Since 2006, Wells Fargo has sponsored the Global Payments Advisory Group (GPAG), a forum for premier international financial institutions to meet and talk about issues affecting their industry. More than 1,000 participants from more than 400 international banks in more than 85 countries now participate in GPAG. 

GPAG is a forum for international business leaders with expertise related to financial institution and payment industry direction, with the objective to conduct dialogue and share strategic input between group members.

GPAG meets periodically via teleconference and once a year in person during the GPAG Annual Conference in San Francisco, California. Wells Fargo also hosts annual regional events in APAC, EMEA, and the Americas. The GPAG Annual Conference provides a unique opportunity for group members to connect with one another and participate in high level discussions on the topics and issues facing the payments and global banking industry. Our 2019 Annual Conference, which was our 10th annual, saw more than 59 group members participate.

Since its founding, GPAG has continued to grow each year in terms of providing a forum for engagement and industry leadership discussions. GPAG members are comprised of senior level executives and management whose knowledge and experience contribute to the overall dialogue in highly meaningful ways.

Global Payments Advisory Group 2021 Annual Conference – Virtual Edition

Proposed dates: June 7 – 14, 2021

Global Payments Advisory Group (GPAG) is a forum hosted by Wells Fargo for financial institutions business leaders to conduct dialogue and share strategic input on payments and the overall banking industry. The forum aims to share knowledge of global payments and financial institution industry issues and best practices, and provides thought leadership on innovation, risk, the regulatory environment, and transaction banking.

In the past, we have hosted the GPAG Annual Conference in San Francisco. Due to the COVID-19 pandemic, this year’s conference will once again take place in a virtual format. Instead of full-day conference sessions, GPAG 2021 Annual Conference will consist of five 90-minute sessions. In order to accommodate multiple time zones, the conference will offer the sessions convenient for participants in the Americas, EMEA, and APAC regions.

Features

  • 90-minute sessions held at convenient regional times with live Q&A
  • Sessions will be recorded and stored on the Virtual GPAG website
  • Registrants will have access to recorded sessions for up to 30 days
  • Dedicated web page – Single point of access to live stream webcast, recordings, breakout sessions, and program outline

Agendas

In 2021, Wells Fargo has planned a number of webinars covering the latest industry topics and trends. Below please find the proposed dates. Details will be forthcoming.

Americas/EMEA

  • Thursday, March 11, 2021
  • Thursday, April 8, 2021
  • Thursday, May 6, 2021
  • Thursday, September 9, 2021
  • Monday, October 11, 2021  (Sibos 2021 Meet the Experts Session)
  • Thursday, December 9, 2021

APAC

  • Friday, March 12, 2021
  • Friday, April 9, 2021
  • Friday, May 7, 2021
  • Friday, September 10, 2021
  • Monday, October 11, 2021  (Sibos 2021 Meet the Experts Session)
  • Friday, December 10, 2021

New USD payment cut-off times effective March 8, 2021

Beginning March 8, 2021, the Federal Reserve Bank Fedwire and The Clearing House CHIPS USD clearing systems will extend their end of day cut-off and settlement times for wire payments. To better support our clients, we will extend our USD cut-off times on that same date. The table below summarizes our new cut-off times. The same cut-off times apply to wire payments that are originated via SWIFT, CyberPay, FED/CHIPS origination, or file data transmission.

Payment instructions receipt cut-off times:

Payment type
Cut-off times *
Market clearing cut-off times**
Book transfer
18:30
Not applicable
STP CHIPS
17:45
18:00
STP Fedwire
18:30
18:45
Repair CHIPS
17:30
18:00
Repair Fedwire
18:15
18:45
SWIFT gpi directory
18:00
Not applicable

* Wells Fargo recommends that its clients ensure that payment instructions are received by Wells Fargo by the stated cut-off times. Payment Instructions received after the cut-off times will be processed on a commercially reasonable best-effort basis.
**All times quoted in U.S. Eastern Time