Don MacLeod, executive vice president at Wachovia Corporation, and Chuck Wade, Internet security expert, have been tapped by the Electronic Funds Transfer Association to deliver keynote addresses to the group’s Electronic Commerce Payments Council on March 14, 2002 in Charlotte, NC.
The Electronic Commerce Payments Council is a multidisciplinary working group dedicated to exploring emerging e-commerce payment models and issues. Approximately 40 organizations comprise the Council’s membership. The March 14 session is the Council’s first quarterly meeting of the year. Mr. MacLeod, also managing partner of the Wachovia Strategic Ventures Group, will speak on “Surviving the New Economy.” Wachovia Strategic Ventures ([www.firstunion.com/strategicventures]) has a total portfolio of greater than $150 million and makes strategic equity investments that support Wachovia Corporation’s technology initiates. Mr. MacLeod is a director of Arcot, Spectrum EBP, ProAct and TeamStaff.
An industry thought leader on authentication issues, Mr. Wade’s address is titled “Authentication Issues for Internet Payments: Whose problem are we solving?” He will examine Internet authentication in a broad context and address whether current industry efforts to fill the authentication void are meeting the real needs of consumers and retailers.
Representing one of the industry’s most talked about single sign-on authentication solutions, Ken Oestreich, senior business alliances manager at Sun Microsystems, Inc., will lead a session, “The Liberty Alliance and Network Identity.”
The Liberty Alliance, which advocates competition and consumer choice, is a multi-industry consortium organized to provide a universal, single sign-on password for consumers with decentralized authentication and open authorization. Its varied and fast growing membership includes AOL, American Express, Visa, MasterCard, United Airlines, Bank of America and GM. Michael Keresman, president and CEO at Cardinal Commerce, and Steve Ryan, vice president of corporate development at Arcot, will address the real-world issues of how industry-proposed and newly implemented authentication systems work for consumers, issuers, merchants, acquirers and infrastructure providers. Both companies are leaders in the implementation of authentication models, and their representatives will share their practical experience and outlook for the future.
Presenting an alternative Internet payment model will be Harold Williams, senior vice president of payment systems, at BB&T, who will discuss, “Project Action: Enabling ACH credits for Internet payments.” Project Action is a NACHA-sponsored program, still in the pilot phase, to develop an Internet payment product that combines financial institution authentication of consumers with guaranteed ACH credit payments. Mr. Williams serves as the Project Action’s vice-chairman.
Council participation is limited to EFTA members, but the Association welcomes industry representatives as guests at the upcoming meeting. For more information on the March 14 meeting, contact email@example.com. eCPC Co-chairs are Steve Klebe, vice president for strategic alliances, payment and risk, at CyberSource Corporation; Don Moehrke, principal, Moehrke & Healey, LLC; Rene Pelegero, director of global operations, Amazon.com, and Paul Tomasofsky, vice president for strategic business development, NYCE Corporation.
About the Electronic Funds Transfer Association
The Electronic Funds Transfer Association is a trade organization dedicated to the advancement of electronic payment systems and commerce. Approaching a quarter-century of service, the Association represents its members on a variety of issues of interest to the electronic payments industry, including privacy, security, electronic commerce, and compliance with federal regulations. It can be reached at its web site, [www.efta.org].