On this episode of FI Today Dr. Jorge Jimenez, a seasoned expert in the field, shares his insights on the challenges faced by financial institutions, credit unions, and community banks in the United States when it comes to international transactions.

Discover how smaller institutions can leverage the power of real-time payments, such as FedNow and RTP, to not only compete but thrive in the global payments landscape. Learn about the exciting possibilities these innovations bring, including transforming payment operations from cost centers into revenue generators. Dr. Jimenez sheds light on the potential for open banking and the emergence of a new era in the financial industry. Tune in to explore the future of payments and gain valuable perspectives on how your institution can navigate this transformative journey.

#banks #payments #creditunions #RTP #Fednow #commercialbanks #financialinstitutions #banking #international

In this episode of FI Today, we have a captivating conversation with Jordan Bennett from NACHA, shedding light on the intricate world of credit push fraud. Join us as we unravel the nuances of this emerging threat and discuss effective strategies to thwart fraudsters and keep your financial systems secure.

We explore the fascinating landscape of credit push fraud and how it has become a new playground for fraudsters. Jordan Bennett, a seasoned expert in risk management with over two decades of experience, shares his insights on the shifting tactics of fraudsters and the vulnerabilities that they exploit. From vendor impersonation to payroll fraud, we dissect real-world scenarios that illustrate the importance of vigilant fraud prevention.

Discover how the ACH network's self-governing approach has been crucial in mitigating debit fraud and how the same principles can be applied to safeguard against credit push fraud. Education emerges as a central theme, as Jordan emphasizes the significance of awareness and collaboration between RDFIs and ODFIs to collectively combat fraud and maintain the network's integrity.

#banks #payments #creditunions #commericalbanks #ACH #NACHA #treasurymanagent #paymentrisk #paymentfraud

In this episode of FI Today, Moto speaks with Caroline Cypriano of JJ4Tech. Caroline brings a wealth of knowledge and experience from Brazil to discuss the fascinating world of faster payments, specifically the PIX network. Discover how PIX revolutionized payments in Brazil and learn about the potential challenges and benefits of implementing faster payment systems.

🎙️ In this episode, we cover:

The incredible success story of PIX, Brazil's instant payment service, and its impact on financial inclusion.
The growth and adoption of PIX, making Brazil a global leader in instant payment transactions.
How the PIX network transformed consumer behavior and created new opportunities for various payment use cases.
Challenges faced during the implementation of faster payment systems, including the need for security, stability, and integration with legacy systems.
The role of third-party service providers in simplifying the integration of faster payment systems for financial institutions.
Insights into the future of faster payments and the potential for innovations like automatic utility payments and cross-border transactions.

#banks #payments  #creditunions #banking #PIX #brazil #fasterpayments

In this episode, Moto and Payments Professor Kevin Olsen discuss how to learn more effectively, why banks and credit unions need to make training fun again, and how to get over your fear of public speaking. 

In this episode of FI Today, Kevin Miyamoto (Moto) interviews Scott Jones, a renowned payments attorney and fraud expert. They dive into the world of payment fraud, discussing its various forms, the importance of customer communication, and the need for continuous education and documentation. Discover valuable tips and insights to protect yourself and your financial institution from fraudulent activities. Tune in now!

In this episode of FI Today, Moto speaks with Steve Douglas of The Clearing House to discuss all things RTP. 

Why all FIs need to jump on instant payments, updates to the RTP Network and how easy it is to connect through multiple integration options. 

Join Kevin Miyamoto, popularly known as Moto, and Ryan Edwards, the Head of Business Development at Banking Circle US, in this eye-opening podcast episode as they dive deep into the realm of embedded payments. Discover what exactly embedded payments are and how they have seamlessly integrated into our daily lives, becoming the norm for consumers today.

In this episode, Moto and Reed Luhtanen, Executive Director of the US Faster Payments Council, discuss all things faster payments, including FedNow and RTP. 

In this episode, Kevin Miyamoto (aka Moto) and Greg Lloyd, Managing Director in EY's Payment Practice, embark on an insightful exploration of payment modernization. 

Moto and Greg share invaluable insights on the importance of effective communication with internal stakeholders. Discover why open and regular communication is the key to gaining alignment, fostering collaboration, and driving successful payment modernization initiatives within organizations. Learn how to navigate the complexities of stakeholder engagement to ensure buy-in and support at every stage of the transformation process.

In this episode of FI Today, Kevin Miyamoto (aka Moto) and Dr. Angela Murphy (aka Payments Elsa) delve into the dynamic world of payments, artificial intelligence (AI), and the necessity of transitioning towards instant payments. 

They shed light on how AI-powered algorithms are reshaping the landscape, optimizing transaction processes, and revolutionizing the way we engage with digital payments. Prepare to have your mind opened to the incredible possibilities AI brings to the table.