The Potential for (Much!) Faster Payments in the U.S.

I’m at the Kansas City Federal Reserve Bank’s conference on Consumer Payment Innovation.  Bruce Summers, Former Director, Federal Reserve Information Technology, just finished presenting a major paper on payments system infrastructure and the Fed’s...

Reflections on NACHA Payments 2011

Got back this morning after a whirlwind two days in Austin for NACHA Payments 2011. I was in briefings or meetings nearly the whole time, so I barely attended break outs and skipped all of the general sessions, but here are my reflections based on my observations,...

The End of Interchange – Redux?

Last June, in an article titled “The End of Interchange”, I wrote about the then yet to be passed Durbin amendment – and how it might affect debit interchange fees. Earlier today, we got the first glimpse. The point of my earlier article was focused...