Why does the U.S. lag behind other countries in the quest to make faster payments a reality?
On this episode of the BAI Banking Strategies podcast, we talk with Ian Schweid, senior vice president director of electronic services at Coconut Grove Bank. A member of the Federal Reserve's Faster Payments Task Force, Schweid discusses the task force's work, the rapid changes in payments impacting financial services, and a future where driverless cars and appliances could take the lead in consumer interactions.
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Lou and Ian discuss the recent Faster Payments Task Force publication, The U.S. Path to Faster Payments.
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