Date: May 31, 2017

Payments: How Fast is Fast Enough? (I)

Session Description

Payments technology is advancing rapidly, with Same-Day ACH now an option for every corporation and instant payments on the horizon for most. Yet moving to faster payments brings with it the need to overhaul existing settlement systems and processes to keep pace.

This session takes the form of a live conversation with the treasurer of Paychex, the Rochester, NY, corporation which has already implemented Same-Day ACH, and with payments and treasury experts from Bank of America Merrill Lynch.

The panel will examine the implications of faster payments for treasurers, look into Both the opportunities and the potential pitfalls presented by faster payments and seek to answer the question: How fast is fast enough?

Corporate treasurers will leave this session with a better understanding of what’s around the corner in payments technology, and of the likely effects of moving to faster payments for treasury teams, their corporations and the customers they serve.

Speaker Information

Judy Mason is Senior Vice President at Bank of America, with Global Treasury Sales responsibility for the Buffalo and Rochester New York market. Judy is a leader in the Treasury Management Sales industry with more than 25 years of experience.

Judy is responsible for a vast array of clients, including Commercial, National and Commercial Real Estate market segments. Her role is to help reduce cash flow complexities and create client satisfaction by providing expertise for client’s disbursements, collection and concentration of cash.

Mary O’Toole is Senior Product Manager for Real-Time Payments at Bank of America Merrill Lynch responsible for executing the business strategy for RTP initiatives in Global Transaction Services. Previously, she led the ACH product management team.

Mary joined the company in 2002. Prior to joining Bank of America, she worked at JPMorgan Chase and MetLife.

Mary is a graduate of Fordham University in New York, and holds a BA in Political Science and MBA in Financial Management.

David Vogt is Paychex’ Treasury Operations Senior Manager. Paychex is a leading national provider of payroll and human resource services for small- to-medium sized businesses. The company has over 100 locations across the U.S. with revenues of over $3 billion. David oversees the daily cash management process, client funds accounting, and corporate banking relationships. He has over 25 years of experience in the financial industry that includes working in commercial banking as a Treasury Sales and Product Management Officer. David was also a Development Officer for QCI Asset Management, a registered asset management firm serving a broad range of clients: business, endowments and retirements.

David holds an MBA and BS degrees from St. John Fisher College in Rochester, New York. David has earned his Certified Treasury Professional (CTP) accreditation from the National Association for Financial Professionals (AFP) and is a past president of the Western New York Treasury Management Association.

Rebecca Wagner is a Senior Compliance Analyst at Paychex, where she’s been a member of the team for over 18 years. She has over 30 years of experience in payments and is a member of the Federal Reserve’s Faster Payments Task Force and an Accredited ACH Professional (AAP).

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