Peter Tapling
speaker
497 appearances
2 recordings
1 series
first heard Mar 2025
last heard Jul 2025
Peter Tapling’s voice in public audio — every appearance, attributed to the second.
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Appearances
Okay.
And I think what changes in instant payments is in instant payments, I'm approaching my bank, I'm logged in, I'm telling my bank, I want to send money.
And now the bank's like, well, wait a minute, this is a different situation.
And I would present to them, no, it's not.
It's no different than me walking up to an ATM and pulling out $500.
Now they put all manner of fraud and risk management around ATMs, machines, cards, et cetera, et cetera, put limits on my account.
And I think,
What we're hearing in the backdrop, and I'm going to be controversial here, is a lack of creative product creation on the part of the banks.
Offering an instant payment send capability is a product.
Just like they offer origination for ACH and they offer issuance for cards, they wrap all kinds of contractual hoo-ha and fraud and risk management and audits and things like that around those products need to do the same thing for instant payments.
What was the question again?
Buy.
It's not that much different.
You sense some hesitation there.
I'm going to sell that, you know, there was pent up demand when FedNow came out.
I think that we've seen that RTP is going to continue to add customers, continue to add financial institutions, but it's going to be at probably the same rate that they've added them for the last two or three years, which is, you know, 50, 75 a year.
The Fed came out of the gate, added 1500 right away.
I think the next 1500 for them is going to be really hard.
You know, the technique, it's not a technology problem.
At the beginning, there was a little bit of a technology problem.
Showing 441–460 of 497 · page 23 of 25
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