Richard Porter, Vice President & Senior Policy Advisor, Federal Reserve Bank of Chicago

David Walker, President & CEO, ECCHO

Checks can be separated from their medium and are becoming electronic rather than paper based. As the implementation of check image exchange approaches 100%, most of the check payment is already electronic.  One paper-based step remains, and once that is addressed, checks will become fully electronic payments. Fully electronic checks or digital checks are “checks” that never existed in paper form but rather were created on a computer, phone or similar device and are collected and returned in digital form. Join us for a discussion of one aspect of the future of the check.

• What’s a “fully electronic check”?
• Application in remotely created checks
• Application in bill payment services
• Application in mobile payments

Brent Bahnub, Senior Vice President, Director of Business Intelligence, First Niagara
Rick Kuhn, Senior Vice President, Managing Director, Fiserv

At many institutions, payments create a greater rate of business capital turnover than any other banking function.  Even so, many bankers struggle over the impact that payments have on bank funding. While using the correct rate of return is critical to any successful business endeavor, it is often difficult to determine the correct rate to use for payments initiatives. Brent and Rick have debated this issue at various institutions for decades and will share their opinions and experiences.  Key topics include:

• Evaluating check clearing initiatives
• Non-earning asset management
• How payments impact the sources and uses of funds

Rick Braden, Vice President, JPMorgan Chase
Tony Love, Vice President, Retail Payments Office, Check 21 Operations, Federal Reserve
Dana M. Parks, Assistant Vice President, Project Manager, JPMorgan Chase

Kheng Tan, Senior Vice President, Wells Fargo

Back in the day, operations managers could inspect sorter pockets, spot a missed cash letter or rely on other physical evidence of issues in the bank operations . It’s different when you’re moving images through a digital workflow. Now that you can’t monitor the process physically the way you used to, how do you stay in control?

• How does business activity monitoring, automated alerts, problem escalation and reporting work?
• How can we improve control of the end-to-end production environment?
• What tools are available to help?
• How do you cross silos with this capability?
• How do you make processes generic enough that they can apply to multiple payments channels, e.g., monitoring inbound ACH and inbound ICLs?