Peter Davey

speaker

323 appearances 2 recordings 1 series first heard Apr 2025 last heard 4d ago

Peter Davey’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.

Appearances

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Off the Rails from the U.S. Faster Payments Council - FPC · 24 April 2025 Peter Davey of PaymentsJedi Advisory on killing checks, pay by bank, and Payments Beer Nerds · 24 Apr 2025 podcast

And while I'm not against protecting consumers, I think the

The fact that 0% liability, while it did drive for early adoption of electronic payments back when credit cards and debit cards started to do that, it's really created a bad fraud and first-party fraud ecosystem that I think we all wish did not exist in this environment.

So I'm buying that one because I think that the bad things that are happening now are a result of some inadequate...

All right.

Well, I think that, yeah, I mean, I've probably spent more time on this topic than a lot of the folks across the industry, given the time I spent at the Clearinghouse, right?

And, you know, work that I've done with EWS and Zelle, I would say that, you know,

We need to create culpability within the payment space, similar to cash.

Steve Ledford and I had this conversation many times with various different parties around the entire industry that RTP transactions, similar to wire transactions, which are immediate transactions that are fully funded and irrevocable in many cases,

That's money.

You're spending money.

You're spending digital cash at that point.

And I think we're better off as an industry teaching people the right way to spend digital cash versus trying to figure out how we protect them from themselves.

So I'm going to sell that one.

Yeah.

Don't get me wrong.

I didn't say we shouldn't protect people, but I think there's ways that we can do that from a technology perspective through identity validation before somebody sends a transaction, through interactive fraud monitoring at the time where we're actually sharing information about fraudulent scams.

I think there's better ways to do it than hiding behind a regulatory framework or a framework that ultimately encourages bad behavior.

I am going to... I'll buy this one.

Look at that.

Yeah, and the reason I'll buy it, and I think ratcheting it down, and I'm not going to say on a single rail, but between the two rails, I think 2,500 financial institutions...

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