BillGO’s Post

In a world of immediate payment options like Venmo and Zelle, most U.S. banks are still using the same payment-processing technology they installed in the 1980s. Consumers have come to embrace real-time payments, looking increasingly to digital-first nonbank financial players for increased speed and convenience. It has created a landscape where many legacy banks are behind both their customers’ expectations and their competitors’ capabilities.     To explore how legacy banks can get up to speed on real-time services, PaymentsJournal sat down with John Brady, Chief Architect and Head of Engineering at BillGO, as well as Elisa Tavilla, Director of Debit Payments at Javelin Strategy & Research. Listen to their full discussion below 

🚀 Excited to Share My Latest Blog Post: "The Evolution of Payments: Real-Time Payments vs. Traditional Methods" 🔗 Read the full article here: https://lnkd.in/e5XFcaKD In this piece, I dive into the history of payment methods, from traditional approaches to the innovative realm of real-time payments. As the financial industry continues to evolve, understanding these changes is crucial for businesses and individuals alike. Highlights of the blog: - A historical overview of traditional payment methods - The rise and benefits of real-time payment systems - How these advancements impact consumer and business transactions Whether you're a finance professional, a business owner, or simply curious about the future of financial transactions, I hope this article offers valuable insights. I'd love to hear your thoughts and experiences with these evolving payment technologies. Let's start a conversation in the comments! #Payments #Fintech #FinancialInnovation #RealTimePayments #TraditionalBanking cc: BankTech Ventures

Continuing our #AlkamiColab blog series, we're excited to highlight Paymentus. Dive into this blog post to learn how they are supporting financial institutions' money movement capabilities by delivering the 3 C's that consumers are looking for: convenience, choice, and control. #FinancialInstitutions #DigitalBanking #FinTech

Continuing our #AlkamiColab blog series, we're excited to highlight Paymentus. Dive into this blog post to learn how they are supporting financial institutions' money movement capabilities by delivering the 3 C's that consumers are looking for: convenience, choice, and control. #FinancialInstitutions #DigitalBanking #FinTech

Continuing our #AlkamiColab blog series, we're excited to highlight Paymentus. Dive into this blog post to learn how they are supporting financial institutions' money movement capabilities by delivering the 3 C's that consumers are looking for: convenience, choice, and control. #FinancialInstitutions #DigitalBanking #FinTech

New from FinTech Futures: Curinos’ Eoin Creedon shares how open banking’s immense potential can lead to new revenue streams for financial institutions and deliver vast benefits for their customers and members — but only if the end user remains the primary focus. Read more on the promising future of APIs and VPRs in the banking world: https://hubs.li/Q02JmXJl0

Continuing our #AlkamiColab blog series, we're excited to highlight Paymentus. Dive into this blog post to learn how they are supporting financial institutions' money movement capabilities by delivering the 3 C's that consumers are looking for: convenience, choice, and control. #FinancialInstitutions #DigitalBanking #FinTech

🚀 U.S. Real-Time Payments Volume to Surge 600% by 2025! 🚀 Exciting news in the world of payments! According to PYMNTS, real-time payments in the U.S. are expected to skyrocket by 600% between 2020 and 2025. This incredible growth highlights the increasing demand for instant, secure transactions. 📈💸 Key drivers of this surge include:   1. Consumer Expectation: Today’s consumers want faster, more efficient payment options. 🏃♂️💨 2. Technological Advancements: Cutting-edge technology is making real-time payments more accessible and reliable. 💡🔧 3. Business Adoption: Companies are leveraging real-time payments to enhance cash flow and customer experience. 🏢👍 At Fortress Payments, we’re at the forefront of this transformation, offering innovative solutions to meet these evolving needs. Stay tuned for more updates and join us on this exciting journey! 🚀🔐 #RealTimePayments #Fintech #Innovation #PaymentsTransformation #JoinTheRevolution

Instant Payments Take Center Stage: FedNow's arrival and global shifts. Explore the impact of real-time payments on the US financial landscape and the global embrace of instant transactions. #BankingAndFintech #CCGCatalyst #BankConsulting The Biggest Developments in Banking and Fintech From 2023 By: Tyler Brown https://lnkd.in/g8qSaRsz

📣 Trustly, Inc. VP of Banking Partnerships, Eric Foust, spoke with American Banker to discuss Trustly’s new collaboration with Newline™ by Fifth Third. Eric and Newline’s GM, Tom Bianco, talk with John Adams about FedNow and RTP, embedded technology, and what’s next for banking. Key takeaway? A top priority for banks is faster payments. “We’re just scratching the surface of what new payment networks like FedNow and RTP can do.” Read the full article below 👇 https://lnkd.in/edbjZF8q