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remains in its early days of faster and real-timepayments adoption, so neither of these two schools of thought have been proven correct. Bill Schoch, WesPay president and CEO, and inaugural chair of the Center for Payments , said the emergence of faster payments in the U.S.
by Kim Bickford, Senior Vice President, Operations, Wespay If growth and opportunity are energizing words to you, a career in payments may be right up your alley. The payments industry is quickly evolving and is increasingly dependent on technology. FedNow is the Federal Reserve’s service to offer similar instant payment capabilities.
By looking beyond current offerings to new faster options like FedNow that meet customer demands, financial institutions can respond to today’s needs and continue to evolve as the industry progresses. Updating infrastructure, systems, and processes to send and receive instant payments can be a lot for an organization to take on all at once.
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