Embracing Instant Payments: Risks and Rewards

Glen connects with Payfinia CUSO General Manager Keith Riddle and Star One Credit Union’s EVP of Operations Minal Gupta about the newly minted CUSO aiming to streamline CUs’ provision of instant payment services. Also, newly released FedNow data- plus reporting from the more mature RTP network- reveals some unexpected twists.   Links related to this episode:   Payfinia: https://tyfone.com/payfinia/ (or contact Keith Riddle: keith.riddle@tyfone.com) Star One Credit Union: https://www.starone.org/   FedNow volume statistics through September 2024: https://www.frbservices.org/resources/financial-services/fednow/quarterly-volume-value-stats Glen’s 2023 article featuring Minal Gupta/Star One (as well as other early FedNow Adopters) in Credit Union Magazine: https://media.americascreditunions.org/articles/123351-real-time-relevance   Join us for our final CU Town Hall of 2024- Wednesday December 11 at 3pm ET/Noon PT- for a live and lively interactive conversation tackling the major issues facing CUs today. It’s free to attend (credit union employees might even win a door prize!), but advance registration is required:  https://www.cutownhall.com/ 

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