Retail Payment Systems Conference

This one-day conference on Retail Payment Systems was held at the Harvard Club of New York on February 26, 2015. The event was sponsored by MasterCard and co-hosted by PIFS.

Topics

• How do retail payment systems actually create value?
• What have been the key productive innovations in the retail payment system in the last decade? Are the use of mobile payment and digital money among them?
• What are the policy grounds for state intervention in the payment systems and do
such interventions produce unintended, undesirable consequences?
• What are the risks for global interoperability posed by a lack of coordinated national regulation and state interventions in the operations of retail payment systems?

Panelists, Speakers and Moderators

• Yussur Abrar, African Development Bank
• Francisco Burelli, Innovalue
• Bob Chakravorti, The Clearing House
• Massimo Cirasino, International Bank for Reconstruction Development (World Bank)
• Peter Ehmke, Edgar Dunn
• Joel Feinberg, Sidley Austin
• Alan Frankel, Coherent Economics
• Ben Fung, Bank of Canada
• Geoffrey Gerdes, Board of Governors of the Federal Reserve System
• Benjamin Geva, Osgoode Hall Law School, Toronto
• Tim Jones, Nest UK
• Ronald Mann, Columbia University School of Law
• Geoffrey Manne, International Center for Law & Economics
• Hal S. Scott, Harvard Law School
• Bjorn Segendorf, Sveriges Riksbank
• Francisco Tur Hartmann, European Central Bank
• Ather Williams III, Bank of America Merrill Lynch

Associated Concept Papers and Presentations

The Importance of the Retail Payment System, Hal S. Scott, Harvard Law School
The Role of the Public Sector in the Payment System, Bob Chakravorti, The Clearing House
What have been the key productive Innovations in the retail payment system in the last decade? Are the use of mobile payment and digital money among them?, Peter Ehmke, Edgar, Dunn & Company
The Case for Public Intervention in Payment Networks, Alan S. Frankel, Coherent Economics
The Value of the Retail Payment System: A discussion of Professor Scott’s Paper, Geoffrey Gerdes, Board of Governors of the Federal Reserve
What are the risks for global interoperability posed by a lack of coordinated national regulation and state interventions in the operations of retail payment systems?, Benjamin Geva, Torys
Global Payments, Francisco Tur Hartmann, European Central Bank
Desirable Payment System Characteristics, Hal S. Scott, Harvard Law School
Global Digital Cash, Tim Jones and David Everett, Tibado

Symposium Materials 

• Agenda