Today's U.S. faster payments market is not the one we envisioned. In market for five-plus years now, RTP® and Zelle® laid the foundation of faster payments in the country but, as with most new payment systems, challenges inhibit adoption. Volumes in both networks have...
Time to Read: 3 minutes It’s truly remarkable how this decades-old, ANSI based, batch based payment method is slowly but surely finding renewed vigor in today’s world of “fast payments.” Clients at Glenbrook continue to inquire about how ACH can be leveraged for...
Given the coronavirus pandemic and its pressure on governments and individuals alike, Glenbrook’s Global Practice has been looking into how emergency social disbursements can be made quickly to the most vulnerable populations. This is not an easy task for a number of...
Georgia is a nexus of global payment processing and merchant acquiring activity. Some two-thirds of all U.S. purchase volume is processed there. That’s a lot of debit and credit card transactions. But what are those same companies doing to improve payments for the...
I’ve just returned from SIBOS 2017, the annual SWIFT convening of global transaction banks and all things associated with cross-border payment. And right now I’m in flight, heading to the payments industry grail otherwise known as Money 20/20 USA, getting ready to...
As the U.S. payments industry is preparing to enter another exciting phase as immediate funds transfer options come online, I’m thinking back to my interaction in the Fall of 2013 with the inquisitive team at Planet Money. Perplexed about why it took so long for the...
One of the payments obsessions here at Glenbrook is understanding the ways in which mobile payment and digital financial services are taking hold around the world. Once effectively limited to the early success of M-PESA and P2P payment in Kenya, today there are a...
It’s been just over two years since we first reached out and asked for your views on the question of faster payments. There have been a number of interesting developments in that period – the launch of FAST in Singapore, the announcement of the New Payments Platform...
It’s election time here in the United States and potentially big changes are ahead. Elections define the beginning and end of political eras. Walter Dean Burnham, the distinguished professor of American Politics, elaborated a theory of party change and...
This week, I began an important new assignment. I am now the CEO of the International Payments Framework Association (IPFA). If you haven’t yet heard of it, the IPFA provides rules, standards, operating procedures, and guidelines to improve cross-border payments. It’s...
