1. 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 to join, prior to the session beginning

2. Faster Payments Update
WELCOME LAYOUT
WELCOME TO
Faster Payments Update

3. 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.

5. 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.

9. 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. 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

11. Questions

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

13.
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
Toolkit contains:
Fact Sheet
Business & Consumer sample communication
Sample: Online Banking messages, Social Media Messages, signature graphic
Graphics
There’s more to come….

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

15. Static & Animated Banner Ads

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

17. Time
Reach out to staff with questions or when you’re back in the office.
Joe Casali, AAP, NCP