1. Emerging Payments Market Developments Trends and Issues
Marianne Crowe, Vice President, Federal Reserve Bank of Boston
James Van Dyke, President and Founder, Javelin Strategy and Research
Cindy Merritt, Assistant Director, Retail Payments Risk Forum

2. State of environment today: key trends:
Continued investment in new technologies drives evolution of payment devices and channels
Increased participation of non-banks in retail payments
Regulatory oversight and legal frameworks struggle to keep pace

3. New payment developments
Leverage existing clearing and settlement systems
Chip and contactless technology
improved security features
cards and mobile handsets
Mobile
Developments rapid in developing countries
Stored value and remittances
P2P
Social networks participating in micro-payments
New payment developments

4. Increased participation of non-bank entities
Telecommunications industry and mobile
Will it be secure?
Who will regulate mobile banking? Mobile payments?
Alternative providers sharing technology to support payments

5. Regulatory oversight and legal frameworks unclear
Existing laws and regulations did not contemplate electronic or mobile payment environment
Inconsistent among payment channels
Gaps in oversight may create risk vulnerabilities
Complications for fraud prevention

6. Marianne Crowe, Vice President Federal Reserve Bank of Boston
Our panel today
Marianne Crowe, Vice President
Federal Reserve Bank of Boston
James Van Dyke, President and Founder
Javelin Strategy and Research