Sponsored: The payment landscape
from America's Credit Unions Hosted by CUNA News Podcast
Venmo. PayPal. Zelle. Instant peer-to-peer payments have played a large role in the rapidly changing payment landscape. How can credit unions adapt to the current structure and benefit from modernized payment platforms? PCBB Senior Vice President of Operations Allen Sztukowski answered that question and more on this episode of the CUNA News Podcast. Sztukowski and CUNA Digital Media Design Specialist Yeekeng Yang take a wide lens to the payment landscape, then dive in to explain how credit unions can adapt and thrive as payments continues to evolve.
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Chapters
- 0:52 Intro
- 1:46 Intro to Allen
- 2:38 Difference between payment types
- 6:00 What is FedNow
- 11:17 Challenges faster payments solve for CUs
- 12:48 How faster payments improve the settlement process
- 13:26 How traditional payment rails are impacted by faster payments
- 14:53 How faster payments help CUs deliver instant services
- 17:48 Use cases for faster payments
- 20:50 International payments
- 23:04 Steps CUs should take when choosing a payment platform
- 24:35 Talk to your core provider
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