Wharton FinTech Podcast cover image

Instant Payment Special Panel - One-Year Anniversary of FedNow's Debut

Wharton FinTech Podcast

CHAPTER

Navigating Instant Payments and Fraud Challenges

This chapter explores the complexities U.S. financial institutions face in adapting to the FedNow instant payment system, emphasizing the need for effective education and streamlined onboarding processes. It also addresses the critical issues of security and fraud, highlighting collaborative efforts between fintechs and banks to mitigate risks. Additionally, it looks at international experiences, specifically Brazil’s PIX system, showcasing the necessity of partnerships in enhancing payment solutions.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner