- This event has passed.
Payments Inclusion Forum: Innovating for Inclusion
August 20 @ 1:00 pm – 5:00 pm EDT
The Atlanta Fed’s Special Committee on Payments Inclusion, a multidisciplinary team of payments and financial inclusion experts, has completed its initial research into cash-reliant populations and payments adoption trends. The Committee identified several barriers and offers recommendations on how to improve digital payments inclusion. This event will be an opportunity to discuss the issues with a broader audience and to identify where future work should advance.
Don’t miss the fireside chat with Raphael Bostic, president of the Federal Reserve Bank of Atlanta, and Sunayna Tuteja, chief innovation officer for the Federal Reserve System. These key Fed leaders will discuss how to advance a payment system that works for all and their views on how to incorporate inclusion principles into financial services.
For comments or questions, please email saferpayments@atl.frb.org.
Agenda
1:00-1:30 pm ET
In-Person Arrivals and Networking
1:30-1:35 pm ET
Welcome Remarks
Speaker: Jessica Washington, AVP, Payments Risk Forum, Federal Reserve Bank of Atlanta
1:35-2:10 pm ET
Innovating for Inclusion, A Fireside Chat
What roles should the public, private, and nonprofit sectors play in promoting financial inclusion? Key leaders will discuss how to advance a payment system that works for all and their views on how to incorporate inclusion principles into financial services.
Speakers: Raphael Bostic, President and Chief Executive Officer, Federal Reserve Bank of Atlanta
Sunayna Tuteja, Chief Innovation Officer, Federal Reserve System
2:10-2:20 pm ET
Networking Break
2:20-3:05 pm ET
Inclusion Principles in Emerging Products
What can be done to enable responsible, equitable innovation in financial products and services that enhances financial inclusion while ensuring robust consumer protections? This session will highlight research focused on what users like about alternative financial services (specifically nonbank bill pay, buy-now-pay-later, and earned wage access) and hear from providers of these innovative financial services about how they have enhanced individuals’ ability to access, use, and benefit from these offerings.
Speakers: Scott B. Astrada, Director of Public Policy and Social Impact, Affirm
Keith Vander Leest, Head of Payments, Cross River Bank
Brian Clarke, Senior Business Strategy Leader, Federal Reserve Bank of Boston
2:20-3:05 pm ET
Inclusion Principles in Emerging Products
What can be done to enable responsible, equitable innovation in financial products and services that enhances financial inclusion while ensuring robust consumer protections? This session will highlight research focused on what users like about alternative financial services (specifically nonbank bill pay, buy-now-pay-later, and earned wage access) and hear from providers of these innovative financial services about how they have enhanced individuals’ ability to access, use, and benefit from these offerings.
Speakers: Scott B. Astrada, Director of Public Policy and Social Impact, Affirm
Keith Vander Leest, Head of Payments, Cross River Bank
Brian Clarke, Senior Business Strategy Leader, Federal Reserve Bank of Boston
3:05-3:15 pm ET
Networking Break
3:15-4:00 pm ET
Working Together on a National Strategy for Financial Inclusion
The US Department of the Treasury was directed to develop a strategy to improve financial inclusion related to the Financial Services and General Government Appropriations Act of 2023. It received input from a wide variety of stakeholders, including the Federal Reserve, to ensure that the strategy identifies clear and actionable opportunities for the public, private, and nonprofit sectors. Join us as we discuss proposed solutions the industry can implement to advance financial inclusion and broaden access to financial products and services among underserved communities.
Speakers: David Rothstein, Senior Principal, BankOn Cities for Financial Empowerment Fund, Inc.
Lali Shaffer, Director, Payments Forum, Federal Reserve Bank of Atlanta
Natalia Li, Director, Office of Consumer Policy, Treasury
Erin Borg, Initiative Lead for Inclusive Financial Systems, Aspen Institute Financial Security Program
4:00-5:00 pm ET
The Role of Cash-In/Cash-Out Networks in Payments Inclusion
Evidence suggests that cash-in, cash-out (CICO) networks play a critical role in a country’s journey from cash-based to fully digital systems. CICO networks are physical access points that allow customers to exchange cash for digital value or vice versa. This session will discuss the landscape of US CICO networks along with opportunities for improving their role in inclusion efforts.
Speakers: Crystal Bryant Minter, SVP, Money Movement, GreenDot
Greg Donahue, VP, Network Solutions, NCR Atleos
Elizabeth Mansfield, VP, Account Management for Banking and Fintech, Paymentus
Maria Smith, Vp, Payments and Fintech, Walgreens
5:00 pm ET
Adjourn
5:00-6:30 pm ET