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Session 6: Global Pocketbooks and Payments
Sunday, 3:45- 5:00 pm, Cook
How is information technology affecting globalization trends? How is IT revolutionizing how we do business? What are the risks and opportunities? This conference session will discuss the global electronic payments, prospects for adoption of new payment technologies, and the implications for cross-border economic growth.
Sponsored by the NABE Technology Roundtable
Session Downloads
Peter Burns, Consumer Electronic Payments: The US Experience in a Global Context (slides)
William Witherell, International Rules of the Game for Electronic Commerce (slides)
Links of Interest
FRB Philadelphia Payment Cards Center
Fed: Check Clearing for the 21st Century Act
OECD Financial and Enterprise Affairs
Speakers
Christopher Swann
Global Insight
Technology Roundtable Chair
presiding
Peter Burns
Vice President and Director of the Payment Cards Center
Federal Reserve Bank of Philadelphia
Mr. Burns joined the Federal Reserve Bank of Philadelphia in November 2000 and is responsible for the development and management of the Payment Cards Center.
From 1996-2000 he was managing director of the Financial Institutions Center at the University of Pennsylvania's Wharton School and continues to serve on its advisory board of directors. Mr. Burns has an extensive background in the financial services industry, having held a number of senior management positions during a 25-year career with CoreStates Financial Corporation and its predecessor, Philadelphia National Bank.
Mr. Burns received an AB degree from Lehigh University and an MBA in Finance from the University of Chicago's Graduate School of Business.
William Witherell
Director for Financial and Enterprise Affairs
OECD
Dr. Witherell joined the Secretariat of the Organization for Economic Cooperation and Development (OECD) in 1977 and since 1989 has been Director for Financial, Fiscal and Enterprise Affairs – recently renamed Financial and Enterprise Affairs. In that position he manages the Secretariat teams responsible for OECD activities in the following policy areas: financial markets, corporate governance, international investment and multinational enterprises, competition law and policy, insurance and pensions, bribery and anti-corruption, privatization, insolvency reform and, prior to January 2004, tax policy and administration. The Secretariat for the Financial Action Task Force (on money laundering) -- a separate institution -- is also part of his Directorate. He represents the OECD in the Financial Stability Forum.
Dr. Witherell, a U.S. citizen, is a 1963 Graduate of Colby College and holds an M.A. (1965) and a Ph.D. (1967) in Economics from Princeton University. Dr. Witherell began his career as a business economist with Exxon and Esso Eastern (1967-73), where he held positions in the economics, treasury and corporate planning functions. He moved to the international economic and financial relations field in 1973 with positions first in the U.S. Department of State (under the President's Executive Interchange Program) and then in the Department of the Treasury (1974-77) as Director of the Office of Financial Resources and Energy Finance.
