BOSTON, May 15, 2017 (GLOBE NEWSWIRE) -- Flywire director of global payments, Mohit Kansal, will participate in a panel discussion on the future of payments at the 2017 New England Association of Financial Professionals (AFP) Conference taking place May 17-19 in Boston at the Seaport World Trade Center. Kansal will share his views on the impact of new payment technologies on current payment models and key constituents including banks, technology providers and end-customers. He’ll be joined on the panel by executives from Bank of America/Merrill Lynch and Celent.
New England AFP is a nonprofit organization focused on providing and maintaining a forum for the active and open exchange of ideas, concepts and techniques related to treasury management. The organization provides educational information and supports AFP’s legislative efforts for the purpose of maintaining proper treasury management controls and regulations.
The annual New England AFP Conference offers the opportunity to engage and network with financial professionals in all sectors and industries to obtain valuable insights on the most contemporary discussions around government regulations, investment strategies, asset management, and more.
Session Details:
The New Payment Technologies –
Are the New Kids on the Block Going to Push Aside Today’s Payment Models?
Wed., May 17, 10:30 – 11:45 a.m.
The abundance of news these days about the promise of exciting new advances in payments technology such as blockchain, APIs, and real time payments, has caused many to speculate that today’s older payment technologies are headed for obsolesce. With the impact of millennials demanding ultra-convenience and mobile everything, it is reasonable to imagine the best solution is to start fresh. Not so fast. Traditional payment processing is the backbone of $73T+ in world commerce – and will not change overnight. What the next generation of payment models will encompass is a blend of the old and the new. This session will share perspectives on which new payment models will make the cut and which will be historical footnotes. And how banks and organizations are planning ahead to strategically blend the old and the new.
Panelists:
Colin Kerr, Bank of America Merrill Lynch
Mohit Kansal, Flywire
Patricia Hines, CTP, Celent
About Flywire
Flywire is a leading provider of international payment solutions, connecting businesses and institutions with other businesses and consumers on six continents. Introduced six years ago as a way for international students to pay their tuition for studies abroad, Flywire is now used by over 1,300 organizations across 18 countries around the world. The company processes billions in payments per year from 220 countries and territories, via bank transfer, credit card and e-wallet solutions, in over 120 different local currencies. Convenient, fast and secure, Flywire’s scalable platform provides currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. The company also supports its clients with end-to-end customer support including multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking.
Flywire is headquartered in Boston, MA with international operations in London and Manchester, UK; Shanghai, China; Tokyo, Japan; Singapore; Sydney, Australia; and Valencia, Spain. For more information, visit www.Flywire.com.