PayThink

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

Risking traditional profit generators in return for potential revenues down the line is a gamble many have not been willing to take. But immediate payments are coming to the U.S. whether banks like it or not, says Icon Solutions' Lauren Jones.

For invisible payments to gain mass consumer adoption, there are several cultural and logistical barriers that retailers and the payment industry must consider first, says PPRO's Matt Jackson.

Bankers should cast a wider net for applicants and hold listening sessions with their minority employees if they truly want equality.

Deployments are much easier now, though some businesses still have memories of the complicated old days, says Nvoicepay's Doug Seaberg.

A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit.

The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard. But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation.

Financial institutions and authorities could better track money launderers if legalized-marijuana-related businesses were not included in SARs.

A cloud-based system makes it easier to communicate with staff on matters outside of payroll, says OnPay's Katelyn Sullivan.

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.