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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:

  1. Understand what the clarification means
  2. 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

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:

  1. Understand what the clarification means
  2. 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 has been CEO of the Merchant Advisory Group (MAG) since 2019. As CEO, John helps MAG’s merchant members drive positive change and innovation in the payments industry, serving merchants’ interests through collaboration, education, and advocacy. Under John’s leadership, the MAG has grown considerably and launched new efforts includingTech Forum, MAG International, and Merchant Payments self-directed eLearning series.

    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.

    In addition to his work at the MAG and Walmart, John has participated in many cross-functional payments industry groups including the Faster Payments Council and U.S. Payments Forum, where he has held Board positions. John also speaks at many of the payments industry’s key events. Industry stakeholders have recognized John for his ability to collaborate, find common ground, and drive positive outcomes from opposing views.

    John attended Northern Illinois University in DeKalb, Illinois, where he received his bachelor’s degree. He currently lives in Venice, Florida.

  • 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.

October 19, 2022
Wed 12:00 PM CDT

Duration 1H 0M

This live web event has ended.

Support Contact
learningcenter@merchantadvisorygroup.org