Todd Decker, Senior Vice President, Deposit Product Management, Regions Bank
Jeffery L. Kline, President & CEO, MEMBERS Development Company
David C. Mills, Ph.D., Chief, Payment System Studies Section, Reserve Bank Operations and Payment Systems, Board of Governors of the Federal Reserve System
Bob Giltner, Chief DDA Strategist, Velocity Solutions 

Moderator: George Warfel, Consulting Director, Global Payment Solutions, Fiserv

Consumer online and electronic payments well exceed check payments today, according to research by the Federal Reserve Bank of Boston. With the number of mobile devices with online connectivity predicted to double during the next three years to nearly twice the number of PCs, payments and related information and management are changing. Networked, online payment strategies and services, in which multiple entities link and adopt technology together, are moving banking from a “place” to an online “context or experience.” 

Competitive players are integrating transaction account data, online data filing, storage and management, social media, billers, behavioral game theory, risk analytics and monitoring. These new initiatives will increasingly threaten to take volume and revenue from those clinging to traditional single entity strategies. For example, Pinpoint, Manilla, Offermatic and Movenbank are companies either capturing transaction account data through aggregation or providing accounts with linking to additional information such as geography, billers and bill payment, social media, purchase behavior analysis and merchant offers through networks.

In this new payments network model, what are the changing role, revenue and relationship functions of the DDA transaction account?