In this webinar, Mark Majeske, SVP of Faster Payments at Alacriti, shared his expertise on the challenges and solutions for integrating instant payments with existing infrastructure. While Andrew Muzzatti, Head of Fraud Product Marketing at Verafin, discussed the latest trends in payments fraud and provide valuable insights into fraud prevention strategies. The speakers also covered:

• Strategies for seamlessly integrating instant payments into credit union operations
• Challenges in managing fraud across payment rails and the difficulties credit unions face with multiple systems and manual processes
• Emerging trends in payments fraud, such as Business Email Compromise (BEC) and elder scams
• What credit unions can do to combat fraud across payment rails using real-life examples
• Top use cases and monetization opportunities for instant payments

In this webinar our payments experts, Paul Steinbrecher, Director of Payments Consulting at Alacriti, and Jeff Bucher, Senior Product Manager at Alkami, uncover what is needed to operationalize real-time payments with minimal staffing, and best practices to implement and roll out instant payments as smoothly as possible.

• State of the Market: Why there’s a demand for instant payments and the state of adoption in the U.S.
• Implementation Timeline: A practical guide on implementing both RTP and FedNow within a 10-12 week timeframe, and how adding dual rails need not complicate the process
• Operational Transformation: Understand what day-to-day operations post-implementation are like and the impact on staff
• Efficiency in Payments: The operational efficiencies and aspects of Receive and Send functionalities and the streamlined process for both
• Platform Integration: Understand the role of Alkami and Alacriti’s partnership in advancing faster payments with their platform integration
• Monetization: How to monetize instant payments

In this American Banker-hosted webinar, Erika Baumann, Director, Commercial Banking & Payments Practice at Datos Insights, and Mark Majeske, Senior Vice President, Faster Payments at Alacriti discuss:

• An overview of anticipated payments trends in 2024
• Modernizing payments with real-time payments and automation
• Use cases for real-time payments by industry
• Where businesses are investing in payments technology
• Cross-border generative AI
• APIs and open banking and how they’re evolving into ERP banking
• The impact of Fedwire modernization to ISO 20022 by 2025

As rising interest rates become the new normal and the demand for modern money movement experience grows, staying informed on the latest trends in payments is essential.

Join us for this PaymentsJournal-hosted webinar that delves into the latest in loan payment behaviors, process integration advancements, and payments modernization. Speakers Stuart Bain, SVP and Product Manager at Alacriti, and Brian Riley, Co-Head of Payment Strategies at Javelin Strategy & Research discuss:

• Current trends in loan payments
• The influence of credit card debt and consolidation on the market
• How regulations are expected to impact loan volume
• The value of process integration for payments
• What bankers should consider in 2024 when modernizing their payments

Faster payments rails are poised to grow exponentially over the next 5 years — providing new opportunities for financial institutions and their customers. However, as more customers adopt these payments methods, fraudsters will also adopt new and old methods to exploit these channels. Ensuring your fraud program is properly prepared is critical for scaling alongside the growth of these new rails.

Join Verafin and Alacriti, as they discuss how to combine faster payments with existing financial institution fraud systems and what tools are needed to incorporate faster payments and fraud prevention.

In this session, industry experts:

• Discuss insights into the current state of the faster payments market
• Examine trends in payments fraud, with valuable insights into APP fraud — Business Email Compromise (BEC), and elder scams, etc.
• Uncover fraud typologies that may arise with the growth of faster payments
• Explore how financial institutions, and their fraud management programs, can prepare for the implementation of faster payments

This has been a big year for instant payments, with a significant increase in transactions and new services and use cases on the market.

Watch this CUInsight-hosted panel discussion about the progress of instant payments and what’s next in 2024. Speakers Cassandra Tucker, Director of Operations at ABNB Federal Credit Union, Mark Majeske, SVP, Faster Payments at Alacriti, Keith Gray, Vice President, Strategic Partnerships at The Clearing House, and Bernadette Ksepka, Vice President, Deputy Head of FedNow Product Management at Federal Reserve Financial Services, will discuss:

• The current state of instant payments
• Growth and development of instant payments in 2023
• New services and emerging use cases
• Projections and expectations for real-time payments in 2024
• Lessons learned from ABNB FCU from implementing real-time payments

While instant payments have been a hot topic, ACH (Automated Clearing House) continues to evolve and remain a key payment network. “ACH Modernization” refers to the transformative initiatives designed to revamp traditional ACH payment systems, offering faster, more secure, and more versatile payments.

In this Banking Exchange-hosted webinar, speakers Alex Romeo, Operations Strategy Vice President at Federal Reserve Financial Services, and Paul Steinbrecher, Director of Payments Consulting at Alacriti, delve into ongoing changes and breakthroughs on the horizon,
and discuss:

• Modernization in Automated Clearing House services and why it is crucial
• Existing and forthcoming rules that govern ACH modernization
• Industry impact and future projections
• Innovations transforming ACH processes and transactions
• Advantages that modernized ACH processes bring to businesses and consumers

The FedNow® Service, the Federal Reserve’s round-the-clock real-time payment and settlement service, launched in July. However, many community banks still have outstanding questions about how this service fits into their operations and serves their customers’ needs.

In this ICBA-hosted webinar where Siobhán O’Malley, National Account Program Manager at Federal Reserve Financial Services, and Mark Majeske, Senior VP Faster Payments at Alacriti, discuss:

• The latest updates on the FedNow Service since the July launch
• The ROI of real-time payments
• What community banks should know about connecting
• How community banks can educate and promote instant payments to customers
• Lessons learned from financial institutions that have already connected

In an era where immediacy is paramount, understanding the intricate considerations of implementing and embracing real-time solutions is essential for financial institutions looking to stay at the forefront of the industry. From billion-dollar institutions to half-a-trillion-dollar giants, each tier requires a tailored approach to modernization, with instant payments becoming an integral part of the roadmap.

In this American Banker-hosted webinar, Jim Colassano, RTP Product Management, at The Clearing House, Jim Maimone, SVP, Senior Payments Solution Consultant at Citizens Bank, and Mark Majeske, SVP of Faster Payments at Alacriti, discuss:

• The latest findings on the evolving payments landscape of the top 50 bank marketplace as well as how they affect smaller financial institutions.
• Recommendations for crafting a strategic product roadmap for real-time payment offerings
• Insight into technology enablers for real-time payments, including ISO 20022 and 24×7 message processing
• Clearing rules and message specifications—unraveling SLAs and obligations
• Customer support in a real-time world and embracing instant issue resolution

Electronic bill presentment and payment (EBPP) is a holistic approach to presenting electronic bills and accepting digital payments from consumers. The payment experience is a critical touchpoint, making it necessary to evolve with consumer demand. However, members don’t necessarily use the same payment methods and options for every bill, making it challenging for credit unions to meet members where they want to pay.

In this NACUSO-hosted webinar, Stuart Bain, SVP of Product Management at Alacriti, discusses the history and future of EBPP and provides insights into the most important aspects of an EBPP solution. The webinar will answer:

• How has EBPP changed from when it was created to now?
• What are the current trends for how consumers are paying their bills?
• What opportunities does bill payment create for credit unions?
• How can EBPP help prevent loan payment fraud?
• How can EBPP help with impact member conversion?
• How will AI affect loan payment technology?
• What will the TCH RTP® network and the FedNow® Service mean for bill payments?

Many credit unions have been waiting on the FedNow^SM Service to launch to adopt real-time payments. However, is your credit union truly ready to connect?

Watch this Credit Union Times hosted webinar where Dan Gonzalez, VP Customer Relations at Federal Reserve Financial Services, and Mark Majeske, Senior VP Faster Payments at Alacriti, discuss:

• What the FedNow Service is and how it will work
• The ROI of real-time payments
• What credit unions should know about connecting
• Recommendations from the Federal Reserve about how to move forward
• Lessons learned from financial institutions who have been in the pilot program

With the FedNow^SM Service launching at the end of July, instant payments are on the fast track to ubiquity. But before credit unions hop on the bullet train to support them, they must understand: How will credit unions be impacted? And is your credit union properly equipped to receive them?

Watch this Callahan-hosted panel discussion featuring credit unions and payments experts. Discover the latest on faster payments in the U.S., including updates on the RTP® network and the FedNow Service. The panelists will answer your questions about where faster payments are going, how credit unions are preventing fraud, and how they’re using these new rails to meet member needs.

Meet the panelists:

• Amanda Ott, Digital Integration Analyst, Veridian Credit Union
• Cassandra Tucker, Director of Operations, ABNB Federal Credit Union
• Mark Majeske, SVP Faster Payments, Alacriti
• Jeff Bucher, Senior Product Manager, Alkami

As real-time payments continue to grow and evolve, the convenience for businesses and financial institutions is already well known. However, when making the case for real-time payments internally, questions must be answered, such as: how can revenue be generated? And what are the benefits (beyond just being faster)?

In this BAI-hosted panel discussion, Reed Luhtanen, Executive Director at the U.S. Faster Payments Council (FPC), Keith Gray, Vice President, Strategic Partnerships at The Clearing House, and Mark Majeske, SVP Faster Payments at Alacriti discuss:

• What the FPC is hearing from corporates, and what they would like to see
• Business use cases for real-time payments
• New data from the RTP^Ⓡ network regarding usage
• The economics and evolution of instant payments regarding use cases
• Recommendations for planning for 2023

While consumers are doing more of their bill payments online, credit union websites and mobile apps are falling behind biller sites in facilitating these payments. Digital experiences are being shaped by other industries, resulting in pressure being put on financial institutions to build relevant banking and payment experiences.

Join experts David Albertazzi, Director, Retail Banking & Payments Practice, at Aite-Novarica Group, and Matt Rhodes, Sr. Account Executive at Alacriti, in this Credit Union Times hosted webinar, as they discuss current trends shaping the banking and bill payment experience.

Key discussion points include:

• How credit unions can develop engaging digital experiences that allow their members to take control of their finances specifically for
• Bill management
• Payment activities
• The opportunities these experiences create to drive client deposits, engagement, and retention
• Research revealing how today’s consumer pays their bills
• The expectations for payments modernization that members have for credit unions

The 2023 launch of the Fed’s new real-time payments rail, the FedNow® Service, is drawing near. However, there are still many misconceptions about what’s to be expected.

In this CUInsight hosted webinar, Joni Hopkins, Vice President, Product and Relationship Management Group at Federal Reserve Financial Services, and Mark Majeske, SVP Faster Payments at Alacriti reviewed the top ten misconceptions in the market about the FedNow Service.

Some of those misconceptions included:

• My credit unions has to offer all use cases for members to see a value
• It’s mandatory to open a separate account with the Fed
• Processing real-time payments is more expensive than processing Same Day ACH
• A brand new fraud system for instant payments is a must

Watch the webinar playback now to get the facts, as well as an overall update about the FedNow Service.

As payment technology advances, so does the need for effective fraud prevention strategies.

Listen to experts Mike Cook, VP of Commercialization, Fraud Solutions at Socure, and Mark Majeske, SVP of Faster Payments at Alacriti, in this Banking Exchange hosted webinar, as they discuss the current and future state of fraud in the instant payments landscape, and share strategies for protecting your business in the face of evolving fraud trends.

Key topics covered include:

• Anticipating and preparing for future fraud trends in 2023 and beyond
• A deep dive into the issue of money mules, a prevalent form of fraud
• The benefits and importance of combining identity verification with transactions for enhanced security

2023 will be an important year for payments.

The industry faces change across the landscape, including an anticipated recession. Real-time payments will continue to accelerate, and the launch of the FedNowSM Service in 2023 will bring a big step toward ubiquity. Fraud in real-time payments, whether real or perceived, is receiving a lot of attention—and not all of it in a good way. In the meantime, ISO 20022 is a key topic with a mandatory Fedwire migration to it by 2025. Globally, the migration of MT to MX on SWIFT, which also leverages ISO 20022, continues to be challenging to all. But the U.S., compared to other countries, has spent comparatively less, potentially putting the U.S. at a significant disadvantage in terms of both readiness and gaining the benefits. Overall, financial institutions have a lot to do, and how they approach the changes will be a competitive differentiator.

In this American Banker hosted webinar speakers from Celent and Alacriti discuss:

• Expected impact of a recession on payments based on historical data
• How fraud prevention is different with real-time payments
• The impact of Fedwire modernization to ISO 20022 by 2025
• Where financial institutions should be when it comes to ISO 20022
• The need to drive faster payments adoption with more product ideation, which will, in turn, provide more use cases
• How to extend real-time payments to the user experience

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The FedNow^SM Service targeted release has now been narrowed down to May-July 2023, making it even more practical to start executing a real-time payment strategy today. Alacriti’s Early Adopter Program is making it easy, fast, and cost-effective for credit unions to connect to the FedNow Service.

In this NACUSO hosted webinar hear from Mark Majeske, Senior Vice President Faster Payments at Alacriti about the Early Adopter Program and get answers to your real-time payment questions. Majeske is a real-time payments expert who was a member of the team that launched the RTP network at The Clearing House.

The webinar covers:

The FedNow^SM Service is an instant payment service created by the Federal Reserve Banks to provide safe and efficient instant payment services in real-time, 24/7/365. With the targeted release of the FedNow Service narrowed down to May-July 2023, there are certainly a lot of questions surrounding it.

In this ICBA hosted webinar, community banks had the chance to hear directly from FedNow. If you missed the FedNow Launch Webinar Series, this is a good opportunity to get a lot of information in a short amount of time. Joni Hopkins, Vice President, Product and Relationship Management Group at Federal Reserve Financial Services, and Mark Majeske, SVP Faster Payments at Alacriti, discussed: