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THE RISE OF
REGIONAL PAYMENT SYSTEMS

Not currently scheduled.

Introduction
The promise of a global payment system with modern clearing and settlement is on the horizon. What does that mean for the consumers, businesses and the payments industry at large? The combination of Fast (or Instant) Payment Systems and a global focus by central banks to improve cross-border payments is giving rise to new regional payment systems. This workshop reviews the fundamentals of cross-border payments and correspondent banking and the current state of domestic fast payment systems. We then review initiatives to link these domestic systems together to create new regional cross-border networks.

  • 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

Day 1 – Global Payments Essentials

Key Concepts in Global Payments

  • What is a domestic payment system?
  • The Systemically Important Payment Systems
  • Digital Payment Categories

Correspondent Banking

  • How sending money from one country to another works
  • International wires, correspondent banking, and SWIFT
  • Economics of an international wire payment

Cross-Border Card Processing

  • Cross-border card payments – Flows, economics, and implications
  • Dynamic currency conversion – Flows, economics, and relevant rules
  • Multi-currency pricing – How it differs, where it fits
  • Going local – Cross-border domestic processing

Fast Payment Essentials

  • Key Concepts & Building Blocks
  • Select Fast Payment Systems: US, Australia
  • Faster Payments fit in the Domains of Payments

Day 2 – The Forces Reshaping Global Payments

Central Banks & Global Providers

  • Cooperation across rails, competition above rails
  • Keys to the Future: APIs, Open Banking, Digital Identity
  • Global Providers – models and value proposition
  • Approaching the Global Market: Adyen, Stripe, GoCardless

End User Expectations

  • Global Digital Wallets: AliPay, PIX
  • Redefining Credit: Buy Now, Pay Later, Curve
  • Redefining FX: Wise, Digital Currencies in Wallets

Regional Systems Take Shape

  • Domestic modernization gives rise to regional systems
  • Singapore, Thailand and India: PayNow, PromptPay & UPI
  • US – EU: International Cross-border Project (IXB)
  • Saudi Arabia: Aber
  • EU: P27, Digital Euro
  • Africa: PAPSS

A Global Payment System on the Horizon?

  • BIS Nexus Project

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 add the Insight Workshop as a bundle option to a Payments Boot Camp.

Fees include:

  • instruction
  • instruction materials (including hard and soft copy of presentation slides)
  • Glenbrook’s book “Global Payments”

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 1+ 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

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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