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, with suppliers, they're going to get irrevocable good funds 24-7, 365.
They can put money to use as soon as they receive it in an instant payments environment.
And on the buyer side, they're able to make payments precisely when they need them, again, 24-7, 365.
They can hold the money longer.
So from a working capital perspective, both of them can maximize their working capital better.
And again, it becomes this request for payment, which enables B2B on instant payments to happen.
To me, those are two huge issues in B2B and request for payment, instant payments really resolve both of them.
I'm selling on that one.
So technically, yes, the limit increased, but the banks have, like Stephanie said a second ago, banks have the ability to implement individual limits on instant payments.
And I suspect that initially there will be only a limited number of consumers and commercial customers who are approved for the $10 million limit as they're building up, as the banks build up their controls and get more comfortable with moving that amount of money in a really fast, immediate, automated fashion.
Yeah, I'm buying as well.
I'll put a buy on this one.
I think the future of real-time account-based money movement is going to combine simplicity and efficiency for low dollar items and then still have that high friction, high control for higher dollars.
So moving up to 10 million just gives RTP a much broader set of payments that they can handle.
And ideally, you know, I suspect someday we'll see no limits on these things.
And when we do that, then you'll see a single payment network being able to handle all those payments I described.
Yeah, I buy as well.
I mean, frankly, when I read this, I'm like, you know, I think Amazon might be able to visit everybody in a day.
Oh, yeah.
Yeah, I think there was a time there, back in the day of UPS delivery, my kids thought that Santa Claus was dressed in brown.
Showing 61–80 of 141 · page 4 of 8
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