Faster Payments

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.

Join Glenbrook's Bryan Derman and Carol Coye Benson for an expert “deep dive” into what’s happening – what’s not, and what the issues are.


Attend

Upcoming Session

  • New York, NY - April 20, 2017

All of Glenbrook's Payments Insight Workshops are available as private workshops or webinar series.

Questions? 
Glenbrook's Russ Jones is the program manager. 

Russ Jones

Workshop Topics

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