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Improvements to the U.S. Payments System

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Improvements to the U.S. Payments System
Presented by: Connie Theien, Federal Reserve Financial Services

Payments systems around the world are evolving at a rapid pace due to innovations in information technology, changes in end user expectations, complex payments security challenges and increasing complexity in the payments ecosystem with participation of banks, service providers, network operators and non-bank innovators. Recognizing these shifts in the payments landscape, the Federal Reserve has conducted extensive stakeholder input gathering and research on the need for a ubiquitous, faster payments capability, enhancements to payments system security, improvements to international payments clearing and greater efficiency in business and consumer payments. Join Connie Theien to discuss the Fed’s strategies for addressing these needs and next steps for working together to create the U.S. payments system of the future. 

Key Takeaways:

  • Become aware of opportunities to be involved in improving the U.S. payments system

  • Learn about the challenges facing payments system stakeholders, specifically end user expectations and issues surrounding payments security

  • Develop an understanding of the extensive research conducted by the Federal Reserve and how it relates to changes occurring in the U.S. payments system   

The report entitled, Strategies for Improving the U.S. Payment System was referenced by Connie during the webinar. 

What do you get?

Link to recorded webinar through the GoToWebinar solution.

Target Audience: This complimentary webinar is open to all payments system stakeholders who are interested in learning about opportunities to engage with the Federal Reserve in its effort to improve the U.S. payments system.

Duration: This presentation is approximately 60 minutes in duration.

Original Presentation Date: July 15, 2015
CPCP Points: Viewing of this presentation will earn 0.25 point toward CPCP initial eligibility or recertification.


The Speaker:

Connie Theien, Vice President of Payments Industry Relations 
Federal Reserve Financial Services           

Connie is responsible for coordinating engagement with payment industry stakeholders to advance the Fed’s strategic direction for payments system improvement. Prior to establishing the industry relations function in 2013, she oversaw the marketing and communications function for first the Minneapolis Fed and then nationally for Federal Reserve Financial Services. In addition to her Fed experience, her career has included stints in agency, nonprofit and consulting environments. Theien holds an M.B.A. from the University of Minnesota’s Carlson School of Management. 

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