22 NOV 2022 · The fastest-growing use case on the RTP network is real-time pay and earned wage access (EWA). To give you an idea of how fast it is growing, from Q1 to Q2 this year, Instant Payroll grew 104%! RTP, in particular, makes it possible for wages to be instantly sent to a worker’s bank account … so they can use it just like cash, on the same day to pay bills, buy groceries, or pay emergency expenses. So what is driving this trend? And is “instant” the future for all payroll? To answer these, and other questions about EWA and instant pay, this episode pf Payments Nerds features Genie Walden, Chief Innovation & Marketing Officer at DailyPay, a leading provider of on-demand pay solutions, and Doug McKinley, Head of Treasury Management Innovation within PNC Bank's Corporate & Institutional Banking group.

17 NOV 2022 · RTP, the nation’s newest payments rail, launched in November 2017 and is now celebrating its 5-year anniversary. RTP transaction volume continues to grow at an average of 10% each quarter, and dollar value also continues to grow at the same pace. There are over 280 banks and credit unions on the network, with more joining each week. And what is really interesting about the growth, is that it is coming from financial institutions of all sizes: more than 80% of RTP participants are from smaller FIs….under $10 billion in assets. Hear from Sarah Billings, who is senior vice president and group manager for PNC’s Payment Product, Operations and Strategy group, and Rusiru Gunasena, who is Senior Vice President, RTP Product Management and Strategy here at TCH, as they discuss the surprises RTP delivered during the past 5 years, what to expect on the RTP network as we look forward, and how real-time payments are now poised for rapid growth here in the United States.

28 JUL 2022 · Lithia Motors, one of the largest automobile dealers in the United States and owner of the Driveway.com used-car marketplace, recently started to send real-time payments to sellers on Driveway.com to help remove friction from the payment – which was traditionally done via check, ACH, or sometimes cash. Now, with real-time payments over the RTP® network, sellers can receive payment for their vehicle even before it leaves the driveway.   The result is a smoother sales process that removes the uncertainty with slower forms of payments and gets funds to the seller immediately. Lithia and Driveway are working with US Bank to send the payments over the RTP network.   Listen to George Hines, Senior Vice President, Chief Innovation & Technology Officer at Lithia Motors and Driveway.com, and Mike Jorgensen, Head of Emerging Solutions & Strategy at US Bank, describe how used car sellers are receiving real-time payments for their auto sales.  Listening on a desktop & can’t see the links? Just search for Payment Nerds in your favorite podcast player.

3 MAY 2022 · CHIPS,  the high-value payment system from TCH is highly efficient in its use of liquidity when compared to other major payment systems around the world, and effectively serves as the liquidity savings mechanism for the entire U.S. large-value payments system. It also underscores the nature of CHIPS as an early settlement system that reduces operational risk for participants, end users, and the financial system generally, and distinguishes CHIPS as a critical element of the nation’s payments infrastructure. Here from Jamie McAndrews, an economic consultant, and he is the CEO of TNBUSA Inc., and Richard Dzina, Senior Vice President, at The Clearing House, discuss how CHIPS more efficiently uses liquidity, which is a benefit not only to the banks on the CHIPS network, but also to the entire high-value payment system in the United States.

10 FEB 2022 · Real-time payments over the RTP® Network are helping to solve real-life business problems every day. In this episode of Payments Nerds, our speakers discuss real-time payments for corporate cards, which are commonly used by a company’s employees for a variety of expenses including corporate travel, inventory purchases, supplier payments, booking venues for events, and much more. But what happens when those cards need to be funded, or when a card reaches its limit, but a purchase still needs to be made? That’s where real-time payments over the RTP Network come into play, say our speakers from U.S. Bank and Mediaspace. They describe how real-time payments can help a business keep clients happy, help projects stay on track, and pay suppliers and business partners instantly. In this episode hear from Rich Benson, Vice President of Finance at Mediaspace Solutions, and Dan Skaggs, Vice President, Corporate Payment & Treasury Solutions at U..S Bank, about how real-time payments help to keep corporate cards funded. Want to hear more episodes like this? Find us on Apple Podcasts, Stitcher, and the Payment Nerd’s website. Listening on a desktop & can’t see the links? Just search for Payment Nerds in your favorite podcast player.

8 NOV 2021 · One of the most exciting enhancements to the RTP® network this year is the production availability of request for payment (RfP). For corporates, RfP provides a business with the ability to send a bill, along with the request for payment, directly to a customer’s banking app, so the customer can review the bill, and pay it all from the app. RfP allows bank and credit union customers to send payment requests to others over the RTP network. This is a game changer for the fragmented bill pay space, where some customers often have a lack of control when bills are paid. Customers sometimes pay through the bank’s app, some pay on the business’s website, some still pay by check, and others use third-party tools. Hear how Verizon is working with Citi and BNY Mellon to offer Verizon customers the ability to receive their bill in their Citi online or mobile experience, and pay it instantly or schedule it for a later time. Joining this episode of Payments Nerds is Andrew Haskell from BNY Mellon Treasury Services, Sant Srinivasan from Citi, and Attie Muse from Verizon. Want to hear more episodes like this? Find us on Apple Podcasts, Stitcher, and the Payment Nerd’s website. Listening on a desktop & can’t see the links? Just search for Payment Nerds in your favorite podcast player.

23 AUG 2021 · Recently, the RTP network has started to grow quite rapidly. Currently, there are about 138 financial institutions on the network and over 100 of those have joined in just the past 12 months. Banks and credit unions that haven’t joined yet tend to see the value in real-time payments. They just haven’t figured out their full real-time payment strategy yet, and naturally, they have a lot of questions. To answer those questions, we’ve invited John Sullivan, EVP/Director of Digital & Technology Strategy at BankNewport, on to the show to share his firm’s experience of joining the RTP network. We discuss: -Why BankNewport decided to joining the RTP network -What the implementation process was like -The value of being a member -Types of transactions sent through the network -Lessons learned through the process Want to hear more episodes like this? Find us on Apple Podcasts, Stitcher, and the Payment Nerd’s website. Listening on a desktop & can’t see the links? Just search for Payment Nerds in your favorite podcast player.

30 JUL 2021 · Sports wagering is exploding in popularity since the Supreme Court decision in 2018 to allow it in the US. And that explosion is fueled by the power of real time payments. To learn more, we invited David Roe, Chief Operating Officer at Mazooma, and Laura Listwan, SVP, Head of Commercial Payments Products at Fifth Third Bank, onto the show. David and Laura have been instrumental in pioneering the sports wagering use case for RTP. In this episode, we discuss: Why real time payments are so important in sports wagering How customer retention and experience is impacted by instant withdrawals Why educating consumers about the benefits of RTP was the biggest hurdle for Laura and David

11 MAY 2021 · Most people only think about payments when sending or receiving money, but behind the scenes, as many #paymentnerds know, there’s a number of moving parts in the payment process. Rachel Pike, Chief Growth Officer at Modern Treasury, guides us through the roadmap of the payment lifecycle to discuss: The evolution of real time payments (RTP) Delivering a delightful customer experience RTP system’s biggest challenges What's next for RTP OPTIONAL: Check out these resources we mentioned during the podcast: Rachel Pike, Chief Growth Officer at Modern Treasury Want to hear more episodes like this? Find us on Apple Podcasts, Stitcher, and the Payment Nerd’s website. Listening on a desktop & can’t see the links? Just search for Payment Nerds in your favorite podcast player.

23 DEC 2020 · Across America, the need for at-home banking has risen, along with the need for real-time capabilities. As more Americans have taken a hold of their finances, more financial services are moving the needle faster than ever before to meet customer expectations of 24/7/365 control and access. Carlos Rotger & Steven Bernstein were guests on the Payments Nerds podcast, talking specifically about a digital savings product utilizing the RTP® network that has evolved between their two companies.  In this episode, we talk all about:  Why consumers are using this product and vocalizing their needs How J.P. Morgan Chase & Digit work together to make this happen The search for electronification and instantaneous payments today How instantaneous payments have eternally shaped financial services  Find this interview and many more by subscribing to Payments Nerds on Apple Podcasts, on Spotify, or on our website.