Payments in 2025: Request for Payment Today and in the Future

Overview

Cost: Complimentary

Date: December 10, 2024

Time: 2pm ET | 11am PT

Produced and Sponsored by:



Request for Payment (RFP) is a financial messaging scheme built on the rails of real-time payments that enables billers to initiate real-time payments from bill payees with the click of a button. As we approach 2025, RFP is set to become a major feature across the RTP® network and FedNow® Service. But what does RFP look like today, and how will it shape the future of payments for credit unions?

Join us for a CUTimes-hosted webinar featuring Stuart Bain, SVP of Product Management at Alacriti, and Mark Majeske, SVP of Faster Payments at Alacriti, a member of the Faster Payments Council Board Advisory Group, and Chair of their Cross-Border Payments Work Group. Together, they will explore the evolution of RFP and how it’s already being used in different forms.

Key learnings include:

  • Current use of RFP and RFP-like solutions such as Pay By Text and CSR Bill Notifications.
  • How services like Zelle, PayPal, and Venmo are already training members to receive and approve payment requests.
  • Key 2025 trends to watch, including account funding as a primary use case for future RFP via instant payments networks.
  • Additional potential use cases and how RFP can extend beyond account funding to optimize member experiences.

Don’t miss this chance to learn how credit unions can leverage RFP to stay competitive and meet evolving member expectations in the payments space.

Register Now

Can’t attend? Register here for an on-demand recording after the webcast.

Featured Speakers: 

Stuart Bain | SVP of Product Management | Alacriti

Stuart is responsible for the Product Management division at Alacriti. He works with business development and sales teams to define Alacriti’s payment processing product roadmap, provide analysis for new products, and enhance existing products.

Prior to joining Alacriti, he led several teams responsible for the development and support of multiple payment-related applications at HSBC Bank. Stuart holds a BSc degree in Geological Sciences from St. John’s College, UK, and a second BSc in Financial Services from UMIST, UK.
Mark Majeske | SVP of Faster Payments | Alacriti

As Senior Vice President of Faster Payments at Alacriti, Mark leads the overall corporate faster payments strategy and product development of the Orbipay Payments Hub. Mark also currently serves in the Faster Payments Council Board Advisory Group and chairs their Cross-Border Payments Work Group. Previously, Mark led product development for the RTP® network, the FedNow® Service, and Zelle® at FIS. In addition, Mark was part of the team that designed, developed, and launched the RTP network at The Clearing House. He also worked in the financial industry in digital payments product development.