The latest advancements in payment technology promise to change the way members move their money. It can't come at a more appropriate time: use of legacy options like checks is dwindling, meanwhile members are expecting more instantaneous transactions in the rest of their daily life. For credit unions, faster payments are likely an inevitability, and that helps both them and their members.
In this video, Alloya's Kurt Stevenson, SVP Payments, and Shannon Heames, Executive Consulting, speak with Credit Union Times contributor Anne Legg at America's Credit Unions 2024 Governmental Affairs Conference on what the transition from legacy payments means.
You'll learn:
- How payments are changing with the rise of FedNow and RTP, among others;
- Why faster payments will be crucial to member satisfaction and attracting younger generations; and
- What steps credit unions can take to make sense of all the payment options available.
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