April 8, 2020
TABLE OF CONTENTS
Senior Financial Services Consultant
Senior VP & Head of Product Innovation, The Clearing House
Chris is a Senior Financial Services Consultant who works across a variety of companies and industries to create strategic payments advantages. He has over eight years of experience in managing emerging payments and digital platforms and served as a subject matter expert in tokenization, digital product management, and open banking. Chris spent five years at BBVA Compass, most recently leading business-efforts in the launch of Android Pay and Samsung Pay, as well as managing their mobile wallet offering. The last three years have focused on tokenization, Zelle, and real-time payments strategies within organizations of different sizes and needs. He currently resides in Charlotte, NC with his wife and two children.
Peter is a seasoned payments executive, industry thought leader and corporate strategist with a deep understanding of the payments industry, including the rules and regulatory environment, payment systems and technologies, and has a proven track record of establishing payments governance, building consensus around payment strategies and providing payment subject matter expertise. He has a wide breadth of payments experience in e-commerce, mobile, digital payments, retail and commercial payments, emerging payments, payment systems design and networks across all payment types including: Wire, ACH, Cards, Check, Currency, Blockchain and Real Time Payments. Peter provides leadership in many industry forums and a regular speaker and panelist at industry conferences.
The Federal Reserve announced yesterday that they will start developing a new interbank 24x7x365 real-time gross settlement service which would allow real-time clearing and settlement at the time of the transaction.
Now that 2020 has arrived, the reality of RTP adoption has begun to outpace planning for implementation. The RTP conversation is no longer around should it be implemented, but rather of use cases that have been missed to better serve customers.
Throughout this series we'll provide answers to frequently asked questions surrounding product management for RTP, such as managing the product(s) long term, dealing with cannibalizing current products, and more.
TCH’s RTP adoption is rising. A recent study noted 74 percent of small and large institutions are considering RTP or have begun implementation. Although a large majority are adopting RTP, there are many differences for RTP within small or large FIs.