There is so much going on in the payments space today – mobile, digital, blockchain, and more. But let’s not forget Real Time Payments, which launched a little over a year ago. Developed by The Clearing House and its 25 owner banks, RTP is the first new payments infrastructure in the U.S. in more than 40 years. The first real-time payment occurred on November 13, 2017 and was a $3.50 transfer between BNY Mellon and U.S. Bank -- but it took only took three seconds to settle.
So it makes sense that an executive from one of those banks joins AFP Conversations host Ira Apfel to explain why Real-Time Payments is such a big deal.
Adam Kruis is Vice President, Working Capital Consultant, Treasury Management with US Bank. Before that he was with GE Finance. Adam talks to treasurers all the time so he understands their challenges as well as he knows Real Time Payments.
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