This Week in Fintech

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Jenny Johnston

Jenny Johnston

Jenny finds fintech infinitely interesting. She has been lucky to partner with and learn from great founders and investors across banks, payments, and infrastructure.

Real-time Real Talk: A Real-time Payments Download (3 of 3)

Real-time Real Talk: A Real-time Payments Download (3 of 3)

Part III - Unblocking and Unlocking What needs to be true For FedNow to take off, many things need to be true. Below are my top five: * Bank incentives * Consumer, merchant, and B2B adoption * Ideally interoperability * Access for non-bank PSPs * Communication Bank incentives FedNow is fundamentally a service to banks.

Real-time Real Talk: A Real-time Payments Download (2 of 3)

Real-time Real Talk: A Real-time Payments Download (2 of 3)

Part II - The Why and How Why does real-time matter? All-day, every-day real-time gross settlement First, real-time gross settlement (“RTGS”). What is it? Breaking it into parts, we have real-time and gross settlement. Real-time settlement is when payments’ clearing (sending the message) and settlement (moving the money) occur more

Real-time Real Talk: A Real-time Payments Download (1 of 3)

Real-time Real Talk: A Real-time Payments Download (1 of 3)

2023 is promising to be an exciting year for payments, maybe. In the US, we should be getting our first new bank payment rail since the 1970s (the last one was regular ‘ole ACH in 1978, not counting Same Day ACH which rolled out in 2010).[^1] In 2022, the