Keep pace with the rapidly evolving fintech industry by subscribing to the BIGcast Network. Get weekly insights from industry leaders John Best and Glen Sarvady, delivered straight to your preferred podcast platform. Join our community and stay informed about the latest trends shaping the credit union industry. Subscribe today and ensure you’re always ahead of the curve.
Payments – Then and Now
Glen unearths nuggets from the latest Federal Reserve payments data with the help of author, retired Fed exec and Payments OG Rich Oliver. Also- bizarre notions swirling around the insured deposit limit.
Links related to this episode:
The 2022 Federal Reserve Payments Study: https://www.federalreserve.gov/paymentsystems/fr-payments-study.htm
The Fed’s Check Sample Study: https://www.atlantafed.org/-/media/documents/rprf/publications/check-sample-survey/2023/05/05/2021-survey/report
“The Story of Payments” by Richard Oliver and George Warfel, Jr: https://www.nacha.org/content/story-payments
Gallup’s poll on consumer attitudes of deposit safety: https://news.gallup.com/poll/505439/half-worry-money-safety-banks.aspx
SoFi’s “FDIC Insurance Network”: https://investors.sofi.com/news/news-details/2023/SoFi-Checking-and-Savings-to-Offer-Access-to-Up-to-2-Million-in-FDIC-Insurance/default.aspx
A Belated Christmas Gift: New Fed Payments Data Blog: https://www.big-fintech.com/Media?p=a-belated-christmas-gift-new-fed-payments-data
Check out the Best Innovation Group’s latest offering, BIG Support 365. Our expert technicians integrate seamlessly with your existing teams, relieving them of monotonous server administration tasks and allowing your staff to focus on high-priority, member-centric initiatives: https://www.big-fintech.com/Products-Services/BIG-Support-365
Follow the Best Innovation Group on LinkedIn: https://www.linkedin.com/company/best-innovation-group/
Follow Glen on Twitter @154Advisors
Follow John on Twitter @jbfintech