Duncan Douglass was a featured speaker during the session "Regulatory & Policy Considerations for Real-Time Payments" at this annual conference hosted by NACHA. This session explored the legal and regulatory considerations of real-time payments. Panelists discussed the application of the existing framework for electronic transactions, as well as new expectations for faster payments. Competing policy goals among the Federal Reserve, the CFPB and agencies that enforce AML and OFAC obligations were examined. Also addressed were ways in which a new real-time payment system can improve on the security capabilities associated with existing payments systems, the trade-offs between security and usability and lessons that can be learned from real-time systems implemented in foreign countries. Gain an understanding of the policy and regulatory issues that must be resolved in the near future.
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April 17-20, 2016
Phoenix Convention Center / Phoenix, AZ