2019 ICBA Update on Faster Payments: Is It Time for Real-Time? | ICBA | 17 October 2019 | TBA

ICBA and the nation's community banks have long supported the Fed’s role in real-time payments, as illustrated in messages to policymakers, op-eds, ads and hundreds of ICBA and community banker comment letters to the Fed. ICBA looks forward to continuing to work with the Fed as it develops and implements its system to maximize access for community banks and the local customers and communities they serve.

Faster payments are in the news with the August 2019 announcement by the Federal Reserve to create the FedNow Service. This is a real-time settlement service for financial institutions to settle corporate and retail payments and related messages in real time. FedNow will operate alongside the private sector Real Time Payments (RTP) service by The Clearing House. This session will provide an overview of both services and pose strategic question for your bank to decide which service to offer and when to offer them.

Join this webinar to hear ICBA discuss:
• How RTP works
• FedNow
• How RTP can improve the customer experience
• What ICBA has done to continue the momentum on this issue
• Expectations moving forward
• What bankers should consider and plan for

2019 Speaker

PRESENTER:

Cary Whaley
First Vice President, Payments and Technology Policy, ICBA