Payments in Real Time

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...

Two Paths for Faster

The always-interesting Federal Reserve Bank Chicago Payments Symposium just closed, and predictably, a lot of the discussion (and argument!) was around “faster” – the evolving progress of the United States towards improvements in our payments systems. I was...

Really Big Questions in Payments

Glenbrook’s Allen Weinberg wrote a few weeks ago about his view of the Grand Challenges in payments…. a daunting list, and one I agree with.  But I want to extend his discussion on one of his challenges:  “Realigned value chain economics in a push payment world”, and...

What’s Next for US Payments

We’ve spent so much time the past several years obsessing about how mobile proximity payments would be deployed in the U.S. and the rest of the developed world. Now we know. This week, Apple Pay celebrates the first anniversary of its launch, and a new generation of...

Faster Now Faster?

Over the past few weeks I’ve had a chance to talk about the prospects for faster payments in the U.S. with representatives from both The Clearing House and the Fed.  Both groups, as I’m sure you know, are actively working the space: the Fed with its ongoing Payments...