The advantages of real-time payments for businesses, customers, and financial institutions are now widely known. Yet, when advocating for real-time payments within an organization, two critical questions often arise: How can this innovation generate revenue? What benefits extend beyond speed?
In an ICBA-hosted panel discussion, Dan Gonzalez of Federal Reserve Financial Services and Mark Majeske of Alacriti tackled these questions, offering insights into the FedNow® Service, the ROI of instant payments, and strategies for community banks to operationalize and monetize this transformative technology.
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