Dean Nolan
speaker
141 appearances
1 recordings
1 series
first heard Dec 2024
last heard Dec 2024
Dean Nolan’s voice in public audio — every appearance, attributed to the second.
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Appearances
Well, I think there's actually a few of them really quick, Reid.
One of them I'm going to say is payroll, and not so much the payment of individuals as
but the actual transfer of the corporate funds to fund the payroll providers.
Today, a lot of that's still done via ACH.
There's a two-day delay in it.
It creates a lot of problems in the system.
That's actually a big pain point in the industry and going up to 10 million can definitely help resolve that.
It also opens up some new places like reinsurance premiums.
A lot of reinsurance premiums tend to be in the million to $8 million range.
Now they're viable by RTP.
insurance and legal claims, a lot of them for non-catastrophic claims routinely fall in that $500,000 to $5 million range.
Or even some M&A activity where escrow payments around M&As are in that $1 to $10 million range, they become viable.
So there's just, I think you're going to see some existing use cases, like I said, payroll is going to hit the other side of it now with the corporate funding.
Then you'll also start to see new use cases evolve where their payment size really just didn't work out well with a million dollar cap.
Now it's going to work out a lot better with 10 million.
No, no problem.
Actually, Stephan, you said something that kind of triggered for me too on the international front.
You know, not only are Sundays, sometimes they're Mondays or vice versa, but then you end up with all of these holidays that we have that they have to try to keep track of when we're closed, which may or may, you know,
Being out of line with anything closing in their environment.
So yeah, I don't know, just saying that, it just kind of caught me by surprising me.
Showing 21–40 of 141 · page 2 of 8
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