Off the Rails from the U.S. Faster Payments Council - FPC cover image

27 July 2023 Jim Colassano of The Clearing House on the RTP Network, Interoperability, Instant Payments Use Cases, and Indiana Jones

Off the Rails from the U.S. Faster Payments Council - FPC

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RTP: The First New Payment Network in the Last 50 Years

R Reed: I've been in payments my entire career, well over 30 years. And to be a part of building a brand new payment rail that has all new attributes is really exhilarating and very exciting for somebody who's been in this business for so long. The frustrating part about it is being right here on the front lines. He says he doesn't understand why banks are not demanding more from their customers. R Reed: We thought we knew everything when we first opened up and launched the network because we had a lot of people with a lot of experience on how a lot of the legacy payment networks operated. But we were wrong in so many different ways.

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