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Welcome to another episode of Wrestling Payments.
In this episode of Wrestling Payments, host Joe Casali dives into the transformative world of faster payments, focusing on the development and implementation of instant payment systems in the U.S. and globally. Casali discusses the journey from traditional ACH payments to the more advanced Real-Time Payments (RTP) and FedNow systems, highlighting the technological advancements and the growing adoption of these faster payment methods.
Joe explains the benefits and challenges of implementing faster payments, emphasizing the need for financial institutions to educate themselves and their teams about the nuances of these systems. He shares insights into the regulatory environment, technological requirements, and the critical role of understanding standards like ISO 20022 in ensuring seamless payment processing.
The episode also explores the practical implications for consumers and businesses, illustrating how faster payments can enhance liquidity, reduce settlement times, and improve overall financial efficiency. Casali's engaging storytelling and expert insights make this a must-listen for anyone interested in the future of payments.
To hear this episode and many more like it, listen here or subscribe to Wrestling Payments on Apple Podcasts, Google Podcasts, Spotify, or anywhere else you listen to podcasts.
For show notes, transcripts, and other resources visit www.wrestlingpayments.com.
Host: Joe Casali, EVP, NEACH
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