Kelley Drye & Warren LLP
Demystifying What Conversational Payments Are
May 11, 2021 | 1:00 pm ET
Co-Presenter: Mark Dixon, Nirmal Kumar, Nanci McKenzie, Dan Miller,
We once associated talking to the computer with shows like Star Trek. Visions of Captain Picard requesting ship diagnostics or even his famous “tea, earl grey, hot” line come to mind. But the technology of conversational AI has become a reality in our society. We are able to communicate with devices like Alexa, Google, Siri, and others and have our requests answered and potentially even acted upon. This is where conversational payments enter the stage and start to take shape. How does this technology work? What should an FI be asking when considering implementing this technology? And what concerns arise when we begin to give ancillary devices access to sensitive financial information? Come join us for this informative session where we will delve into how we can take the mystery out of conversational payments.
Matt Luzadder is the Managing Partner of Kelley Drye’s Chicago Office. He advises and represents financial institutions and payment processors nationwide. His practice focuses on regulatory and compliance issues, including licensing, consumer protection, anti-money laundering, cybersecurity and privacy. Matt draws upon his experience representing companies in regulatory and law enforcement inquiries to help clients implement strategies to mitigate risk while taking advantage of industry developments to achieve their business objectives. He is well-versed in the nuances of cybersecurity and is co-project lead on Nacha's Payment Innovation Alliance's Cybersecurity Response Project Team, where he helped create the recently published Cybersecurity Incident Response Timeline. He is a Certified Anti-Money Laundering Specialist® (CAMS) by the Association of Certified Anti-Money Laundering Specialists and a member of the faculty at Nacha’s Payments Institute, where he teaches classes on risk management, compliance and contractual negotiations. He is a member of the Illinois and Florida bars and is a non-practicing solicitor in England and Wales.