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The Role of Payment Networks in Enabling Fintech Innovation and What Policymakers Can Do to Support It

Wednesday, May 11, 201612:00 PM to 1:30 PM EST
Capitol Visitor Center SVC 2151st Street NEWashington District Of Columbia, 20510

Event Summary

Fintech, short for financial technology, describes the trend of using of innovative technology to disrupt traditional financial institutions by creating new ways of making payments, managing wealth, issuing loans, providing insurance, and managing currency. While many Silicon Valley fintech startups have received significant media coverage, at the heart of this revolution are some of the financial industry’s most familiar names. In particular, the payment networks—the companies who provide the digital links that allow payments to flow between merchants, customers, and their banks—are leveraging their platforms to create a vibrant ecosystem for fintech innovation. Through their own internal solutions, as well as partnerships with others in the industry, they are improving consumer convenience, increasing payment security, and creating more economic value.

Join ITIF for a discussion on the future of fintech and what policymakers can do to support these innovations with top business leaders from Visa, Mastercard, American Express, and Discover.

Speakers

Randy
Randy Neugebauer
Representative (R-TX-19)
U.S. Congress
Keynote Speaker
Kyrsten
Kyrsten Sinema
Representative (D-AZ-9)
U.S. Congress
Keynote Speaker
Daniel
Daniel Castro@castrotech
Vice President and Director, Center for Data Innovation
Information Technology and Innovation Foundation
Moderator
Craig
Craig Gilbert
Vice President, Identity Solutions
MasterCard
Panelist
Kate
Kate Manfred
Vice President of Consumer Insights
Discover Financial Services
Panelist
Vijay
Vijay Sondhi
Senior Vice President, Innovation & Strategic Partnerships
Visa
Panelist
David
David Wolf
Vice President, Digital Partnerships & Product Development
American Express
Panelist
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