Todd McGuire - Senior Expert

Todd McGuire is a recognized expert in payments operations, including check processing, ACH, cash management, and remittance processing. He has expertise in payments systems strategy, payments profitability, and cost benefit justification modeling. Mr. McGuire excels at developing performance statistics that aid in understanding the interdependencies between functional areas within item processing, thereby detecting potential process improvements.

Mr. McGuire has provided consulting services to a variety of clients including major banks in the US, Canada, Continental Europe, and UK, technology vendors and payment associations. Examples of his payment systems consulting engagements include:

• Performing a strategic analysis of a major banks revenues, costs and profits stemming from payment systems including an understanding of the impact of industry changes.
• Implementing performance measurement methodology and report design at a major bank that consolidated its information reporting and expanded the breadth of its performance reporting.
• Development of transaction processing and payment services strategies for major US banks, including strategies for conventional and image check processing, electronic transaction processing, payment migration and transaction processing platform evolution.
• Benchmarking studies of check processing, ACH and cash management operations in the US, UK and Canada.
• Feasibility study for imaging in the research & adjustments area for a variety of banks.
• Best practices review of research and adjustments operations at leading banks.
• Development and business case modeling of a state-of-the-art adjustments system with a major vendor and its development partner banks.
• Application of advanced modeling and simulation techniques to payment operations at several major US banks to optimize staffing and performance
• Performing a cost benefit analysis to investigate the feasibility of consolidating regional operations centers into a single location for a multi-regional bank.
• Modeling the volume and transportation impacts of various potential strategic decisions within multiple-item processing regions of a major institution.
• Reviewing multiple functions to delineate best practice at leading US banks; best practice implementations have led to strategic workflow changes and process redesigns.
• Conducting multiple research studies on potential new ACH products and their market size
• Aligning and contrasting the US McKinsey Payments Map with the McKinsey European profit pools to understand the differences in payments profitability across global regions
• Assessing the impact of SEPA on the existing payments landscape in Europe

Mr. McGuire is a graduate of Grinnell College in Grinnell, Iowa, where he obtained a bachelor’s degree in Mathematics.