Payments On Fire
Episode 142 - Don’t Miss Out on Faster Payments, The Next Big Shift in Digital Payments - Russ Jones, Glenbrook Partners
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:08:49
- More information
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Synopsis
Faster Payments: Fundamental Tech for Payments Innovation Payments innovation comes in waves. And the wave that’s breaking on the U.S. - having swept over 50 countries around the world - is faster payments. Also referred to as Real-time Retail Payments (RTRP) these systems are fundamentally different from what’s come before: They are push payment systems They are new, systemically important domestic systems Risk and economic models are dramatically different than what’s come before They run 24/7 365 days a year. Go ahead, push money to and between accounts during your Sunday midnight snack Novel messaging and data formats open up new use cases and deep integration opportunities Most important, these are “clean sheet of paper” payment systems built for the Digital Age. Glenbrook has been working with these systems for over a decade. Our global experience gives us unique insight into how these systems are used and their real and potential impact on multiple stakeholders. Why This Course is For You If you are