Innovation, Fragmentation in Cross-border and Real-time Payments

by Elizabeth McQuerry | Oct 22, 2017

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...

Now What? Immediate Funds Transfer in the U.S.

by Elizabeth McQuerry | Mar 10, 2015

The Federal Reserve’s recent announcement that it would not build a new payment rail for processing faster payments created some disappointment for many who are unsatisfied with our country’s current payments system capabilities. In a welcome move, The Clearinghouse...

The Fed Gets Some Mojo?

by Carol Coye Benson | Jun 23, 2014

Faster Payments May Get Here Faster than We Thought Some of you may know that I’ve been an ardent advocate for a faster-payments infrastructure in the United States. I’ve been closely following the Fed’s process towards payments system improvements. On Thursday in San...

It’s Not About Payments

by jayd | Jun 12, 2014

I just attended NACHA’s Council for Electronic Billing and Payments and I’ve come away with an even firmer opinion that this payments business I’m in isn’t about payments. It’s about data. A retail payment transaction has the potential to throw off a lot...

Same Day ACH – A Step (or Lurch) Ahead

by Carol Coye Benson | Mar 25, 2014

NACHA recently announced plans for a phased introduction of same-day settlement for ACH.  I spoke with NACHA President and CEO Jan Estep this morning about the initiative. First of all, I congratulate Jan – and the ACH community – for picking up the fallen banner, for...