Faster payments is gripping the US.
PSPs, clearing houses and banks are all in earnest discussion about how best to leverage the emerging faster and real-time payment mechanisms currently being offered by the likes of Venmo, Zelle, The Clearing House (TCH) and technology providers.
In a poll recently conducted during a recent bobsguide webinar, it was revealed that two clear camps have emerged - the early adopters and those planning to "wait and see".
In a debate between ACI Worldwide’s director of digital channels solutions, Kevin Patton, and George Throckmorton, managing director, Advanced Payments Solution Group, NACHA, the two weighed in with their take on the pros and cons of faster payments. They also discussed what they predict the new revenue streams an API culture will create in the US payments space.
Listen to the full webinar here.