Please join us on December 12, 2023, for the CAFP's annual lunch meeting at the Federal Reserve Bank of Richmond.
PRESENTER: Bernadette Ksepka, Vice President and Deputy Head of Product Management, Federal Reserve Financial Services (FRFS)
WHEN: Tuesday, December 12, 2023, at 12:00 p.m. EST for networking and plated lunch followed by the presentation from 12:15-1:15 p.m. EST (check in begins at 11:30am)
WHERE: Federal Reserve Bank of Richmond, 701 E. Byrd Street, Richmond, VA 23219
SUMMARY: In a recent Federal Reserve survey, consumers noted a variety of situations where they could leverage instant payments, including person-to-person transfers (57%), account-to-account transactions (32%) and last-minute bill payments (30%) (Source: https://fedpaymentsimprovement.org/wp-content/uploads/051823-consumer-research-brief-1.pdf). With the launch of the FedNow Service, organizations are stepping up to meet this demand by enabling instant payments. Join Bernadette Ksepka, Vice President and Deputy Head of Product Management at the Federal Reserve Bank of Boston, for this session where you will learn about FedNow functionality, use case opportunities, and research outlining the strong demand for instant payments among US businesses and consumers.
LEARNING OBJECTIVES:
1. Understand the value of instant payments for businesses and consumers
2. Become familiar with FedNow Service features, functionality, and updates following the July 20 launch
3. Learn about key use cases and opportunities for the future of the FedNow Service
COVID RELATED REQUIREMENT: By registering you agree to abide by all site related requirements (to be communicated) & agree to hold the site & CAFP Board and organization harmless.
SECURITY REQUIREMENT: Picture ID required, 11:30am-noon check in opens with Security (see important note below).
DIRECTIONS/PARKING: Federal Reserve Bank of Richmond
DIRECTIONS/PARKING:
Step A - Driving to Federal Reserve Bank of Richmond
From the South
Take I-95 North to Exit 74-A, Downtown Expressway (I-195). Take the Downtown Expressway to exit for Canal Street. Follow Canal Street to 5th Street. Turn left on 5th Street and continue approximately two blocks, crossing over Byrd Street. Proceed to Step B.
From the North
Take I-95 South to Exit 75 (64 East). Immediately take the 3rd Street Exit (also Coliseum). Follow 3rd Street to Byrd Street. Turn left on Byrd Street. Turn right on 5th Street. Proceed to Step B.
From the East
Take I-64 West to Exit 190, 5th Street exit. Follow 5th Street crossing over Byrd Street. Proceed to Step B.
From the West
Take I-64 East to Exit 186, Downtown Expressway (I-195). Take the Byrd Street/2nd Street exit. Follow Byrd Street and turn right on 5th Street. Proceed to Step B.
Step B - Parking
Note refreshed parking/entry info for this year: Make first left onto Bragg Street follow to second entrance on left into Federal Reserve Bank parking deck. Press the red button to announce yourself and Law Enforcement will pass you through the gate. After parking car, take elevator or stairs down to level P1 and exit. Note: elevator is located in the southeast corner of the parking deck and is accessible from levels P1‐P5 only. Parking is first come first served.
After exiting the parking deck, walk up 7th Street toward Byrd Street—Enter the main front entrance of the Bank. At the intersection turn right onto Byrd Street and you will see the front of the building. Keep walking until you reach the second gate to be checked in by Law Enforcement. At this point, Bank staff will be positioned to assist you with screening and escorting you to your destination.
Important Notes: All visitors must present a picture ID to Security prior to entering the building. All persons entering the building are subject to metal detection. When you exit the building and return to the parking deck, go to the double doors on Bragg St., and press the red button to the right of the doors for entry. FRBR security policy requires that all guests be escorted throughout their visit; escort will be available upon arrival in the Lobby, exit from Conference Center, and any early departures.
Also, the small lot on Byrd Street is closed. Please do not attempt to park there—as it is very cumbersome to navigate back to our parking deck.
Important Note: All visitors must present a picture ID to Security prior to entering the building. All persons entering the building are subject to metal detection. When you exit the building and return to the parking deck, go to the double doors on Bragg St., and press the red button to the right of the doors for entry. FRBR security policy requires that all guests be escorted throughout their visit; escort will be available upon arrival in the Lobby, exit from Conference Center, and any early departures.
All members are encouraged to bring a prospective member/guest.
Program Level: Basic
Intended Professional Level: Intermediate
Prerequisites: None
Advance Preparation: None
1.2 CPE Credit in the field of Management Advisory Services provided by VSCPA and 1.2 CTP/FPAC Credit provided by CAFP
Participation Requirements for CPE Programs
To receive CPE credit for participation in a CAFP training program, you must sign-in at the beginning and actively participate throughout the session. You will receive an email notification once the attendance record has been processed including instructions on how to access your CPE certificate.
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
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