Esther L. George
President and Chief Executive Officer, Federal Reserve Bank of Kansas City
Federal Reserve’s Financial Services Policy Committee Chair and Fed’s Payments System Improvement Initiative Sponsor
Esther L. George is president and chief executive officer of the Federal Reserve Bank of Kansas City. In 2016, she is a voting member of the Federal Open Market Committee, which sets U.S. monetary policy. She also chairs the Federal Reserve’s Financial Services Policy Committee and sponsors the Fed’s payments system improvement initiative.
She has more than 30 years of experience at the Kansas City Fed, primarily focused on regulatory oversight of nearly 200 state-chartered banks and 1,000 bank and financial holding companies in seven states. She was directly involved in the banking supervision and discount window lending activities during the banking crisis of the 1980s and post-9/11.
During the most recent financial crisis, she served as the acting director of the Federal Reserve’s Division of Banking Supervision and Regulation in Washington, D.C. She hosts the Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium in Jackson Hole, Wyoming, which is attended by central bankers from around the world.
Co-Author of Collaboration Rules
Philip Evans’ career-long obsession is how technology must re-shape business strategy and public policy. He offers challenging perspectives on the direction of the digital revolution: community-centric marketing, tapping user-generated content, open collaboration and innovation, network-based strategy, infrastructure economics, the “deconstruction” of value chains, privacy and big data.
Philip is a Senior Partner Emeritus with the Boston Consulting Group and the first elected BCG Fellow. He founded both BCG’s media and Internet practices. He has long been the preeminent thought-leader for BCG and was dubbed one of the “Lords of Strategy” in the book of that name. In his 35-year career at BCG, he has consulted worldwide on strategy in the consumer goods, financial services, healthcare, media, retail, and technology sectors. He has also advised governments on military organization, homeland security, economic development, and digital policy.
Philip’s long-term interest is in technology and business strategy. He has served as thought leader for BCG on such topics as community-centric marketing, tapping user-generated content, the architecture of open collaboration and innovation, network-based strategy, infrastructure economics, the “deconstruction” of value chains, big data, and privacy. Founding BCG’s media and internet practices, Philip also pioneered their expertise in pricing, IP, network analysis, and big data.
As a speaker, Philip has given keynote speeches for TED, Bill Gates’s CEO Summit, Michael Milken’s Global Conference, The Economist and the World Economic Forum. He has also addressed “closed door” sessions with the world’s telecommunication regulators (in Geneva), privacy authorities (in Uruguay), and the Senior Executive Council of the Pentagon.
Philip is co-author of the bestseller “Blown to Bits” and numerous award-winning articles in the Harvard Business Review. Currently, he sits on the Advisory Board of the Oxford Internet Institute, British-North American Committee. Philip Evans graduated #1 from Cambridge in economics and then went on to become a Harkness Fellow at Harvard in mathematical economics in 1974 and his MBA from Harvard Business School in 1978.
Carol Coye Benson
Before founding Glenbrook Partners, Carol was a managing director of the Global Institutional Services division of Deutsche Bank, in charge of marketing, client online services, and Internet development. At Visa International, she led a group conducting early work on the use of credit cards online, and a project that pioneered database marketing and related consumer-privacy issues. Carol also founded and managed Visa’s European product-development office, where she led a series of electronic-commerce and chip-card projects designed to bring European banks online.
Prior to her career with Visa International, Carol spent twelve years with Citibank, where she managed the development and market introduction of new payments products. Carol began her career as a corporate lending officer for large multinationals at both Bank of America and Citibank.
She is co-author of the book “Payments Systems in the U.S.”
Carol has an A.B. from Bryn Mawr College in Psychology, and an M.B.A. from Columbia University in Finance and Marketing.
Concurrently, Steve is the Chief Revenue Officer for QRUZ – a Dallas-based early stage mobile payments technology company. Launching this Fall, QRUZ is partnering with financial institutions, wallet apps, processors and other stakeholders to simply enable people to make fast, safe and secure payments with any mobile phone to any merchant – even withdraw cash from an ATM without using a card.
QRUZ is his third FinTech firm – most recently, Steve was the Financial Industry Market Manager at the cybersecurity firm Armor Defense. Previously, he served in various client executive, strategy and business management capacities with Hewlett Packard Enterprise, EDS and Fiserv focused on strategic client outcomes around payments, cloud computing, mobility, managed security, analytics and big data. Early in his career, Steve started out as a treasury management services banker with predecessor banks that became Bank of America and also later with a fast growing business bank, Texas Capital Bank. Steve was a contributing author in the Surfing Payment Channels – Expert Perspectives on ‘Waves of Change’ in the U.S. Payments System by James D. Pitts.
In his pastime, Steve enjoys serving on various mission projects with his church, working with youth in the BSA Venturing program, and enjoying family and friends cheering the Texas Rangers into the Post Season and then Iowa State basketball.
Bromagen joined the Federal Reserve Bank of Chicago in 1990 and has held a variety of management positions during her time at the bank. Bromagen was promoted to assistant vice president-accounting in 1998. She joined the CRSO in 2003 was promoted to vice president in 2004 with the responsibility for financial planning and revenue management. In 2006, Bromagen assumed responsibility for FedLine® Program Management and was promoted to senior vice president in 2008. In 2012 she was promoted to executive vice president and product manager of the CRSO.
Bromagen holds a bachelors of Science degree from the University of Wisconsin and a master’s degree from DePaul University.
Clay joined the Federal Reserve Bank of Dallas in 1991 and transitioned to the Federal Reserve Bank of Chicago in 2001. Her tenure with the Federal Reserve has encompassed multiple areas of management responsibility to include internal support functions, customer support, business development and national sales and marketing. Clay was promoted to assistant vice president and national account manager in 2002. She was promoted to vice president in 2008 with responsibilities for regional sales and marketing and sales operations and analytics. She was promoted to senior vice president in 2014.
Clay holds a master’s degree in business administration from Northwestern University and a bachelor’s degree in business administration from the University of North Texas.
Nanda S. Dave
Nanda represents the Reserve Bank of India on the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlement (BIS). She is also on the Executive committee of Regulatory Oversight Committee of Legal Entity Identifier (LEI ROC), the SAARC Payment Council and the SEACEN Payments Group representing the RBI. She has been member of several key working groups both within and outside the Bank.
Recently she has been nominated on the Working Group on Fin Tech and Digital Banking set up by the Reserve Bank of India. She is a Masters in Management with a Bachelors degree in Science. She is also a Certified Associate of the Indian institute of Bankers (CAIIB).
These responsibilities provide for active engagement with key industry organizations. Mr. DeCicco is the Chairman the Accredited Standards Committee (ASC) X9 Board, the convenor of the ISO Real-time Payments Group and the co-chair of the SWIFT Payments Market Practice Group. He is also a member (and past Chair) of the ABA Payment Systems Administrative Committee, the Federal Reserve Payments Risk Committee Working Group, the Stakeholder Group advocating adoption of ISO 20022 message standards in the U.S. and the Federal Reserve Faster Payments Steering Committee and Task Force.
In addition to his role at SHAZAM, Terry is vice chairman of the Debit Network Alliance (DNA). He’s also the past chair of the Payments Processing Information Sharing Council (PPISC) and of the Secure Remote Payment Council (SRPc).
Charles M. Kahn
Kahn’s research and publications have covered a variety of topics in economics and finance, including labor economics, macroeconomics, economic history, monetary economics, corporate finance, real estate, insurance, and banking. His recent work has focused on payments systems and liquidity, using game theory and contract theory to analyze the design of financial infrastructure.
Previously, Mr. McDowell was Head of Ecosystem Security at PayPal, where he developed strategies, lead initiatives, and spearheaded their authentication strategy to make the Internet safer for PayPal and their customers. He and his team drove several open standards and won a CSO40 award for innovation in authentication. Mr. McDowell has held several leadership positions including founding Management Council Chairman for the NSTIC IDESG, co-founder and Chairman of DMARC.org, Treasurer for the National Cyber Security Alliance, Secretary for StopBadWare.org, and Vice President for FIDO Alliance. Prior to joining PayPal in 2010, Mr. McDowell managed a number of IEEE-ISTO initiatives, serving as Executive Director for Kantara Initiative, Liberty Alliance Project, and VoiceXML Forum. Mr. McDowell has extensive industry standards experience having worked with IETF, ISO, ITU-T, ANSI, OASIS, W3C, IEEE and the ETSI ICT Standards Board.
Korie received her undergraduate degree from William Jewell College in Liberty, MO and MBA from Baker University in Baldwin City, KS. She also graduated from the Stonier Graduate School of Banking at Georgetown in Washington D.C.
Mr. Neyer holds Executive Master in Technology Management from Wharton/University of Pennsylvania and a M.S. & B.S. Degrees in Mathematics from City College of NY.
Mr. Neyer has written and lectured on various aspects of global payments, real-time payments and blockchain and is a regular speaker and commentator at business seminars and conferences.
Ed began his career in Financial Services in 2001 with the Federal Reserve Bank of Chicago, where he held business analyst and information security positions in the Retail Payments department and the Customer Relations and Support Office. Prior to rejoining the Federal Reserve in 2016, Ed spent nine years at Discover Financial Services in various leadership roles where he was responsible for managing fraud operations, data security compliance, account data compromise investigations and risk management teams across Discover Network, Diners Club International and PULSE. From 2006 to 2014, Ed also served as a brand representative on technical, management and executive committees of the Payment Card Industry Security Standards Council.
Ed holds Master of Business Administration and Bachelor of Business Administration degrees from Loyola University of Chicago as well as the designation of Certified Information Systems Security Professional (CISSP).
For four thriving years René led RPGC, consulting for companies like Google, PayPal, Symantec, Cybersource, First Data, Visa International, American Greetings, Netgiro in Sweden and Pago in Germany. In 2006 René joined eBay/PayPal, as Senior Director, Strategy and Industry Relations. In this role, René was responsible for managing PayPal’s relations with the financial services industry, and defining the strategies that maximize the benefits provided by the financial networks.
Growing restless after five years with eBay/PayPal, René re-launched RPGC in 2011 with the aim of bringing his views and ideas on how to make remote and global payments more efficient and cost-effective to a larger audience.
Already a seasoned payments professional with over fifteen years of experience in financial services prior to joining Amazon.com, René held senior management positions at Electronic Payment Services, Inc., a leading electronic funds transfer (EFT) processor; GE Capital, an international consumer lending group; and Tandem Computers, a hardware manufacturer of fault tolerant systems heavily used by the payments industry worldwide. René also provided strategic planning and systems integration advice to the bankcard and retail banking industry in a consulting capacity.
René has served as board member of the Direct Response Forum (DRF), co-chaired the e-commerce purchasing council of the Electronic Funds Transfer Association (EFTA), served as a member of the National Automated Clearing House Association (NACHA) Payments Institute Board of Regents, and was a member of the advisory board for ISO & Agent Weekly and of advisory panels for The Economist, BAI, and NACHA. He is currently a member of the Association for Finance Professionals (AFP) and represented PayPal to the Canadian Payments Association’s Stakeholders Advisory Council (CPA), the International Payments Framework Association (IPFA), and NACHA’s Global Payments Forum.
Quoted and published in many industry related publications, René’s opinions are highly sought. He has been quoted in publications such as the Wall Street Journal, American Banker, Credit Card Management, USA Today, The Green Sheet, and many more. He has also contributed to specialized payment publications such as Association for Finance Professional’s “The Exchange”, the Canadian Payments Association “Forum”, and Wiley Financial Series book “The Future of Finance after SEPA”. During his tenure at eBay/PayPal, René filed for patents with the US Patent and Trademark Office for “Unified Identity Verification” and for “Payments Using Funds Pushing”.
René received a B.A. in Business Information and Computing Systems and a M.B.A. from San Francisco State University.
Kassi Arana Quimby
Rodriguez brings more than 32 years of experience with Federal Reserve Financial Services in operations, product development, sales and marketing. He helped establish the Federal Reserve’s Customer Relations and Support Office in 2001 including its national account program and served on the Federal Reserve’s leadership team for implementing the Check 21 initiative. More recently, Rodriguez was instrumental in the design and launch of the Federal Reserve’s Payments Industry Relations Program. Rodriguez holds a B.A. from the University of Colorado, a Graduate School of Banking Certificate from the University of Wisconsin and is an Association for Financial Professionals – Certified Cash Manager.
Before coming to Coconut Grove Bank, Mr. Schweid ran Treasury Management, Corporate Services, and was a Regional Manager at City National Bank and Seacoast National Bank. In both positions he was responsible for various sales teams, treasury management operations and negotiated partnerships and contracts with vendors of all types. Previously he worked in the investments area at Great Western Bank and Prudential Securities.
Mr. Schweid’s background includes an undergraduate degree in business/finance from Eckerd College, and an M.B.A. from Florida International University. He serves on the Federal Reserve Bank’s Faster Payments Taskforce and is the current President of the South Florida chapter of the Association of Financial Professionals (SFAFP). He is a mentor for students at the University of Miami Business School and is a past President of the Marjory Stoneman Douglas Biscayne Nature Center.
Spulber is the Research Director for the Searle Center on Law, Regulation and Economic Growth. He served as the founding director of Kellogg’s International Business & Markets Program. A highly-valued speaker, Spulber has spoken at events organized by Oracle, Qualcomm, The Ewing Marion Kauffman Foundation, The General Accountability Office (GAO), The National Academies of Sciences, Engineering, and Medicine, The Technology Policy Institute, and The Global Competition Review.
Spulber’s research is in the areas of Innovation, International Economics, Industrial Organization, Microeconomic Theory, Management Strategy, and Law. Spulber has received eight National Science Foundation grants, three Searle Fund Grants, and four Ewing Marion Kauffman Foundation Grants for economic research. Spulber is the founding editor of the Journal of Economics & Management Strategy published by Wiley-Blackwell. Spulber is the author of thirteen books including The Innovative Entrepreneur, 2014, Cambridge University Press. His research is in the areas of Innovation Economics, Entrepreneurship, International Economics, Industrial Organization, Microeconomic Theory, Management Strategy, and Law. Spulber has published numerous articles in leading economics journals and law reviews.
IFXX Forum, Inc. is a financial services industry consortium formed in 1998. Its mission is to facilitate the electronic exchange of financial data and transactions. It is an international standard capable of serving the rigorous requirements of banks and their partners. It is also the strategic standard for the ATM industry and operates as a key component of EAI (enterprise application integration) in many large financial services companies.
Margaret Morgan Weichert
An entrepreneur who started her own merchant payment processing company and sold it to First Data, Margaret has proven experience leading transformational payments initiatives, leveraging technology, process and strategy resources. Throughout her career, her entrepreneurial activities have resulted in 13 US patents, all in payments.
Werkema’s 34 year career at the Federal Reserve began in the San Francisco District, where he ultimately served as executive vice president before moving to the Federal Reserve Bank of Chicago, where he was first vice president and chief operating officer until September 1, 2015. He has also served as product director of the System’s National Customer Relations and Support Office. Werkema holds a master’s degree with honors from The Johns Hopkins University.