{"312871":{"#nid":"312871","#data":{"type":"event","title":"IMPACT Speaker Series: John Hayes of NOWaccount","body":[{"value":"\u003Cp\u003E\u003Cstrong\u003E\u0022Technology Innovation and Financial Services\u0022\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EJohn B. Hayes, founder and Chairman of NOWaccount, will speak at\u0026nbsp;\u003Ca href=\u0022http:\/\/ile.gatech.edu\/IMPACT.html\u0022\u003EGeorgia Tech\u0027s IMPACT Speaker Series\u003C\/a\u003E\u0026nbsp;on October 8, 2014. All are welcome to attend. \u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EBackgrounder:\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp class=\u0022Normal\u0022\u003EThe financial services industry plays a critical role in the global economy, both as an employer of people and an enabler of capital and transactions for consumers and businesses. The financial services industry is the infrastructure that allows all other businesses and governments to operate.\u003C\/p\u003E\u003Cp class=\u0022Normal\u0022\u003EThe financial services industry today is largely shaped by the technology that has enabled it both provide a dazzling array of new products and the very mass of the industry.\u0026nbsp;\u0026nbsp; Large banks with national branches could not exist without technology innovations in computers and data communications.\u0026nbsp; The ability to manage accounts on a phone could not exist without innovations in miniaturization of circuits, cell phones, and other technology.\u003C\/p\u003E\u003Cp class=\u0022Normal\u0022\u003EAtlanta plays an important role in one important aspect of financial services \u2013 the payments space.\u0026nbsp; It has been reported that two-thirds of the world\u2019s credit card payments are processed by companies headquartered in or near Atlanta \u2013 First Data, TSYS, Global Payments, Elevon, and a host of others are located here, as a result of both luck and policy decisions made by the state more than 30 years ago.\u003C\/p\u003E\u003Cp class=\u0022Normal\u0022\u003EJohn Hayes, an innovator in the financial technology space and 1971 ISyE graduate of Georgia Tech will talk about the role of technology innovation in the growth of the financial services industry.\u0026nbsp; He will use three case examples, the growth of branch banking, the credit card system, and the newly emerging trade credit system, to illustrate how specific technology innovations enabled the introduction of new products and growth in the industry.\u0026nbsp; He will talk about the difficulty of technology innovation in the highly structured and regulated financial industry and how these lessons apply to all industries.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003E\u003Cbr \/\u003E\u003C\/em\u003E\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EAbout the Impact Speaker Series:\u003C\/em\u003E\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003ESince 2002, the IMPACT Speaker Series has brought highly successful business leaders from a variety of industries to campus to share their experiences and give advice to students and other entrepreneurs on topics ranging from \u0022building a venture around intellectual capital\u0022 to \u0022successful entrepreneurship in large organizations\u0022 and \u0022socially responsible leadership\u0022. The weekly series provides Georgia Tech students, alumni and the Atlanta business community an opportunity to network and learn from successful entrepreneurs, venture capitalists, and notable business and non-profit leaders.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EThe series is free and open to the public, and reservations are not required.\u003C\/strong\u003E\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EChairman and founder of payment services firm to speak at Scheller College.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Chairman to speak on \u0022Technology Innovation and Financial Services\u0022"}],"uid":"27202","created_gmt":"2014-08-06 10:53:32","changed_gmt":"2017-04-13 21:22:12","author":"David Morton","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2014-10-08T17:30:00-04:00","event_time_end":"2014-10-08T19:30:00-04:00","event_time_end_last":"2014-10-08T19:30:00-04:00","gmt_time_start":"2014-10-08 21:30:00","gmt_time_end":"2014-10-08 23:30:00","gmt_time_end_last":"2014-10-08 23:30:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"hg_media":{"321211":{"id":"321211","type":"image","title":"John B. Hayes","body":null,"created":"1449245011","gmt_created":"2015-12-04 16:03:31","changed":"1475895032","gmt_changed":"2016-10-08 02:50:32","alt":"John B. Hayes","file":{"fid":"200106","name":"2014_john_hayes.jpg","image_path":"\/sites\/default\/files\/images\/2014_john_hayes_0.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/2014_john_hayes_0.jpg","mime":"image\/jpeg","size":9270,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/2014_john_hayes_0.jpg?itok=KRSEz0Ol"}}},"media_ids":["321211"],"related_links":[{"url":"internal:\/IMPACT Speaker Series","title":"http:\/\/ile.gatech.edu\/impact.html"},{"url":"internal:\/Institute for Leadership and Entrepreneurship","title":"www.ile.gatech.edu"}],"groups":[{"id":"1274","name":"Scheller College of Business"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"1795","name":"Seminar\/Lecture\/Colloquium"}],"invited_audience":[{"id":"78751","name":"Undergraduate students"},{"id":"78761","name":"Faculty\/Staff"},{"id":"78771","name":"Public"},{"id":"174045","name":"Graduate students"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EDori Pap\u003C\/p\u003E\u003Cp\u003E\u003Ca href=\u0022mailto:dori.pap@ile.gatech.edu\u0022\u003Edori.pap@ile.gatech.edu\u003C\/a\u003E\u003C\/p\u003E","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}