Evolution or Revolution - Perspectives on a Changing Payments System

Session Description:

The speaker will look at the root causes of change in the payments system over time and how those patterns can help us assess the likely success of future changes.

Speaker(s):

Richard Oliver, Payments System and Strategic Planning Consultant

Richard Oliver, payments system and strategic planning consultant, retired in 2011 as an Executive Vice President of the Federal Reserve Bank of Atlanta, where he spent 38 years overseeing technology and payments system services, including check, ACH, and wire transfer. From 1998 to 2010, he was the Federal Reserve System’s Retail Payments Product Manager with profit and loss responsibilities for the Fed’s $750 million check and ACH businesses. During 2010-2011, Oliver served as head of the Retail Payments Risk Forum, where he co-led a mobile payments industry effort to explore the evolution of mobile payments in the United States. Over the past six years he has delivered many industry speeches, taught at industry schools, and facilitated nearly a dozen strategic planning initiatives for payments organizations, banks, and universities. In 2010, he received the prestigious George Mitchell Payments System Excellence Award from the National Automated Clearinghouse Association.