Independent Banker - January 2024 - 49

Payment options for community banks continue to expand,
providing new opportunities for innovation. From instant and
faster payment rails like RTP, FedNow and Same Day ACH to
payment overlay services like CHUCK, buy now pay later (BNPL)
and person-to-person (P2P) services such as Zelle, the choices
seem endless.
For community banks to stay competitive, they must focus
simultaneously on supporting faster payment rails and a better
digital customer experience with payment overlays.
" While instant payments are still relatively new in the United
States, they are not new from a global perspective, " says Nick
Denning, senior vice president of industry relations for ICBA. " As
these new rails have launched internationally, one key learning
is that the rails alone won't drive adoption. It's the emergence
and scaling of overlay services that drive adoption and volume. "
By
Mary J.
Yerkes
independentbanker.org // 49
http://www.independentbanker.org

Independent Banker - January 2024

Table of Contents for the Digital Edition of Independent Banker - January 2024

Contents
Independent Banker - January 2024 - Cover1
Independent Banker - January 2024 - Cover2
Independent Banker - January 2024 - Contents
Independent Banker - January 2024 - 2
Independent Banker - January 2024 - 3
Independent Banker - January 2024 - 4
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Independent Banker - January 2024 - Cover3
Independent Banker - January 2024 - Cover4
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