“America Can’t Afford to Wait” for Real-Time Payments

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By Promontory Interfinancial Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Aaron Klein, the policy director at the Center on Regulation and Markets at the Brookings Institute, talks about why the U.S. has lagged behind other countries when it comes to real-time payments. He discusses how banks can speed up the adoption of real-time payments and why it would be helpful during the COVID crisis. He argues real-time payment adoption might mean more for unbanked consumers than postal banking, of which he remains skeptical.

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