Payments Hot Tip: Plan your instant payments path.
“Instant payments are not going anywhere. The question is, ‘When do you want to join?’
Strategy is really important. Particularly as you look at send capabilities, you have to plan. Do research and talk to your peers. Find out what they like and dislike about each solution. Once implemented, plan for odd eventualities and determine if you need to lower thresholds to manage risk more effectively.
Also make sure you have really good communication with your instant payments provider, so you immediately learn of any developments that warrant your attention.”
-- David Payne, AAP, CIA, CFSA, Senior VP, Payments Risk & Compliance
For more information to help prepare you for the future of instant payments, join our August 11 SFE Member Complimentary Workshop, “Instant and Faster Payments: RTP® & FedNow®.” Taking place in Ridgeland, Mississippi, from 1PM– 4PM CST, speakers from the Federal Reserve, The Clearing House, and Alacriti will provide clear, actionable insights and work through business use cases for those in attendance to confidently navigate FedNow, RTP, and the future of faster payments.
