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Podcast: Payments on Fire™
Episode: Episode 142 - Don't Miss Out on Faster Payments, The Next Big Shift in Digital Payments - Russ Jones, Glenbrook Partners
Description: 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...