Global payments conference will address regulatory challenges

A PayPal executive will address how government regulations challenge the payment industry's efforts to innovate during the upcoming Global Payments Strategies Conference. Dan Schatt, PayPal's general manager of financial innovations, will be the keynote speaker on December 5, 2012, when the two-day conference opens in Miami, Florida. The Electronic Payments Association, also known as NACHA, said senior level payments and treasury management executives make up the primary audience for the event. "Both regulatory and technology changes continue to dramatically impact the payments environment," said Janet Estep, NACHA president and CEO. "In this changing environment, organizations of all types are reaching out to each other in new ways to determine how to best meet demanding customer needs." The conference gives those individuals most responsible for developing and executing global payments and commerce strategies a chance to meet with other experts in the industry, as well as government and regulatory groups. Schatt's  responsibilities include executing the business and product strategy for PayPal  initiatives. NACHA manages the ACH Network, which provides electronic payments and data for businesses, consumers and government agencies in direct account-to-account transactions. The organization estimates it  facilitates billions of ACH and direct payments annually.