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Real-time Payments: A new era of instant?
Publisher |
FIS
Media Type |
audio
Podknife tags |
Business
Fintech
Technology
Categories Via RSS |
Business
Investing
Technology
Publication Date |
Apr 01, 2021
Episode Duration |
00:26:17

Over the years, payment methods have evolved from slow to fast, to faster. Wire-transfers improved upon sending money via check, and same-day ACH sped up this process even more. But we’ve now entered the payment era of instant. With real-time payments, money can be sent instantaneously with the click of a button. But this immediacy means more than convenience--making payments in real time is revolutionizing our fractured financial landscape.

In this season of Financial Futures, we're exploring how real-time payments (RTP) are transforming the way money moves. From businesses to banks, to small players to global leaders, faster payments is changing the way we all send, request, and receive money, and the effects of RTP can be seen outside of your bank account.

In this episode, Chris Storbeck, Senior Vice President of real-time payments and strategic partnerships at FIS, breaks down what it actually means to send money in real time. We'll be asking Chris why businesses have been hesitant to switch to real time rails, and why they should...before it’s too late. 

We'll also talk about:

  • Where has our current payment landscape failed?
  • Why does payment speed really matter for businesses?
  • How can RTP change how businesses operate?
  • What are the costs of RTP?
Making payments in real-time isn’t just about convenience--it’s changing the way money moves for good.  In this episode, Senior Vice President of real-time payments and strategic partnerships at FIS Chris Storbeck introduces us to the vast potential of RTP and explains why businesses need to consider RTP before it’s too late.

Over the years, payment methods have evolved from slow to fast, to faster. Wire-transfers improved upon sending money via check, and same-day ACH sped up this process even more. But we’ve now entered the payment era of instant. With real-time payments, money can be sent instantaneously with the click of a button. But this immediacy means more than convenience--making payments in real time is revolutionizing our fractured financial landscape.

In this season of Financial Futures, we're exploring how real-time payments (RTP) are transforming the way money moves. From businesses to banks, to small players to global leaders, faster payments is changing the way we all send, request, and receive money, and the effects of RTP can be seen outside of your bank account.

In this episode, Chris Storbeck, Senior Vice President of real-time payments and strategic partnerships at FIS, breaks down what it actually means to send money in real time. We'll be asking Chris why businesses have been hesitant to switch to real time rails, and why they should...before it’s too late. 

We'll also talk about:

  • Where has our current payment landscape failed?
  • Why does payment speed really matter for businesses?
  • How can RTP change how businesses operate?
  • What are the costs of RTP?

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