Reed Luhtanen
speaker
7,725 appearances
50 recordings
1 series
first heard Sep 2024
last heard 4d ago
Reed Luhtanen’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 24 in all, peaking in Sep 2026 with 2.
Appearances
I guess without any question, more secure, but also does open up new fraud vectors.
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Is is is that risk aversion part of what's going on here?
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Yeah, and I I think that's that's is this is actually one of the things you mentioned before, the the cost of checks and how I I think it's true that a lot of
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participants in the value chain haven't fully priced in how much it really is
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you know, from an end-to-end perspective, how much it costs to process a check.
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And even just purely from the perspective of the financial institution, how expensive that ultimately is.
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It kind of hits on different buckets within the FI.
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And there may be, you know, like the fraud side and the expense of processing and the, you know, there's all there's lots of different costs associated with it.
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That's something we tried to actually in the value engine, we boil that down.
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And that's one of the attributes that kind of is in there as a
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A benefit or maybe an even hidden benefit of implementing instant payments is that you can displace a whole lot of check volume if you do that well.
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The thing that I also wanted to get into is in in my blog.
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The which was titled Check Frog, The Great Horse Manure Crisis of Twenty Twenty Six.
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Um, which I wrote in May of this year, uh prior to yours.
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I have to mention that again.
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Um, you know, in there I I contend that the solutions to check fraud in a lot of ways are analogous to the solutions that solved the great horse manure crisis of 1894, which I'm sure we're all familiar with, so I don't need to explain what that is.
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Showing 81–100 of 7,725 · page 5 of 387
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