Real Time Payments The Feds efforts and how it could affect your bank
Ian M. Schweid
SVP Director of Electronic Services, Coconut Grove Bank
In 2015 the Federal Reserve Bank organized a Taskforce to examine alternative approaches for faster, ubiquitous, and secure payments to move into the mainstream. Since then, a lot has been accomplished and those efforts could directly impact the look of payments in the future. This session will discuss what has been accomplished, what will happen next and potential impacts on small business and the banks who serve them.