Date: May 30, 2018

Faster Payments for a Faster World — Real-Time Payments Discussion (I)

Session Description

The convergence of mobile technology and digital commerce is leading to real-time payment innovation around the world. Many countries have already deployed or are committed to developing “faster payment” systems to accelerate the movement of money, allowing transferred funds to be immediately available to recipients. While the United States market has seen a recent increase in the development of innovative payment products, real-time payments represent a new phase in the evolution of digital payments. They also mark the creation of the first new payment network in more than 40 years.


The goal of this session is to discuss Real-Time Payment (RTP) network’s capabilities and unique ways it differentiates itself. Our panel of RTP early adopters will define some key attributes, discuss the incremental business value created and explore case studies as well lessons learned from RTP implementation. 


Learning Objectives: 


Learn about the recent innovation in the payment landscape, Real-Time Payments


Lessons learned from Real-Time Payments early adopters.



Speaker Information

James Colassano is a Senior Vice President at The Clearing House (TCH), where he is focused on product strategy and bank readiness in support of TCH’s Real-Time Payments program. In this role he works with TCH owner banks on opportunities and applications that address business related payment problems, as well as long term strategic priorities for this new payments infrastructure. 


James has over 25 years of experience in the payments and cash management business, including 10 years with HSBC where he served as the global product head for their payables business and as the U.S. product executive for their payable, receivable and liquidity products. Prior to HSBC he spent 15 years with JPMorgan Chase in a variety of cash and treasury management roles.


James holds Master Degrees in Banking and Finance from Pace University.


Laura Listwan serves as a Senior Vice President, new product development in global treasury management at U.S. Bank. Laura manages a team of product-development professionals charged with identifying new product concepts, business case development, business requirement definition and product launches in the treasury management space.


Laura has a Bachelor's degree from University of Illinois at Chicago and is graduate of Pacific Coast Banking School. She is a Certified Treasury Professional (CTP) and an Accredited ACH Professional (AAP) and is a frequent speaker at various industry conferences. She also serves on the editorial board of Journal of Payments Strategy & Systems.


Rita Rafalovsky is a vice president and product manager of Real-Time Payments at PNC Bank, where she owns the product roadmap and is accountable for the implementation.


Rita has 14 years of extensive experience in financial service industry with diversified domain knowledge in treasury services product management — designing and launching new products and leading high profile business-critical initiatives. During her eleven years at Citi, Rita held various progressive product management responsibilities including global payments and USD Clearing, where the benchmarking methodology she created helped Citi Latin America earn the prestigious Gold status in the Golden Bridge Awards category for the FI Insights tool. At TD Bank, Rita developed the product strategy for Treasury Management Services and worked with Fintechs to build strategic partnerships. 


Rita has a joint Bachelor’s Degree in Computer Information Systems from Rutgers University and New Jersey Institute of Technology and a Masters Degree in Computer Information Systems from New Jersey Institute of Technology. 


Carl Slabicki is a Director and Product Line Manager at BNY Mellon for Immediate Payments. In his current role, Carl is responsible for strategy and development of new faster payment solutions such as Real-Time Payments and Tokenized Payments with ZelleSM


Prior to joining BNY Mellon in 2014, Carl was the Treasurer for the Wurth Group of North America which is the regional in-house bank, holding company and shared service center for the Wurth Group.


Carl graduated from Muhlenberg College with Bachelor degrees in Economics and in Business Administration. He is a Certified Treasury Professional (CTP), an Accredited ACH Professional (AAP) and a member of the Association for Financial Professionals (AFP).


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