Square Executives Dorsey, McKelvey to Keynote PAYMENTS 2010

Herndon, Va., Feb. 4, 2010 -- Twitter co-founder and Square CEO Jack Dorsey and Square chairman Jim McKelvey will be the keynote speakers at the opening general session of PAYMENTS, the annual conference of NACHA—The Electronic Payments Association. This session will take place at 9:15 a.m. Pacific on Monday, April 26, 2010, at the Washington State Trade and Convention Center in Seattle.



As the financial services industry starts investing again in innovation, the PAYMENTS conference provides unmatched access to and analysis of the newest developments in emerging technologies. Illustrating this point, the opening general session will offer an in-depth review of Square, the smart phone card terminal that allows individuals to accept credit card payments.



Dorsey and McKelvey will take questions from a panel of payments industry experts and respond to real-time tweets (Follow PAYMENTS at http://www.twitter.com/NACHA_PAYMENTS ). The speakers will share their insights on the Twitter phenomenon, Square, mobile payments, and what it will take to electronify the last mile.



The no-holds-barred approach to the session with expert panel interviews and audience-member tweets will ensure that the industry’s most pressing questions are answered.



“PAYMENTS educational sessions are designed to be on the cutting-edge of innovation, and it’s our goal for sessions to reflect the latest, most-discussed breakthroughs in the industry,” said conference chair Laura J. Listwan, AAP, CCM, senior vice president, U.S. Bank.



“Square certainly has generated a wave of supporters, skeptics, and critics alike, and in this keynote discussion, we’re providing an unparalleled opportunity to hear first-hand about the product from its creators and find out what it really means for payments.”

Square was born out of necessity and frustration, according to McKelvey. He could not sell a piece of his handcrafted glass artwork because he was unable to accept the customer’s preferred payment choice, and that lost transaction resulted in Square. The dialogue at the PAYMENTS opening session will provide insights into plans for the future of Square and the role it may play in the payments industry. This session also will be simulcast, allowing industry stakeholders worldwide to participate.



In addition to the opening session, PAYMENTS 2010 offers more than 125 educational sessions and workshops and features speakers from financial institutions, companies, government agencies, consulting and research firms, service providers, and more. Sessions are organized along seven tracks — Automated Clearing House (ACH), risk & compliance, payments biz, corporate payment solutions, check electronification, global focus, and card solutions.



Hot conference topics include ACH/check convergence, IAT and opportunities in international payments, mobile, P2P and B2B innovations, healthcare payments, social media and payments, prevailing risk management and security practices, and legal and regulatory developments.



To learn more about PAYMENTS 2010 sessions, workshops, speakers, sponsors, and exhibitors, or to take advantage of early registration discounts, visit http://payments.nacha.org .



Source: Company press release.