Payments Nerds

Oct 24 2024 35 ep. 24 mins 205

Payments Nerds Podcast artwork

We are proud to be payments nerds – we love sharing perspectives on all things payments. The Payments Nerds podcast features expert guests who explore the most important issues, topics and trends to consider in payments today. If you are a payments nerd too, or are a little bit curious about what’s going on the payments world, just download the “Payments Nerds” podcast from The Clearing House.

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Evaluating Risk When Adding Instant Payment Send

Oct 24 2024 27 mins

For many financial institutions (FIs), adding send capabilities is the next step in the instant payments journey. Moving from being a receive-only bank to one that also offers send requires additional functionality, including more robust fraud scoring, enhanced security features, such as multi-factor authentication or biometrics, and operational and technology considerations. Incre

Adding Instant Payments Send Functionality is a Snap with Planning and the Right TPSP

Oct 16 2024 61 mins

While many financial institutions initially join the RTP® network as receive-only participants, adding sending capabilities can be done relatively quickly with a sound business plan, a thoughtful approach, and a great technology partner. ABNB Federal Credit Union, which joined the RTP network a few short months ago (May 2024), is already moving to become a send/receive participant

NEACH’s Wrestling Payments Special Episode on Payments Nerds

Aug 29 2024 44 mins

Joe Casali, host of NEACH’s Wrestling Payments podcast, joins the show to discuss what he has learned about current instant payments trends while recording his podcast, and previews his interview with Rusiru Gunasena, SVP of RTP® Product Management at The Clearing House. Rusiru joined the Wrestling Payments Podcast earlier this month to discuss the RTP networks growth, how insta

Instant Payments Solve Emergency Payroll Challenges for Corporations

May 05 2024 22 mins

Making sure employees are paid correctly each pay period is a primary focus of corporate human resources and finance teams, and their payroll provider. Usually payroll runs smoothly and employees are happy to receive their pay. However, often there are payroll exceptions and emergencies that require employers to find alternative ways to get pay to their employees urgently. Given th

30. Real-Time Payments Provides Competitive Advantage for Freight Factoring

Aug 28 2023 25 mins

In the transportation industry, freight factoring is a vital way for trucking and shipping companies to get paid on quickly for freight and shipments that have been successfully delivered. These payments help trucking companies maintain positive working capital instead of waiting 30 to 90 days for an invoice to be paid by the manufacturer or supplier (the standard payment timeline

29. Driving Real-Time Payments Adoption in the Transportation Industry

Jun 27 2023 31 mins

Transit agencies and tolling authorities process millions of payments each day. Consumers and businesses pay tolls or mass transit fares to go to work, deliver goods or to simply go on vacation. It is important to make sure that electronic tolling tag accounts or mass transit accounts are funded so customers don’t miss payments or face fines for not paying tolls. Checks take time

28. Transforming Real Estate Transactions with Real-Time Payments

Jun 05 2023 32 mins

If you have ever participated in a real-estate transaction, either as a buyer or seller, you quickly realize that real estate doesn’t move as quickly as other transactions in today’s economy. This applies to payments as well, which typically still happen by check (most common), wire transfer or ACH payment. All three of these payment types can cause confusion, delays or errors

27. Grain Leverages RTP® network to Provide Instant Loans to Consumers

May 24 2023 29 mins

Consumers often need access to funds to cover an unexpected expense, such as a flat tire or a repair to a faulty hot water heater. While there are a variety of loans available on the market, often the earliest a customer could get money into their bank account was the next day. Grain, which analyzes a consumer’s cash flow to determine eligibility, now sends loan payments instantl

26. How RTP® Makes Earned Wage Access A Reality for Workers

Nov 22 2022 24 mins

The fastest-growing use case on the RTP network is real-time pay and earned wage access (EWA). To give you an idea of how fast it is growing, from Q1 to Q2 this year, Instant Payroll grew 104%! RTP, in particular, makes it possible for wages to be instantly sent to a worker’s bank account … so they can use it just like cash, on the same day to pay bills, buy groceries, or pay e

The RTP® Network Celebrates 5 years of Real-Time Payments Growth

Nov 17 2022 34 mins

RTP, the nation’s newest payments rail, launched in November 2017 and is now celebrating its 5-year anniversary.RTP transaction volume continues to grow at an average of 10% each quarter, and dollar value also continues to grow at the same pace. There are over 280 banks and credit unions on the network, with more joining each week. And what is really interesting about the growth,