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ICBA Hosts Electronic Payments Teleconference

Washington, D.C. (Jan. 11, 2005) - Independent Community Bankers of America (ICBA), the nation's largest banking trade organization, is gearing community banks up for industry changes with its teleconference "Federal Reserve Payments Study: What it Means for Your Bank."

New Federal Reserve System research reveals that electronic payment transactions (credit cards, debit cards, and ACH transactions) in the United States now exceed check payments for the first time. ICBA is holding a teleconference on January 19, 2005 from 11:00 a.m. - 12:30 p.m. EST to help ensure community banks are positioned for the change. Bankers who register for the conference will have an opportunity to ask the experts questions on the topic.

Speaker for the conference are Richard Oliver, Executive Vice President and Federal Reserve System Retail Payments Manager, and Mark K. Webster, who leads the U.S. Commercial Banking and Payments Consulting Practice for Capco, a global financial services consulting firm.

Topics include:

  • The changing face of payments in the U.S.
  • Check and electronic payment volumes.
  • Consumer and business electronic payment preferences.
  • New payment systems at the point-of-sale.
  • Implications for your bank.
  • How your bank can meet these changes.

"ICBA wants to ensure all our members are prepared to meet the challenges involved in transitioning payments from paper to electronics," said Viveca Y. Ware, ICBA Director of Payments Policy. "This upcoming program is further evidence of ICBA's commitment to raising member awareness of payment issues and ways of capitalizing on the opportunities."

For more information, or to register, visit Event Spotlight at www.icba.org.