Education

Insight Workshops

FASTER PAYMENTS

Faster payments are happening all around the world – and even (to some extent!) in the United States.

What are we talking about? The ability of a person or a business to send money immediately – in real time – to another person or business, using either a bank account or, in some cases, a non-bank payment account.

It sounds simple, but there is a lot behind it. We’ll look at the mechanics of different models and examine how it would impact banks, non-bank payments services providers, and their customers.

  • Glenbrook's Payments Education Program is useful both for experienced managers, who often want to be updated on what’s happening in areas outside of their immediate domain, and for newcomers, who need a broad overview of the U.S. payments systems to create a context for their work.

  • Network with your peers
    Payments Boot Camp and workshop attendees enjoy opportunities to connect with other people in the industry, as well as with the Glenbrook team. Most two-day events have a networking reception at the end of the first day, and there are always chances to network during lunches and breaks.

  • Over 14,000 payments professionals have attended Glenbrook workshops. Attendees have included product, strategy, and sales managers, technology, operations, and risk managers, investors, inventors, and analysts, management teams from payments startups

Agenda

1. Introduction

  • What we mean by “Faster Payments”
  • Push models and their implications
  • Pull models and their implications

2. Faster Payments Building Blocks

  • Design questions – Rails vs. Rules, Directories, Aliases, and ISO 20022
  • Use of building blocks in developing vs developed world
  • Faster Payments fit against payments use cases

3. Global Examples of Working Systems

  • Country specific examples – Japan, Australia, Singapore, South Africa, Canada, Peru, and Sweden
  • Case Studies – SPEI (Mexico), Faster Payments (UK), M-Pesa (Kenya)

4. Faster Payments Enablers

  • Who We’re Watching – FundTech, Vocalink, EBA Clearing, SWIFT, and Ripple Labs, card networks “send money” capability
  • Case Study – International Payments Framework Association (IPFA)

5. Perspectives on the U.S. Market

  • NACHA – Same Day ACH
  • The Clearing House – Real-Time Payments Initiative
  • Federal Reserve – Faster Payments Roadmap
  • Who We’re Watching – Yantra, Dwolla, PayPal, Venmo, Square Cash, Google Gmail, FIS Paynet, Fiserv PopMoney, clearXchange
  • Issues and implications for U.S. Market

6. Rise of Messenger Platforms

  • Real-time payments and messaging
  • Who We’re Watching – Whatsapp, LINE Pay, SnapChat, WeChat
  • Case Study – Facebook Messenger

7. Bitcoin Alternative

  • Global real-time processing rails
  • Examples by payment domain