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FASTER
PAYMENTS

Not currently scheduled.

Introduction

Faster Payments has been used to describe many payments systems over the years. Today the industry is looking at the notion of real time retail payment systems that allow consumers and businesses to pay each other 24/7/365 by moving money from one bank account to another as the definition of a “faster payment”. In this workshop, we begin with an overview of the key concepts and building blocks for these systems. We then look at some of the recent developments in domestic systems around the globe. We conclude by examining how these systems are being used across all payment domains and the overlay technologies supporting this expansion.

  • 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”
  • Why are Faster Payments Gaining Traction
  • Pull models and their risk implications
  • Push models and their risk implications
  • Differences between “rails” and “rules”
  1. Faster Payments Building Blocks
  • How Faster Payments work
  • Common features across systems
  • ISO 20022 Messaging Format
  • Request to Pay (RtP)
  • Design questions in Faster Payments
  • Spotlight: Vocalink as Faster Payments operator
  1. U.S. Faster Payments Landscape
  • History of Faster Payments in U.S.
  • Federal Reserve – Faster Payments Council and FedNow
  • The Clearing House – Real-Time Payments (RTP)
  • Early Warning – Zelle
  1. Faster Payments Initiatives Around the World
  • UK Faster Payments (UK)
  • SEPA Instant Credits and TIPS (EU)
  • New Payments Platform (Australia)
  • Real-Time Rail (Canada)
  • PIX (Brazil)
  1. Faster Payments and Overlay Services
  • Overlay service fundamentals
  • Use of overlays in key domains – P2P, POS, B2B, etc.
  • Profiles of overlay services
  1. Cross-border Faster Payments
  • Global Banks
    • Citi – Interconnection of networks
  • Push to Card
  • SWIFT gpi
    • Singapore, Australia, and Thailand Proof of Concept

Fees, billing, discounts, refunds

Fees

The standard registration fee is $995 per person.

Bundle and save $300! The one-day Insight Workshop fee is reduced to $695 per person when you register for the Insight Workshop PLUS a corresponding Payments Boot Camp®.

Fees include:

  • instruction
  • instruction materials (including hard and soft copy of presentation slides)

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 week prior to the event. Cancellations within a week 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

Day 1

  • 11:00am-12:30pm ET: instruction (1.5 hours)
  • 12:30pm-1:00pm ET: break (30 mins)
  • 1:00pm-2:30pm ET: instruction (1.5 hours)
  • 2:30pm-3:00pm ET: optional Q&A (30 mins)

Day 2

  • 11:00am-12:30pm ET: instruction (1.5 hours)
  • 12:30pm-1:00pm ET: break (30 mins)
  • 1:00pm-2:30pm ET: instruction (1.5 hours)
  • 2:30pm-3:00pm ET: optional Q&A (30 mins)
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