications
  • Rails vs. Rules

2. Faster Payments Building Blocks

  • How Faster Payments work
  • Common features across systems
  • Introduction to ISO 20022
  • Design questions in Faster Payments
  • Faster Payments fit against payments use cases

3. Faster Payments and Bank Rails

  • Faster Payments (U.K.) Case Study – Motivation, overlay model, impact on BACS and CHAPS
  • Vocalink as Faster Payments operator
  • New Payments Platform (Australia)
  • Real-Time Rail (Canada)

4. Faster Payments and Mobile Wallet Rails

  • Mobile Wallets and Mobile Money
  • M-Pesa case study
  • Modelo Peru

5. Faster Payments and Digital Wallet Rails

  • PayPal and Venmo
  • Google Pay Send Money, Cash App, and Facebook Messenger
  • Apple Pay Cash – How it works, economic implications
  • Paytm (India)

6. Faster Payments and Card Rails

  • Card push use cases and value chain
  • Card push authorization message and posting requirements
  • Product vs. services
  • Visa OCT and Visa Direct
  • Mastercard MoneySend and Mastercard Send

7. U.S. Faster Payments Landscape

  • History of Faster Payments in U.S.
  • Federal Reserve – Faster Payments Council
  • Real-Time Payments – Key features, use cases, message types, business principals,
    interbank fee structure
  • Zelle – Key features, in-network processing model, out-of-network processing model,
    fraud, new use cases
  • NACHA Same Day ACH – Positioning, planned expansion

8. Cross-Border Faster Payments

  • SCT Inst – Faster Payments in the EU
  • Rise of Ripple – How it works, settlement implications
  • SWIFT gpi – Key features, current adoption metrics
  • IBM Blockchain

Fees, billing, discounts, refunds

Fees

The standard registration fee is $995 per person.

Bundle and save $200! The one-day Insight Workshop fee is reduced to $795 per person when you register for the Insight Workshop PLUS the corresponding two-day Payments Boot Camp.

Fees include:

  • instruction
  • instruction materials (including hard and soft copy of presentation slides)
  • breakfast and lunch on instruction days

Fees do not include:

  • hotel accommodations

Payments / Billing

Glenbrook accepts American Express, Discover, Mastercard, PayPal and Visa for payment upon registration. If required, payment may be made by an invoice sent to your company – with our prior approval. Please contact us to obtain approval for invoice billing.

Discounts*

Individual discounts:

  • Save 10% – Early Bird discount. Register 2+ months in advance of a workshop and receive 10% off. Use discount code GH52R3 when registering.
  • Save 10% – Alumni discount. Glenbrook Payments Education alumni wanting to attend another payments education event. Contact us to request your alumni discount code.

Group discounts:

  • Save 10% – Register 2 people for an Insight Workshop
  • Save 15% – Register 3-6 people for an Insight Workshop
  • Save 20% – Register 7-9 people for an Insight Workshop
  • Save 30% – Register 10+ people for an Insight Workshop
  • Group discount rates apply to registrations within a 6-month timeframe.
  • Contact us to request your group discount code.

Glenbrook client discounts:

  • Discounts are also available for select Glenbrook clients. Contact us to inquire about a discount code.

* Only one discount code may be used per person. Discounts may not be combined with any other sale, promotion, discount, code, coupon, and/or offer.

Refunds

Payments Boot Camp and workshop registrants may cancel their registration for a full refund if cancelled one month prior to the event. Refunds for cancellations within a month of the event will be considered on a case by case basis. In some cases, it may be possible to switch registrations to an event at a later date.

Daily schedule

  • 8:30am – 9:00am breakfast available
  • 9:00am instruction begins
  • 12:00 – 1:00pm lunch is provided
  • 5:00pm workshop ends
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