Federal Reserve Updates to Debit Routing Rule Overview

Thank you

On October 3, the Federal Reserve released clarification to Reg II, routing debit transactions. The final rule underscores that debit card issuers should enable at least two unaffiliated networks to process debit card transactions, including card-not-present transactions. MAG CEO John Drechny, MAG SVP of Public Affairs Beth Provenzano, and MAG Outside Counsel Owen Glist, Partner at Constantine Cannon, will discuss the Federal Reserve Board’s finalized updates to their rule regarding debit transactions and take your questions regarding this important development.

Learning Objectives:

Understand what the clarification means
Learn how the clarification will affect merchants and their customers

Who this webinar is best suited for:All Payments Stakeholders, including government relations and policy professionals

* Please note, this webinar is for current MAG merchant members.

Description

Understand what the clarification means
Learn how the clarification will affect merchants and their customers

Who this webinar is best suited for:
All Payments Stakeholders, including government relations and policy professionals

* Please note, this webinar is for current MAG merchant members.

Contributors

John Drechny | CEO - Merchant Advisory Group

John is CEO of the Merchant Advisory Group (MAG). As CEO, John helps MAG’s 140 plus merchant members to drive positive change and innovation in the payments industry, serving merchants’ interests through collaboration, education and advocacy.

Prior to joining the MAG, John enjoyed a 20-year career at Walmart holding various leadership positions in Payments Acceptance, Marketing and Financial Services. As part of the leadership of Walmart’s Payments team, John helped shape and implement a comprehensive strategy increasing the ease of payments in an omni-channel environment while ensuring Walmart could deliver on its brand promise of helping its customers save more so they can live better.
Beth Provenzano | SVP, Public Affairs - Merchant Advisory Group

Beth Provenzano is Senior Vice President for Public Affairs at the Merchant Advisory Group. In this role, Provenzano serves as the MAG’s spokesperson; directs communications strategy and outreach to the media; and leads advocacy efforts with policymakers and regulators.
Owen Glist | Attorney - Constantine & Cannon

Owen Glist is a partner in the New York office of Constantine Cannon. Mr. Glist joined the firm in 2006 and concentrates his practice on complex commercial litigation. He is an Adjunct Professor at Fordham University School of Law, where he teaches Legal Writing. Prior to joining Constantine Cannon, Mr. Glist was an associate at Kramer Levin Naftalis & Frankel LLP in New York City, where he worked on complex commercial and securities litigations, both at the trial and appellate level, as well as a number of governmental inquiries and internal investigations. Mr. Glist graduated, cum laude, from the Fordham University School of Law in 2001, where he served as a member and Senior Articles Editor on the Fordham Law Review. In 2002–2003, Mr. Glist clerked for the Honorable Denny Chin, United States District Judge for the Southern District of New York. Mr. Glist graduated from The Evergreen State College in Olympia, Washington. Prior to law school, he served for four years as an investigative officer for the Washington Commission on Judicial Conduct, conducting confidential investigations of judges accused of violating the Code of Judicial Conduct. Mr. Glist is admitted to practice law in the states of New York and Massachusetts. He is also admitted to practice before the Court of Appeals for the Second Circuit and the United States District Courts for the Eastern and Southern Districts of New York.

Thank you

Description

Contributors

John Drechny | CEO - Merchant Advisory Group

Beth Provenzano | SVP, Public Affairs - Merchant Advisory Group

Owen Glist | Attorney - Constantine & Cannon