RTP vs. FedNow: Is There a Wrong Choice?
29 March 2022 14:00 - 15:00 EDT (19:00 BST, 20:00 CEST)
1551 S Washington Ave #130, United States
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Credit unions have had to make the difficult decision of offering the benefits of real-time payments right away with either the TCH RTP® network—or waiting for the FedNowSM Service. With the FedNow Service on track to go live in 2023, much of the wait is over. So which one is better? Or should credit unions embrace both networks?
In this upcoming NACUSO hosted webinar on March 29, 2022, at 2:00 p.m. ET, Erika Baumann, Sr. Analyst for Aite-Novarica, and Al Griffin, Product Manager at Alacriti, will discuss how the FedNow Service and the RTP network should fit into your payments strategy, focusing on:
Which path credit unions should take, the FedNow Service or RTP
What real-time payments mean for member satisfaction
What processes need to change for those going beyond receive-only
How the payments rail you choose affects your members
Use cases for RfP and what it does for your small businesses
What it takes to connect to the RTP network or the FedNow Service
Erika Baumann, Sr. Analyst at Aite Group
Erika Baumann serves as a senior research analyst for Aite Group’s Wholesale Banking & Payments practice, focusing on payables and receivables technology and solutions. She has over 10 years of experience in the wholesale banking space, bringing expertise from both banking and fintech vendor positions. She has worked extensively with both U.S. and international banks, vendors, and the clients of each to identify market opportunities and implement technology solutions.
Al Griffin, Principal Solutions Consultant/Product Manager at Alacriti
Al’s professional credentials include over 20 years in the banking industry focusing on wholesale and retail payments, commercial and small business banking and the Real Time Payments evolution. His experience has been key product management, SME and sales support positions for Finastra, ACI Worldwide and Alacriti.