As real-time payments continue to grow and evolve, the convenience for businesses and financial institutions is already well known. However, when making the case for real-time payments internally, questions must be answered, such as: how can revenue be generated? And what are the benefits (beyond just being faster)?
In this ICBA-hosted panel discussion, Dan Gonzalez, Vice President, and National Account Director, at Federal Reserve Financial Services, and Mark Majeske, SVP, Faster Payments at Alacriti, discuss:
- The business case for why instant payments should be adopted now instead of waiting
- The latest updates on the FedNow® Service
- The ROI of real-time payments
- What community banks should know about operationalizing and monetizing instant payments
- How community banks can educate and promote instant payments to customers
- Lessons learned from financial institutions that have already connected
