Getting Direct About ACH
A pair of conversations from last week’s Smarter Faster Payments conference- Glen’s annual check-in with Nacha CEO Jane Larimer, and PASA CEO Ghita Erling shares insights on modernizing South Africa’s payment system through collaboration rather than mandate. Also- AI shopping agents, Uber discovers paper, and the vultures swirl around checks.
Executive Order to Eliminate Checks Isn’t Worth the Paper it’s Printed On
The number of Executive Orders emerging from President Trump’s Oval Office has been unprecedented. Many have been far-reaching and, in the eyes of some, over-reaching. Others have been just… weird. March 25’s EO mandating that the Federal Government cease issuing paper checks falls in the latter category.
No Day of Rest for Payments on Sunday
Glen speaks with Nacha’s Stephanie Prebish and Devon Marsh about the upcoming Smarter Faster Payments conference in New Orleans, as well as Same Day ACH’s remarkable sustained growth and the rising tide that lifts all riverboats. Also- First reflections on Americas Credit Unions’ leadership change, and… No Tariff Talk!
Zelle Hits a Trillion, Same Day ACH Says “Hold My Beer”
A flurry of year-end data provided valuable insight on the state of faster payments in the US and prompted some organizational chest-thumping. It also breathes new life into the question, “how fast is fast enough?”
Making Sense of FedNow’s Data Dump
Almost precisely sixteen months after launching its long anticipated network of instant payment rails, in late November the Federal Reserve finally shared volume metrics for its FedNow service. While a welcome addition to our understanding of the landscape, the data is of the “glass half full/half empty” variety, and so far raises as many questions as it answers.
Can Instant Payments Accelerate?
Glen connects with Payfinia CUSO General Manager Keith Riddle and Star One Credit Union’s EVP of Operations Minal Gupta about the newly minted CUSO aiming to streamline CUs’ provision of instant payment services. Also, newly released FedNow data reveals some unexpected twists.
Onboarding and Offboarding at Money 20/20
Glen’s annual Money20/20 highlights include a detailed update from Paze’s Head of Operations Catherine Murchie, a conversation with Allen Osgood, the founder of featured startup Eisen, and first-person reflections on CFPB Director Rohit Chopra’s unscripted comments regarding the agency’s personal data rights rule.
Deliberating Debit, Contemplating Credit
Glen speaks with Jessica Heuer and Carrie Stapp about Velera’s recent Psychology of Payments study and strategies for engaging various segments of card users. Also- Durbin and Putin attempt workarounds, and Fiserv wades into uncharted waters.
The Way We Pay Today
Glen speaks with the Atlanta Fed’s Claire Greene about takeaways from the latest Survey of Consumer Payment Choice- including card’s dominance, mobile’s ubiquity, BNPL’s ascent and cash’s resilience. Also, the NY Times offers an unexpected backstop for the paper check.
Hitting Fifty, Still Gaining Speed
s with Nacha CEO Jane Larimer onsite at the recent Smarter, Faster Payments Conference- which managed to remain forward-looking while celebrating the 50th anniversary of the ACH network. ValidiFI’s Shawn Princell makes a case for the groundswell in Pay By Bank interest, and a resigned disdain for checks seems to permeate the humid Miami Beach air.