The Truth About Faster Payments

"The need to innovate is central to the success of faster payments. A modern, open payments system provides opportunities to develop creative overlay services on top of the faster payment rails, built along modern open banking standards, ISO messaging and API-based services. Services such as request to pay, account aliases, P2P, payee confirmation and payments at POS enable new use cases we’re hearing about: bill pay, directory services, disbursement, wallet top-up, on-demand payroll, enablement of quicker shipments, merchant settlement, cash concentration, car dealerships, and title companies.

Faster payments innovation, overlay services, open banking, ISO messaging, APIs, request to pay, account aliases, P2P, payee confirmation, directory, emerging use cases

NYPAY is New York’s leading forum for innovators and leaders in payments and mobile commerce. NYPAY has been hosting evening events in NYC since 2006. These events replicate the best part of multi-day conferences: the ad-hoc conversations with interesting people you do not meet during your daily routine. To do this, we connect innovators and leaders from the payments industry and all it touches: issuers, merchants, networks, FinTech startups, regulators, and others. Moderator: Reed Luhtanen, FPC

Panelists:

Allison Baller, Federal Reserve (supported by Jenny Walkowitz)
Sergio Aguilar, Jack Henry (need his email)
Jim Colassano, TCH
tbd: Bank of America
"