Will Pay By Bank Run FIs Off the Rails?

Glen connects with Paylume’s Andrew Gomez to unpack the burgeoning pay by bank model, explore lessons learned from other countries’ rollouts, and consider the pros and cons facing banks and credit unions. Also- a possible open banking do-over, more stadium naming rights, and resisting the urge to spike the ball before the goal line.
 
Links related to this episode:
 
Andrew Gomez/Paylume: https://www.linkedin.com/in/r-andrew-gomez/
 
Nacha’s Remote Connect, June 6-9: https://payments.nacha.org/remote-connect
 
Part One of our Nacha Payments conference coverage: https://www.big-fintech.com/getting-direct-about-ach/
 
CU Daily’s coverage of a positive sign for CUs’ tax exemption: https://thecudaily.com/in-victory-for-credit-unions-cu-tax-exemption-not-targeted-in-committees-bill
 
The recent CU Town Hall on which we debated implications of the tax exemption: https://www.cutownhall.com/
 
Bloomberg Law’s coverage of potential Open Banking (Section 1033) reconsideration: https://news.bloomberglaw.com/banking-law/cfpb-plans-to-revisit-open-banking-rule-despite-workforce-cuts
 
BECU’s partnership with the WNBA’s Seattle Storm, one of several recent naming rights deals: https://storm.wnba.com/news/storm-announce-becu-as-partner-for-performance-center 

Join us for our next CU Town Hall- Wednesday May 21 at 3pm ET/Noon PT– for a live and lively interactive conversation tackling the major issues facing credit unions today. This session will feature a round robin on the countless recent regulatory twists and turns. The Town Hall is free to attend, but advance registration is required:  https://www.cutownhall.com/ 

Join us on Bluesky! 
@bigfintech.bsky.social
@154advisors.bsky.social (Glen)
@jbfintech.bsky.social (John)

And connect on LinkedIn for insights like the Friday Fintech Five:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/