This session includes audience participation polls This session includes audience participation polls. If you would like to participate, please either go to pollev.com/neach2017 or on your cell phone text “NEACH2017” to 22333 to join, prior to the session beginning

Faster Payments Update WELCOME LAYOUT WELCOME TO Faster Payments Update

Faster Payments are coming Faster Payments are coming! One if by land, Two if by Sea. An LED if it’s digital? The industry is rallying around faster payments.

https://www.polleverywhere.com/multiple_choice_polls/sj3ywrt95iuqDvS

The Big Players (right now) Making the most noise! ? 1 2 3 4 NACHA TCH-RTP Zelle Wild West Same Day ACH is a ubiquitious channel for the industry to use today. Still in pre-launch, but close. Heralded as the first new payment rail in 40 years. An application that is in many conversations. Utilizes an APP, ACH & Card Rails to reach most bank accounts. There are new entrants every day. We do not know if we’ve seen the “winner” or it has yet to be created.

https://www.polleverywhere.com/free_text_polls/FdD3Iso0LlYbQAR

www.fasterpaymenttaskforce.com

Key Observation MAJOR POINT LAYOUT Even if solution providers above were fully operations today, there is no interoperability. Zelle doesn’t “talk” to RTP, RTP may not have ability to send to SDA receiver…

10 Recommendations Recommendations from Final Report – part 2 Recommendations grouped as Governance, Infrastructure and sustainability & Evolution topics G – Establish a faster payments governance framework G-Recommend & establish faster payments rules, standards, and baseline requirements E-Recommend, develop & implement fraud detection, reporting & Info Sharing G-Assess the payments regulatory landscape and recommend changes E-Develop cross-solution education & advocacy programs E-Conduct research and analysis to address cross-border I-Establish inclusive directory work group to recommend solutions to interoperability E-Continue research and analysis on emerging technologies I-Enhance Federal Reserve settlement I-Explore need of Federal Reserve as an Operator

Questions

Have you heard about Check@5? Consumer Awareness Toolkit developed and shared by NEACH DOWNLOAD THE TOOLKIT IN PACING PAYMENTS OR WWW.NEACH.ORG/CHECK@5

Check@5 NEACH saw a vacuum in the industry for awareness of Same Day ACH changes effective September 15, 2017 and faster payments in general. NEACH developed free, turn key materials, that are customizable by FIs for communicating with receivers Check@5 Toolkit contains: Fact Sheet Business & Consumer sample email communication Sample: Online Banking messages, Social Media Messages, email signature graphic Graphics There’s more to come….

Sample online banking messages Stay on top of your balance. Check your account at 5 p.m. Join the Check@5 movement.   2. Money moves faster now. Stay on top of your balance. Check your account at 5 p.m. Join the Check@5 movement. 3. Check your account at 5 p.m. to stay on top of your balance. Join the Check@5 movement.

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Social Media Graphics… …Customized for: Facebook Twitter Google Instagram Linkedin Pinterest Youtube

Time Reach out to staff with questions or email info@neach.org when you’re back in the office. Joe Casali, AAP, NCP jcasali@neach.org