Retail Payments

Tuesday, January 13, 2015 11:30 AM - 1:00 PMGenuine Parts3100 Windy Hill Road SEAtlanta, GA 30339Payments systems around the world are evolving rapidly.  Innovations in information technology, changes in end user expectations, and increasing complexity in the payment landscape mean that all stakeholders likely need to reassess their mid to long-term strategy.  The Federal Reserve refreshed its strategic direction for payments in 2012.  Extensive research and stakeholder interviews were conducted in the following four categories: ubiquitous and faster payments, security enhancements, improvements to cross-border payments, and efficiency in business and consumer payments.  The Federal Reserve will share a roadmap for pursuing desired improvements, and discuss next steps in industry collaboration to create the U.S. payments system of the future.Speaker: Julius Weyman - Vice President in the Federal Reserve Bank of Atlanta’s Retail Payments Risk Forumem_JuliusWeymanJulius Weyman is regional executive of the Birmingham Branch of the Federal Reserve Bank of Atlanta. He is responsible for the Branch's Board of Directors, oversees Birmingham's economic and financial education programs, and provides regional input into the Atlanta Fed's monetary policy process.Mr. Weyman began his Federal Reserve career at the Atlanta Fed's Jacksonville Branch in 1987 as a project coordinator. He transferred to the Atlanta Fed's electronic payments department in 1989 and was promoted to manager and director for electronic payments and wholesale payments/fiscal services in 1995. He transferred to the Board of Governors in 1996, and worked as a senior analyst in the check section of the Board's division of Reserve Bank operations and payments systems. In 1998, he returned to the Atlanta Fed to serve as assistant vice president in the check relay and central float department of the Retail Payments Office. Here, he was responsible for daily staff supervision and operations. He became a vice president in 2008, with responsibility for managing the check relay organization and the Federal Reserve System's float management function.Mr. Weyman is involved in various community activities, including the United Way. He is also a trustee of the Birmingham Chamber of Commerce and the Birmingham Rotary and serves on the College Access Challenge Grant Steering Committee.He holds a bachelor's degree in management from the Georgia Institute of Technology and completed the executive development program at the University of Michigan in May 2001.

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