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Payment Cards Center Events

An integral function of the Payment Cards Center is to provide a forum for discussing critical issues facing industry and public policy practitioners. The center does this in two ways. The first is by hosting conferences that incorporate the unique perspectives of academia, industry, consumers, and the public sector. The second is by sponsoring in-house workshops at which invited guests lead discussions on a variety of subjects related to the payment cards industry.

For more information about Payment Cards Center events, please contact us.

2010 Conferences

Achieving Sustainable Improvements in the Security of Retail Payments: Technologies, Standard-Setting, and Coordination

On February 16-17, 2010 the Payment Cards Center hosted a conference on Achieving Sustainable Improvements in the Security of Retail Payments: Technologies, Standard-Setting, and Coordination. This conference brought together technologists, banking and payment industry representatives, merchants, and policymakers to discuss the complex economic and technological issues that are presented when considering a robust data security standard. The conference also discussed what these technologies can and cannot do when it comes to protecting consumers' payment information and offered suggestions on how the invited groups might collaborate on data security issues.

A conference summary is forthcoming.

2009 Conferences

Recent Developments in Consumer Credit and Payments

On September 24-25, 2009, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia co-sponsored the fifth in a series of joint research conferences focusing on important issues in consumer credit and payments. The discussion brought together academic scholars and industry experts to present and discuss the latest research on these topics. The conference included both theoretical and empirical papers.

A conference summary is forthcoming.

The Future of Consumer Credit Counseling

On July 30 and 31, 2009, the Payment Cards Center hosted a conference, The Future of Consumer Credit Counseling. The conference brought together a variety of stakeholders to discuss the evolution of the credit counseling industry, its role in the U.S. consumer credit market, and the opportunities and impediments to offering consumers more effective counseling, financial education, and workout products as viable alternatives to bankruptcy.

A conference summary is forthcoming.

Understanding the Housing and Mortgage Markets: What Data Do We Have? What Data Do We Need?

On June 25, 2009, the Payment Cards Center and the Community Affairs Department of the Federal Reserve Bank of Philadelphia co-sponsored a conference. This conference brought together attendees from the academic, government, nonprofit, and for-profit sectors to discuss topics around state and local data needs as well as federal data efforts related to the housing and mortgage markets.

A conference summary is forthcoming.

2008 Conferences

Maintaining a Safe Environment for Payment Cards: Examining Evolving Threats Posed by Fraud

On April 23-24, 2008, the Payment Cards Center and the Electronic Funds Transfer Association (EFTA) co-hosted a conference, "Maintaining a Safe Environment for Payment Cards: Examining Evolving Threats Posed by Fraud." The conference was designed to extend the dialogue that began at the September 2006 conference "Information Security, Data Breaches, and Protecting Cardholder Information: Facing Up to the Challenges." One insight from the September conference was that meeting the challenges presented in making card data secure requires improved collaboration and communication among all parties in the card payments system: cardholders, issuers, acquirers, merchants, and the payment networks. The goal of the April 2008 conference was to build on that discussion and develop new insights into how technologies, common standards, balanced incentives, and other factors can be developed to better manage fraud risks and limit damages across the payment system.

2007 Conferences

Recent Developments in Consumer Credit and Payments

On September 20-21, 2007, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia co-sponsored the fourth in a series of joint research conferences focusing on important issues in consumer credit and payments. The discussion brought together academic scholars and industry experts to present and discuss the latest research on these topics. The conference included both theoretical and empirical papers.

Payments, Credit, and Savings: The Experience for LMI Households

On May 21-22, 2007, the Payment Cards Center and the Community Affairs Department hosted a conference, titled "Payments, Credit, and Savings: The Experience for LMI Households," motivated by research from the 2005-2006 Detroit Area Study (DAS) and shared by lead investigator Michael Barr of the University of Michigan Law School. The event brought together individuals from the financial services industry, the academic community, consumer and community development organizations, and federal and state policy-making agencies to consider how changes in the financial services market or in banking policy may better serve LMI households' financial needs when making payments, accessing credit, and setting aside savings.

2006 Conferences

Information Security, Data Breaches, and Protecting Cardholder Information: Facing Up to the Challenges

On September 13-14, 2006, the Payment Cards Center and the Electronic Funds Transfer Association (EFTA) co-hosted a conference designed to generate a discussion among industry and policy leaders on data breaches and how to deal with any resulting compromised consumer information. The conference addressed two specific questions. First, what can be done to more effectively ensure data security throughout the entire payments chain? Second, what are the appropriate actions that should be taken to protect consumers and mitigate risks associated with any compromised data? Finally, the conference attempted to place the various elements identified in these discussions into the emerging legal and regulatory framework. The goal of the conference was to incorporate the insights and individual perspectives of conference participants into a framework that can help inform industry practices and public policy.

The Role of Electronic Payments in Disaster Recovery: Providing More Than Convenience

On May 3-4, 2006, the Payment Cards Center hosted a two-day conference titled "The Role of Electronic Payments in Disaster Recovery: Providing More Than Convenience." The event brought together participants from a range of groups, including financial institutions and other financial service providers; federal and state government and national relief agencies; and the bank regulatory community. Participants examined the lessons learned from Hurricane Katrina and considered how these experiences may be useful in identifying opportunities to further strengthen the financial system's response to future catastrophic events.

2005 Conferences

Recent Developments in Consumer Credit and Payments

On September 29-30, 2005, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia co-sponsored a conference entitled "Recent Developments in Consumer Credit and Payments." This conference brought together industry experts and academic researchers to discuss relevant work on the important and timely subject of consumer credit and payments. Seven papers were selected for presentation. These papers examine various aspects of this topic, including consumer bankruptcies, consumers and future borrowing, loan repayment, and predatory lending.

Payment Cards and the Unbanked: Prospects and Challenges

On July 13-14, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a conference to better understand the ways in which electronic payment tools are being adapted to meet the financial needs of underserved consumers. This event, "Payment Cards and the Unbanked: Prospects and Challenges," brought together a range of perspectives from the banking industry, community development arena, academic community, and regulatory groups, as well as providers of new and emerging payment technologies. These participants examined the opportunities and challenges in providing financial tools that are less costly than those offered in the alternative financial sector — check cashers, money transmitters, payday lenders, and the like — but that, at the same time, meet the financial needs of underserved consumers and are economically viable for traditional and emerging providers.

Risky Business: Managing Electronic Payments in the 21st Century

On June 20-21, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association (EFTA) hosted a senior-level conference focusing on risk management in electronic payment systems. The conference, "Risky Business: Managing Electronic Payments in the 21st Century," examined important issues related to risk management and fraud prevention in electronic payments. Over the course of two days, 30 speakers provided critical analysis on a number of headline issues, including identity theft, data security, terrorist financing, money laundering, Internet fraud, and information security regulation.

Federal Consumer Protection Regulation: Disclosures and Beyond

On Friday, June 10, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a one-day symposium on consumer protection entitled "Federal Consumer Protection Regulation: Disclosures and Beyond." The event brought together legal scholars, federal banking regulators, and industry experts from the largest credit card issuers in the U.S. to discuss standardized credit card disclosures and other means of protecting credit card consumers.

2004 Conferences

Forum on Validation of Consumer Credit Risk Models

On November 19, 2004, the Payment Cards Center and Wharton's Financial Institutions Center co-sponsored a conference, "Forum on Validation of Consumer Credit Risk Models." The conference brought together leading academics, policymakers, and industry experts to discuss the general principles management can use as keys for effective model validation and risk assessment in a dynamic environment. The conference agenda links to presentations where available.

Assessing the Impact of Electronic Benefits Transfer on America's Communities and the U.S. Payment System

The Center co-sponsored this conference with the Community Affairs Department and the Electronic Funds Transfer Association's EBT Industry Council. The purpose of the conference was to provide a forum for community, banking, and payment industry leaders on the future of EBT. The sessions provided an understanding of what EBT is, an assessment of its impact on communities, an examination of its legacy as a payment system, and a look ahead to its continuing role in American communities. (December 4, 2004)

Prepaid Cards: How Do They Function? How Are They Regulated?

This conference, sponsored by the Payment Cards Center, brought together prepaid card industry leaders and regulators to discuss how various prepaid-card systems work and the ways in which different state and federal laws can affect them. The conference featured sessions on bank- and merchant-issued gift cards, payroll cards, and flexible spending account cards. It also featured presentations by experts on Regulation E, the Federal Deposit Insurance Act, state money transmitter laws, and state abandoned property laws. (June 3, 2004)

Identity Theft: Where Do We Go From Here?

The identity theft forum sponsored by the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Gartner Fellows Program brought together a broad range of stakeholders to discuss the important issue of identity theft. Participants from the financial services and merchant industries, Internet service and technology providers, and regulatory and law enforcement agencies examined issues faced by consumers, merchants, and banks in fighting this financial crime. Discussants shared methodologies used to combat this crime and explored opportunities for coordination in searching for solutions. (February 10, 2004)

2003 Conferences

Asset-Backed Securities and Credit Cards

The Payment Cards Center sponsored a conference examining developments in credit card securitization and its role in the broader ABS market. The event brought together participants representing securitization specialists from the payments cards industry, federal banking regulators, and institutional investors for an interactive dialogue about current challenges faced by this sector. (December 3, 2003)

Electronic Funds Transfer Association

The Payment Cards Center co-hosted a one-day forum with the Electronic Funds Transfer Association's (EFTA) eCommerce Payments Council on June 18, 2003, at the Federal Reserve Bank of Philadelphia. The meeting provided an opportunity for guests to explore e-commerce payments products and issues in an inter-industry environment. The event combined Federal Reserve and industry perspectives on the growing use of electronic payments and developments in the e-commerce arena.

Financial Privacy: Perspectives from the Payment Cards Industry

On Friday, March 21, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a one-day symposium on financial privacy entitled "Financial Privacy: Perspectives from the Payment Cards Industry." The Center invited legal scholars, federal banking regulators, and privacy officers from the largest credit card issuers and information providers in the U.S. to discuss the key privacy issues facing the industry.

Innovation at the Point-of-Sale

The Payment Cards Center sponsored this one day conference to examine emerging developments in consumer payments from the perspective of merchants and related processing organizations. The event brought together participants from the payments industry, retailers and interested policy professionals for an interactive discussion of current issues and challenges. (February 27, 2003)

Conference on Retail Credit Risk Management and Measurement

April 24-25, 2003

2002 Conferences

Electronic Funds Transfer Association

The Electronic Funds Transfer Association External Link (EFTA) held a meeting on June 19, 2002, at the Federal Reserve Bank of Philadelphia, hosted by the Payment Cards Center. The eCommerce Payments Council (eCPC) of the EFTA discussed various consumer and retailer issues related to e-commerce payments. In addition, the Payment Cards Center scheduled several senior staff of the Federal Reserve System to discuss the recently released check study and electronic forms of payment.

Credit Risk Modeling & Decisioning

The Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Financial Institutions Center at the University of Pennsylvania's Wharton School co-sponsored a conference on "Credit Risk Modeling and Decisioning" at the Inn at Penn on May 29-30, 2002.

Innovation in Financial Services & Payments

The Research Department and the Payment Cards Center of the Federal Reserve Bank of Philadelphia co-sponsored a conference on "Innovation in Financial Services and Payments" at the Federal Reserve Bank of Philadelphia on May 16-17, 2002.

2001 Conferences

Consumer Transactions & Credit

March 22-23, 2001

Conferences (complete list)

Achieving Sustainable Improvements in the Security of Retail Payments: Technologies, Standard-Setting, and Coordination

On February 16-17, 2010 the Payment Cards Center hosted a conference on Achieving Sustainable Improvements in the Security of Retail Payments: Technologies, Standard-Setting, and Coordination. This conference brought together technologists, banking and payment industry representatives, merchants, and policymakers to discuss the complex economic and technological issues that are presented when considering a robust data security standard. The conference also discussed what these technologies can and cannot do when it comes to protecting consumers' payment information and offered suggestions on how the invited groups might collaborate on data security issues.

A conference summary is forthcoming.

Recent Developments in Consumer Credit and Payments

On September 24-25, 2009, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia co-sponsored the fifth in a series of joint research conferences focusing on important issues in consumer credit and payments. The discussion brought together academic scholars and industry experts to present and discuss the latest research on these topics. The conference included both theoretical and empirical papers.

A conference summary is forthcoming.

The Future of Consumer Credit Counseling

On July 30 and 31, 2009, the Payment Cards Center hosted a conference, The Future of Consumer Credit Counseling. The conference brought together a variety of stakeholders to discuss the evolution of the credit counseling industry, its role in the U.S. consumer credit market, and the opportunities and impediments to offering consumers more effective counseling, financial education, and workout products as viable alternatives to bankruptcy.

A conference summary is forthcoming.

Understanding the Housing and Mortgage Markets: What Data Do We Have? What Data Do We Need?

On June 25, 2009, the Payment Cards Center and the Community Affairs Department of the Federal Reserve Bank of Philadelphia co-sponsored a conference. This conference brought together attendees from the academic, government, nonprofit, and for-profit sectors to discuss topics around state and local data needs as well as federal data efforts related to the housing and mortgage markets.

A conference summary is forthcoming.

Maintaining a Safe Environment for Payment Cards: Examining Evolving Threats Posed by Fraud

On April 23-24, 2008, the Payment Cards Center and the Electronic Funds Transfer Association (EFTA) co-hosted a conference, "Maintaining a Safe Environment for Payment Cards: Examining Evolving Threats Posed by Fraud." The conference was designed to extend the dialogue that began at the September 2006 conference "Information Security, Data Breaches, and Protecting Cardholder Information: Facing Up to the Challenges." One insight from the September conference was that meeting the challenges presented in making card data secure requires improved collaboration and communication among all parties in the card payments system: cardholders, issuers, acquirers, merchants, and the payment networks. The goal of the April 2008 conference was to build on that discussion and develop new insights into how technologies, common standards, balanced incentives, and other factors can be developed to better manage fraud risks and limit damages across the payment system.

Recent Developments in Consumer Credit and Payments

On September 20-21, 2007, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia co-sponsored the fourth in a series of joint research conferences focusing on important issues in consumer credit and payments. The discussion brought together academic scholars and industry experts to present and discuss the latest research on these topics. The conference included both theoretical and empirical papers.

Payments, Credit, and Savings: The Experience for LMI Households

On May 21-22, 2007, the Payment Cards Center and the Community Affairs Department hosted a conference, titled "Payments, Credit, and Savings: The Experience for LMI Households," motivated by research from the 2005-2006 Detroit Area Study (DAS) and shared by lead investigator Michael Barr of the University of Michigan Law School. The event brought together individuals from the financial services industry, the academic community, consumer and community development organizations, and federal and state policy-making agencies to consider how changes in the financial services market or in banking policy may better serve LMI households' financial needs when making payments, accessing credit, and setting aside savings.

Information Security, Data Breaches, and Protecting Cardholder Information: Facing Up to the Challenges

On September 13-14, 2006, the Payment Cards Center and the Electronic Funds Transfer Association (EFTA) co-hosted a conference designed to generate a discussion among industry and policy leaders on data breaches and how to deal with any resulting compromised consumer information. The conference addressed two specific questions. First, what can be done to more effectively ensure data security throughout the entire payments chain? Second, what are the appropriate actions that should be taken to protect consumers and mitigate risks associated with any compromised data? Finally, the conference attempted to place the various elements identified in these discussions into the emerging legal and regulatory framework. The goal of the conference was to incorporate the insights and individual perspectives of conference participants into a framework that can help inform industry practices and public policy.

The Role of Electronic Payments in Disaster Recovery: Providing More Than Convenience

On May 3-4, 2006, the Payment Cards Center hosted a two-day conference titled "The Role of Electronic Payments in Disaster Recovery: Providing More Than Convenience." The event brought together participants from a range of groups, including financial institutions and other financial service providers; federal and state government and national relief agencies; and the bank regulatory community. Participants examined the lessons learned from Hurricane Katrina and considered how these experiences may be useful in identifying opportunities to further strengthen the financial system's response to future catastrophic events.

Recent Developments in Consumer Credit and Payments

On September 29-30, 2005, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia co-sponsored a conference entitled "Recent Developments in Consumer Credit and Payments." This conference brought together industry experts and academic researchers to discuss relevant work on the important and timely subject of consumer credit and payments. Seven papers were selected for presentation. These papers examine various aspects of this topic, including consumer bankruptcies, consumers and future borrowing, loan repayment, and predatory lending.

Payment Cards and the Unbanked: Prospects and Challenges

On July 13-14, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a conference to better understand the ways in which electronic payment tools are being adapted to meet the financial needs of underserved consumers. This event, "Payment Cards and the Unbanked: Prospects and Challenges," brought together a range of perspectives from the banking industry, community development arena, academic community, and regulatory groups, as well as providers of new and emerging payment technologies. These participants examined the opportunities and challenges in providing financial tools that are less costly than those offered in the alternative financial sector — check cashers, money transmitters, payday lenders, and the like — but that, at the same time, meet the financial needs of underserved consumers and are economically viable for traditional and emerging providers.

Risky Business: Managing Electronic Payments in the 21st Century

On June 20-21, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association (EFTA) hosted a senior-level conference focusing on risk management in electronic payment systems. The conference, "Risky Business: Managing Electronic Payments in the 21st Century," examined important issues related to risk management and fraud prevention in electronic payments. Over the course of two days, 30 speakers provided critical analysis on a number of headline issues, including identity theft, data security, terrorist financing, money laundering, Internet fraud, and information security regulation.

Federal Consumer Protection Regulation: Disclosures and Beyond

On Friday, June 10, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a one-day symposium on consumer protection entitled "Federal Consumer Protection Regulation: Disclosures and Beyond." The event brought together legal scholars, federal banking regulators, and industry experts from the largest credit card issuers in the U.S. to discuss standardized credit card disclosures and other means of protecting credit card consumers.

Forum on Validation of Consumer Credit Risk Models

On November 19, 2004, the Payment Cards Center and Wharton's Financial Institutions Center co-sponsored a conference, "Forum on Validation of Consumer Credit Risk Models." The conference brought together leading academics, policymakers, and industry experts to discuss the general principles management can use as keys for effective model validation and risk assessment in a dynamic environment. The conference agenda links to presentations where available.

Assessing the Impact of Electronic Benefits Transfer on America's Communities and the U.S. Payment System

The Center co-sponsored this conference with the Community Affairs Department and the Electronic Funds Transfer Association's EBT Industry Council. The purpose of the conference was to provide a forum for community, banking, and payment industry leaders on the future of EBT. The sessions provided an understanding of what EBT is, an assessment of its impact on communities, an examination of its legacy as a payment system, and a look ahead to its continuing role in American communities. (December 4, 2004)

Prepaid Cards: How Do They Function? How Are They Regulated?

This conference, sponsored by the Payment Cards Center, brought together prepaid card industry leaders and regulators to discuss how various prepaid-card systems work and the ways in which different state and federal laws can affect them. The conference featured sessions on bank- and merchant-issued gift cards, payroll cards, and flexible spending account cards. It also featured presentations by experts on Regulation E, the Federal Deposit Insurance Act, state money transmitter laws, and state abandoned property laws. (June 3, 2004)

Identity Theft: Where Do We Go From Here?

The identity theft forum sponsored by the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Gartner Fellows Program brought together a broad range of stakeholders to discuss the important issue of identity theft. Participants from the financial services and merchant industries, Internet service and technology providers, and regulatory and law enforcement agencies examined issues faced by consumers, merchants, and banks in fighting this financial crime. Discussants shared methodologies used to combat this crime and explored opportunities for coordination in searching for solutions. (February 10, 2004)

Asset-Backed Securities and Credit Cards

The Payment Cards Center sponsored a conference examining developments in credit card securitization and its role in the broader ABS market. The event brought together participants representing securitization specialists from the payments cards industry, federal banking regulators, and institutional investors for an interactive dialogue about current challenges faced by this sector. (December 3, 2003)

Electronic Funds Transfer Association

The Payment Cards Center co-hosted a one-day forum with the Electronic Funds Transfer Association's (EFTA) eCommerce Payments Council on June 18, 2003, at the Federal Reserve Bank of Philadelphia. The meeting provided an opportunity for guests to explore e-commerce payments products and issues in an inter-industry environment. The event combined Federal Reserve and industry perspectives on the growing use of electronic payments and developments in the e-commerce arena.

Financial Privacy: Perspectives from the Payment Cards Industry

On Friday, March 21, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a one-day symposium on financial privacy entitled "Financial Privacy: Perspectives from the Payment Cards Industry." The Center invited legal scholars, federal banking regulators, and privacy officers from the largest credit card issuers and information providers in the U.S. to discuss the key privacy issues facing the industry.

Innovation at the Point-of-Sale

The Payment Cards Center sponsored this one day conference to examine emerging developments in consumer payments from the perspective of merchants and related processing organizations. The event brought together participants from the payments industry, retailers and interested policy professionals for an interactive discussion of current issues and challenges. (February 27, 2003)

Conference on Retail Credit Risk Management and Measurement

April 24-25, 2003

Electronic Funds Transfer Association

The Electronic Funds Transfer Association External Link (EFTA) held a meeting on June 19, 2002, at the Federal Reserve Bank of Philadelphia, hosted by the Payment Cards Center. The eCommerce Payments Council (eCPC) of the EFTA discussed various consumer and retailer issues related to e-commerce payments. In addition, the Payment Cards Center scheduled several senior staff of the Federal Reserve System to discuss the recently released check study and electronic forms of payment.

Credit Risk Modeling & Decisioning

The Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Financial Institutions Center at the University of Pennsylvania's Wharton School co-sponsored a conference on "Credit Risk Modeling and Decisioning" at the Inn at Penn on May 29-30, 2002.

Innovation in Financial Services & Payments

The Research Department and the Payment Cards Center of the Federal Reserve Bank of Philadelphia co-sponsored a conference on "Innovation in Financial Services and Payments" at the Federal Reserve Bank of Philadelphia on May 16-17, 2002.

Consumer Transactions & Credit

March 22-23, 2001

2009 Workshops

The Future of the Merchant Acquiring Value Chain
November 2009

  • Harold Montgomery, Chief Executive Officer
    Calpian, Inc.

Anatomy of a Data Breach and Heartland's Response
August 2009

Discussion Paper PDF (439 KB, 20 pages)

  • Robert Carr, Chairman and CEO
    Heartland Payment Systems

Findings from the Visa Payment System Panel Study
July 2009

  • Michael Marx, Senior Business Leader
    Visa Research Services

Limited and Varying Attention in Household Finance: Evidence from Shocks to the Salience of Penalty Fees
June 2009

  • Jonathan Zinman, Professor of Economics
    Dartmouth College

Moving from Rankings to Rating
May 2009

  • Dr. Joseph Breeden, President and Chief Operating Officer
    Strategic Analytics Inc.

The Electronification of Transit Fare Payments: An Issuer's Perspective
April 2009

  • James Lock, VP and Transportation Segment Head for Public Sector Business Development
    JPMorgan Chase
  • Jameson Troutman, Senior Strategy Analyst
    JPMorgan Chase
  • Krista Gallagher, Retail Banking Team
    JPMorgan Chase

Direct Deposit as a Way to Serve the Unbanked and Underbanked
April 2009

  • Ed Bachelder, Director
    Blueflame Consulting

Dynamic Models of Consumer Credit
March 2009

  • Jonathan Crook
    Credit Research Centre, University of Edinburgh

Criminals and Payment Cards: Evolving Threats Posed by Criminal Use of Payment Cards and Related Regulatory Challenges
March 2009

  • Horacio Madinaveitia and Braddock Stevenson, FinCEN

Bank Competition Efficiency in Europe: A Frontier Approach
March 2009

  • David Humphrey, Professor of Finance and the Fannie Wilson Smith Eminent Scholar in Banking
    College of Business, Florida State University

2008 Workshops

An Analysis of Debt Management Plan Success and Failure
November 2008

  • Michael Staten, Director, Take Charge America Institute
    University of Arizona

Household Finance Where the Rubber Meets the Road: Evidence from Daily Checking and Credit Card Transactions
November 2008

  • Jonathan Zinman, Professor of Economics
    Dartmouth College

Electronic Transactions as High-Frequency Indicators of Economic Activity
October 2008

  • Greg Tkacz, Assistant Chief
    Macroeconomic Studies Division, Research Department, Bank of Canada

Designing a Modern Transit Fare Payment System: SEPTA's Chalenges and Opportunities
September 2008

Discussion Paper PDF (678 KB, 27 pages)

  • Jerry Kane, Project Manager, New Payment Technologies System
    SEPTA

Unfair or Deceptive Acts or Practices: An Examination of the Board's Proposal Rules
September 2008

  • Ky Tran-Trong, Attorney, Division of Consumer and Community Affairs
    Federal Reserve Board

Tending to Consumer Information in the Wake of a Data Breach: A State Law Approach
July 2008

Discussion Paper PDF (501 KB, 27 pages)

  • Diane Slifer, Esquire
    Blank Rome LLP

Building a New Card Network: Challenges and Opportunities for a Payment Processor
May 2008

  • Bob Carr, Chairman and Chief Executive Officer
    Heartland Payment Systems

Financial Services in Health Care
April 2008

Discussion Paper PDF (524 KB, 18 pages)

  • Sarah Phelps, Senior Manager
    First Annapolis Consulting

2007 Workshops

Alternative Data and Its Increasing Use in Credit Scoring Underserved Consumers
November 2007

Discussion Paper PDF (152 KB, 18 pages)

  • Arjan Schütte, Associate Director
    The Center for Financial Services Innovation
  • Jennifer Tescher, Director
    The Center for Financial Services Innovation

Unlocking the Risk-Based Pricing Puzzle: Keys to Cutting Credit Card Costs
June 2007

Discussion Paper PDF (210 KB, 20 pages)

  • Jeanne M. Hogarth, Program Manager
    Board of Governors of the Federal Reserve System

An Update on Trends, Attitudes, and Perspectives on Debit Cards: Recent Survey Results
March 2007

Discussion Paper PDF (119 KB, 12 pages)

  • Stan Paur, Chairman
    PULSE EFT Association LP, a Discover Financial Services LLC company
  • Tony Hayes, Vice President
    Dove Consulting, a division of Hitachi Consulting

Recent Developments in the Payments Industry: Exploring Alternative Outcomes
February 2007

  • Kenneth Posner, Managing Director Specialty and Mortgage Finance
    Morgan Stanley

The Merchant-Acquiring Side of the Payment Card Industry: Structure, Operations, and Challenges
January 2007

Discussion Paper PDF (267 KB, 29 pages)

  • Marc Abbey, Partner
    First Annapolis Consulting

2006 Workshops

Community Banks: Payment Practices & Technology Choices
November 2006

2006 Community Bank Technology Survey Results
2006 Community Bank Payments Survey Results

  • Viveca Ware, Director
    Independent Community Bankers of America
  • Cary Whaley, Associate Director
    Independent Community Bankers of America

The Cost of Being Late: The Case of Credit Card Penalty Fees
August 2006

Working Paper PDF External Link

  • Barry Scholnick, Professor
    University of Alberta

U.S. Debit Industry Overview
August 2006

Discussion Paper PDF

  • Ronald Congemi, Senior Vice President
    First Data Corporation

Bankruptcy Reform and the "Sweat Box" of Credit Card Debt
July 2006

  • Ronald J. Mann, Professor
    University of Texas School of Law

The Minimum Payment Warnings Required by the New Bankruptcy Law
May 2006

  • Thomas Durkin, Senior Economist
    Board of Governors of the Federal Reserve System

Anti-Money Laundering and Stored-Value Cards
March 2006

Discussion Paper PDF

  • Patrice Motz, Of Counsel
    Bryan Cave LLP
  • Paul Silverstein, Executive VP
    Epoch Data Inc.

Cards, Credit, and Bankruptcy
January 2006

Working Paper PDF External Link

  • Ronald J. Mann, Professor
    University of Texas School of Law

2005 Workshops

Stored-Value Cards: A Method of Electronic Payment for Unbanked and Underserved Consumers
March 2005

Discussion Paper PDF

  • Sherrie L.W. Rhine, Senior Economist
    Federal Reserve Bank of New York
  • Sabrina Su, Community Affairs Analyst
    Office of Regional and Community Affairs
    Federal Reserve Bank of New York

Prepaid Cards — A Look at Today and Tomorrow
January 2005

Discussion Paper PDF

  • Gary Palmer, Chief Operating Officer and Co-Founder
    WildCard Systems

2004 Workshops

Consumer Payments Law and the Need for Uniform Federal Standards
October 2004

Discussion Paper PDF

  • Mark Budnitz, Professor
    Georgia State University School of Law

Why Invest in Payment Innovations?
September 2004

2003 Emerging Payments Occasional Papers Series, No. 1B PDF External Link

  • Sujit Chakravorti, Senior Economist
    Federal Reserve Bank of Chicago

Credit Report Accuracy and Access to Credit
September 2004

Summer 2004 Bulletin Article PDF External Link

  • Robert B. Avery, Senior Economist
    Federal Reserve Board of Governors

Business-to-Business Electronic Payments
July 2004

  • Brian Triplett, Vice President
    Visa Commercial Solutions

Attacking the Death Star
May 2004

  • Kenneth A. Posner, Managing Director Specialty and Mortgage Finance
    Morgan Stanley

Prepaid Cards: What Are They and How Are They Currently Regulated?
January 7, 2004

Discussion Paper PDF

  • Judie Rinearson, Group Counsel
    American Express

2003 Workshops

Beating Down the Crooks: Fighting Identity Theft and Consumer Fraud
October 3, 2003

Discussion Paper PDF

  • Avivah Litan, Vice President and Research Director
    Gartner Inc.

Consumer Bankruptcy and Unsecured Lenders
September 8, 2003

Discussion Paper PDF

  • Melissa Jacoby, Professor
    Temple University School of Law

A Credit Counseling Overview
May 23, 2003

Discussion Paper PDF

  • Matt Holub, Assistant Vice President of Collections Loss Management
    Chase Cardmember Services
  • Rob Hughes, Vice President of Collections Loss Management
    Chase Cardmember Services
  • Ralph Jarrell, Assistant Vice President of Collections Loss Management
    Chase Cardmember Services
  • Chris Kohl, Vice President of Collections Loss Management
    Chase Cardmember Services
  • Kevin Murphy, Managing Director of Collections Department
    Juniper Bank
  • Lisa Wilson, Director of Collections Strategy
    Juniper Bank

Credit Score Accuracy and Implications for Consumers
March 25, 2003

Workshop Details

  • Brad Scriber, Housing Coordinator
    Consumer Federation of America

A Survey of Recent Literature on Credit Card Networks
February 28, 2003

Workshop Details
Paper PDF External Link

  • Sujit Chakravorti, Senior Economist
    Emerging Payments and Policy Department
    Federal Reserve Bank of Chicago

A Guide to the ATM and Debit Card Industry
February 12, 2003

Paper (PDF; 2006 update) External Link

  • Stuart Weiner, Vice President & Economist
    Payment Systems Research Department
    Federal Reserve Bank of Kansas City
  • Terri Bradford, Consulting Analyst
    Payment Systems Research Department
    Federal Reserve Bank of Kansas City
  • Fumiko Hayashi, Economist
    Payment Systems Research Department
    Federal Reserve Bank of Kansas City

2002 Workshops

Voting With Your Feet: Consumers' Problems With Credit Cards And Exit Behaviors
December 17, 2002

Discussion Paper PDF

  • Jeanne M. Hogarth, Program Manager
    Consumer Polices Section
    Board of Governors of the Federal Reserve System
  • Marianne A. Hilgert, Research Assistant
    Consumer Polices Section
    Board of Governors of the Federal Reserve System

An Overview of Credit Bureau Records
November 25, 2002

February 2003 Bulletin Article PDF External Link

  • Paul S. Calem, Senior Economist
    Division of Research and Statistics
    Board of Governors of the Federal Reserve System

Update on Securitization: Credit Cards and Other ABS Markets
October 25, 2002

Discussion Paper PDF

  • Mark H. Adelson, Director & Head of Structured Finance Research
    Nomura Securities International

Managing Consumer Relations at TransUnion
October 16, 2002

Workshop Details

  • Mary C. Lane, Director of Consumer Relations
    TransUnion

Arbitration: Alternative Dispute Resolution in the Credit Card Industry
September 26, 2002

Discussion Paper PDF

  • Alan S. Kaplinsky, Senior Partner and Head of the Consumer Financial Services Group
    Ballard Spahr Andrews & Ingersoll, LLP.

Managing Global Privacy
May 7, 2002

Discussion Paper PDF

  • Benjamin Robinson, Chief Privacy Officer
    MasterCard International

An Overview and History of Credit Reporting
April 5, 2002

Discussion Paper PDF

  • Dan Brackle, Vice President
    Philadelphia, TransUnion
  • A.C. Capaldi, Group Vice President
    Eastern Region, TransUnion
  • Chet Wiermanski, Vice President
    Analytical Services, TransUnion

Smart Card Technology in the United States
January 23, 2002

  • Joel Tolbert, Eastern Regional Manager
    SchlumbergerSema

2001 Workshops

Retail Credit Risk Modeling & the Basel Capital Accord
December 14, 2001

Discussion Paper PDF

  • Paul S. Calem, Senior Economist
    Division of Research and Statistics
    Board of Governors of the Federal Reserve System

Fraud Management in the Credit Card Industry
November 16, 2001

Discussion Paper PDF

  • Daniel Buttafogo, Director of Risk Management
    Juniper Bank
  • Larry Drexler, General Counsel & Chief Privacy Officer
    Juniper Bank

Innovations in Small Dollar Payments
September 25, 2001

Discussion Paper PDF

  • Richard Corl, Director
    ECount

Managing Consumer Credit Risk
July 31, 2001

Discussion Paper PDF

  • Jeffrey Bower, Senior Manager
    KPMG Consulting

A Panel Discussion on Dynamics in the Consumer Credit Counseling Services
July 20, 2001

Discussion Paper PDF

  • James Godfrey, Executive Vice President
    CCCS of Maryland & Delaware, Inc.
  • Patricia Hasson, President
    CCCS of Delaware Valley, Inc.
  • Jerome Johnson, President & Chief Executive Officer
    CCCS of South Jersey
  • Ghyll Theurer, Program Manager
    CCCS of South Jersey

The Evolution of EFT Networks from ATMs to New On-Line Debit Payment Products
June 15, 2001

Discussion Paper PDF

  • Bruce Sussman, Director of Internal Audit
    NYCE Corporation
  • Paul Tomasofsky, Vice President Advanced Product Group
    NYCE Corporation

Credit Cards & Payment Efficiency
May 22, 2001

Discussion Paper PDF

  • David B. Humphrey
    Professor of Finance and the Fannie Wilson Smith Eminent Scholar in Banking
    College of Business, Florida State University

The Right to Privacy and the Financial Services Industry
May 1, 2001

Business Review Article PDF

  • Anita L. Allen, Professor of Law
    University of Pennsylvania School of Law

Bank Card Associations
March 5, 2001

  • James Shanahan
    Business Dynamics Consulting, Inc.

Workshops (complete list)

The Future of the Merchant Acquiring Value Chain
November 2009

  • Harold Montgomery, Chief Executive Officer
    Calpian, Inc.

Anatomy of a Data Breach and Heartland's Response
August 2009

Discussion Paper PDF (439 KB, 20 pages)

  • Robert Carr, Chairman and CEO
    Heartland Payment Systems

Findings from the Visa Payment System Panel Study
July 2009

  • Michael Marx, Senior Business Leader
    Visa Research Services

Limited and Varying Attention in Household Finance: Evidence from Shocks to the Salience of Penalty Fees
June 2009

  • Jonathan Zinman, Professor of Economics
    Dartmouth College

Moving from Rankings to Rating
May 2009

  • Dr. Joseph Breeden, President and Chief Operating Officer
    Strategic Analytics Inc.

The Electronification of Transit Fare Payments: An Issuer's Perspective
April 2009

  • James Lock, VP and Transportation Segment Head for Public Sector Business Development
    JPMorgan Chase
  • Jameson Troutman, Senior Strategy Analyst
    JPMorgan Chase
  • Krista Gallagher, Retail Banking Team
    JPMorgan Chase

Direct Deposit as a Way to Serve the Unbanked and Underbanked
April 2009

  • Ed Bachelder, Director
    Blueflame Consulting

Dynamic Models of Consumer Credit
March 2009

  • Jonathan Crook
    Credit Research Centre, University of Edinburgh

Criminals and Payment Cards: Evolving Threats Posed by Criminal Use of Payment Cards and Related Regulatory Challenges
March 2009

  • Horacio Madinaveitia and Braddock Stevenson, FinCEN

Bank Competition Efficiency in Europe: A Frontier Approach
March 2009

  • David Humphrey, Professor of Finance and the Fannie Wilson Smith Eminent Scholar in Banking
    College of Business, Florida State University

An Analysis of Debt Management Plan Success and Failure
November 2008

  • Michael Staten, Director, Take Charge America Institute
    University of Arizona

Household Finance Where the Rubber Meets the Road: Evidence from Daily Checking and Credit Card Transactions
November 2008

  • Jonathan Zinman, Professor of Economics
    Dartmouth College

Electronic Transactions as High-Frequency Indicators of Economic Activity
October 2008

  • Greg Tkacz, Assistant Chief
    Macroeconomic Studies Division, Research Department, Bank of Canada

Designing a Modern Transit Fare Payment System: SEPTA's Chalenges and Opportunities
September 2008

Discussion Paper PDF (678 KB, 27 pages)

  • Jerry Kane, Project Manager, New Payment Technologies System
    SEPTA

Unfair or Deceptive Acts or Practices: An Examination of the Board's Proposal Rules
September 2008

  • Ky Tran-Trong, Attorney, Division of Consumer and Community Affairs
    Federal Reserve Board

Tending to Consumer Information in the Wake of a Data Breach: A State Law Approach
July 2008

Discussion Paper PDF (501 KB, 27 pages)

  • Diane Slifer, Esquire
    Blank Rome LLP

Building a New Card Network: Challenges and Opportunities for a Payment Processor
May 2008

  • Bob Carr, Chairman and Chief Executive Officer
    Heartland Payment Systems

Financial Services in Health Care
April 2008

Discussion Paper PDF (501 KB, 27 pages)

  • Sarah Phelps, Senior Manager
    First Annapolis Consulting

Alternative Data and Its Increasing Use in Credit Scoring Underserved Consumers
November 2007

Discussion Paper PDF (152 KB, 18 pages)

  • Arjan Schütte, Associate Director
    The Center for Financial Services Innovation
  • Jennifer Tescher, Director
    The Center for Financial Services Innovation

Unlocking the Risk-Based Pricing Puzzle: Keys to Cutting Credit Card Costs
June 2007

Discussion Paper PDF (210 KB, 20 pages)

  • Jeanne M. Hogarth, Program Manager
    Board of Governors of the Federal Reserve System

An Update on Trends, Attitudes, and Perspectives on Debit Cards: Recent Survey Results
March 2007

Discussion Paper PDF (119 KB, 12 pages)

  • Stan Paur, Chairman
    PULSE EFT Association LP, a Discover Financial Services LLC company
  • Tony Hayes, Vice President
    Dove Consulting, a division of Hitachi Consulting

Recent Developments in the Payments Industry: Exploring Alternative Outcomes
February 2007

  • Kenneth Posner, Managing Director Specialty and Mortgage Finance
    Morgan Stanley

The Merchant-Acquiring Side of the Payment Card Industry: Structure, Operations, and Challenges
January 2007

Discussion Paper PDF (267 KB, 29 pages)

  • Marc Abbey, Partner
    First Annapolis Consulting

Community Banks: Payment Practices & Technology Choices
November 2006

2006 Community Bank Technology Survey Results
2006 Community Bank Payments Survey Results

  • Viveca Ware, Director
    Independent Community Bankers of America
  • Cary Whaley, Associate Director
    Independent Community Bankers of America

The Cost of Being Late: The Case of Credit Card Penalty Fees
August 2006

Working Paper PDF External Link

  • Barry Scholnick, Professor
    University of Alberta

U.S. Debit Industry Overview
August 2006

Discussion Paper PDF

  • Ronald Congemi, Senior Vice President
    First Data Corporation

Bankruptcy Reform and the "Sweat Box" of Credit Card Debt
July 2006

  • Ronald J. Mann, Professor
    University of Texas School of Law

The Minimum Payment Warnings Required by the New Bankruptcy Law
May 2006

  • Thomas Durkin, Senior Economist
    Board of Governors of the Federal Reserve System

Anti-Money Laundering and Stored-Value Cards
March 2006

Discussion Paper PDF

  • Patrice Motz, Of Counsel
    Bryan Cave LLP
  • Paul Silverstein, Executive VP
    Epoch Data Inc.

Cards, Credit, and Bankruptcy
January 2006

Working Paper PDF External Link

  • Ronald J. Mann, Professor
    University of Texas School of Law

Stored-Value Cards: A Method of Electronic Payment for Unbanked and Underserved Consumers
March 2005

Discussion Paper PDF

  • Sherrie L.W. Rhine, Senior Economist
    Federal Reserve Bank of New York
  • Sabrina Su, Community Affairs Analyst
    Office of Regional and Community Affairs
    Federal Reserve Bank of New York

Prepaid Cards — A Look at Today and Tomorrow
January 2005

Discussion Paper PDF

  • Gary Palmer, Chief Operating Officer and Co-Founder
    WildCard Systems

Consumer Payments Law and the Need for Uniform Federal Standards
October 2004

Discussion Paper PDF

  • Mark Budnitz, Professor
    Georgia State University School of Law

Why Invest in Payment Innovations?
September 2004

2003 Emerging Payments Occasional Papers Series, No. 1B PDF External Link

  • Sujit Chakravorti, Senior Economist
    Federal Reserve Bank of Chicago

Credit Report Accuracy and Access to Credit
September 2004

Summer 2004 Bulletin Article PDF External Link

  • Robert B. Avery, Senior Economist
    Federal Reserve Board of Governors

Business-to-Business Electronic Payments
July 2004

  • Brian Triplett, Vice President
    Visa Commercial Solutions

Attacking the Death Star
May 2004

  • Kenneth A. Posner, Managing Director Specialty and Mortgage Finance
    Morgan Stanley

Prepaid Cards: What Are They and How Are They Currently Regulated?
January 7, 2004

Discussion Paper PDF

  • Judie Rinearson, Group Counsel
    American Express

Beating Down the Crooks: Fighting Identity Theft and Consumer Fraud
October 3, 2003

Discussion Paper PDF

  • Avivah Litan, Vice President and Research Director
    Gartner Inc.

Consumer Bankruptcy and Unsecured Lenders
September 8, 2003

Discussion Paper PDF

  • Melissa Jacoby, Professor
    Temple University School of Law

A Credit Counseling Overview
May 23, 2003

Discussion Paper PDF

  • Matt Holub, Assistant Vice President of Collections Loss Management
    Chase Cardmember Services
  • Rob Hughes, Vice President of Collections Loss Management
    Chase Cardmember Services
  • Ralph Jarrell, Assistant Vice President of Collections Loss Management
    Chase Cardmember Services
  • Chris Kohl, Vice President of Collections Loss Management
    Chase Cardmember Services
  • Kevin Murphy, Managing Director of Collections Department
    Juniper Bank
  • Lisa Wilson, Director of Collections Strategy
    Juniper Bank

Credit Score Accuracy and Implications for Consumers
March 25, 2003

Workshop Details

  • Brad Scriber, Housing Coordinator
    Consumer Federation of America

A Survey of Recent Literature on Credit Card Networks
February 28, 2003

Workshop Details
Paper PDF External Link

  • Sujit Chakravorti, Senior Economist
    Emerging Payments and Policy Department
    Federal Reserve Bank of Chicago

A Guide to the ATM and Debit Card Industry
February 12, 2003

Paper (PDF; 2006 update) External Link

  • Stuart Weiner, Vice President & Economist
    Payment Systems Research Department
    Federal Reserve Bank of Kansas City
  • Terri Bradford, Consulting Analyst
    Payment Systems Research Department
    Federal Reserve Bank of Kansas City
  • Fumiko Hayashi, Economist
    Payment Systems Research Department
    Federal Reserve Bank of Kansas City

Voting With Your Feet: Consumers' Problems With Credit Cards And Exit Behaviors
December 17, 2002

Discussion Paper PDF

  • Jeanne M. Hogarth, Program Manager
    Consumer Polices Section
    Board of Governors of the Federal Reserve System
  • Marianne A. Hilgert, Research Assistant
    Consumer Polices Section
    Board of Governors of the Federal Reserve System

An Overview of Credit Bureau Records
November 25, 2002

February 2003 Bulletin Article PDF External Link

  • Paul S. Calem, Senior Economist
    Division of Research and Statistics
    Board of Governors of the Federal Reserve System

Update on Securitization: Credit Cards and Other ABS Markets
October 25, 2002

Discussion Paper PDF

  • Mark H. Adelson, Director & Head of Structured Finance Research
    Nomura Securities International

Managing Consumer Relations at TransUnion
October 16, 2002

Workshop Details

  • Mary C. Lane, Director of Consumer Relations
    TransUnion

Arbitration: Alternative Dispute Resolution in the Credit Card Industry
September 26, 2002

Discussion Paper PDF

  • Alan S. Kaplinsky, Senior Partner and Head of the Consumer Financial Services Group
    Ballard Spahr Andrews & Ingersoll, LLP.

Managing Global Privacy
May 7, 2002

Discussion Paper PDF

  • Benjamin Robinson, Chief Privacy Officer
    MasterCard International

An Overview and History of Credit Reporting
April 5, 2002

Discussion Paper PDF

  • Dan Brackle, Vice President
    Philadelphia, TransUnion
  • A.C. Capaldi, Group Vice President
    Eastern Region, TransUnion
  • Chet Wiermanski, Vice President
    Analytical Services, TransUnion

Smart Card Technology in the United States
January 23, 2002

  • Joel Tolbert, Eastern Regional Manager
    SchlumbergerSema

Retail Credit Risk Modeling & the Basel Capital Accord
December 14, 2001

Discussion Paper PDF

  • Paul S. Calem, Senior Economist
    Division of Research and Statistics
    Board of Governors of the Federal Reserve System

Fraud Management in the Credit Card Industry
November 16, 2001

Discussion Paper PDF

  • Daniel Buttafogo, Director of Risk Management
    Juniper Bank
  • Larry Drexler, General Counsel & Chief Privacy Officer
    Juniper Bank

Innovations in Small Dollar Payments
September 25, 2001

Discussion Paper PDF

  • Richard Corl, Director
    ECount

Managing Consumer Credit Risk
July 31, 2001

Discussion Paper PDF

  • Jeffrey Bower, Senior Manager
    KPMG Consulting

A Panel Discussion on Dynamics in the Consumer Credit Counseling Services
July 20, 2001

Discussion Paper PDF

  • James Godfrey, Executive Vice President
    CCCS of Maryland & Delaware, Inc.
  • Patricia Hasson, President
    CCCS of Delaware Valley, Inc.
  • Jerome Johnson, President & Chief Executive Officer
    CCCS of South Jersey
  • Ghyll Theurer, Program Manager
    CCCS of South Jersey

The Evolution of EFT Networks from ATMs to New On-Line Debit Payment Products
June 15, 2001

Discussion Paper PDF

  • Bruce Sussman, Director of Internal Audit
    NYCE Corporation
  • Paul Tomasofsky, Vice President Advanced Product Group
    NYCE Corporation

Credit Cards & Payment Efficiency
May 22, 2001

Discussion Paper PDF

  • David B. Humphrey
    Professor of Finance and the Fannie Wilson Smith Eminent Scholar in Banking
    College of Business, Florida State University

The Right to Privacy and the Financial Services Industry
May 1, 2001

Business Review Article PDF

  • Anita L. Allen, Professor of Law
    University of Pennsylvania School of Law

Bank Card Associations
March 5, 2001

  • James Shanahan
    Business Dynamics Consulting, Inc.
  • Disclaimer: Center-sponsored conferences and workshops are intended as forums to consider a range of topics and issues about the payment cards industry from a variety of perspectives. The views expressed are those of the participants and not necessarily those of this Reserve Bank or the Federal Reserve System.