On 30 October 2014 17:25, Reutzel, Bailey <bailey.reutzel@sourcemedia.com> wrote: > BBVA just partnered with Dwolla to enable low cost, real-time payments… > > > http://www.paymentssource.com/news/emerging-payments/bbva-looks-to-dwolla-tech-to-modernize-payments-3019566-1.html > > > > This story is behind our paywall, but when I asked BBVA how this relates > to the Fed’s push for real-time payments, he said there continues to be > conversations and they continue to stay as conversations… So they’re moving > ahead. > > > > And then Ben Milne, CEO of Dwolla, summed it up in what I think is a > pretty awesome statement: > > "The conversation around real-time, up until this point, has centered > around standards, rules and policy," said Ben Milne, CEO of Dwolla. > "There's a place for those conversations, but real-time needs to be thought > of as a platform for innovation, to allow developers to stream payments to > and from their applications, utility companies to charge for energy by the > minute, marketplaces to make disbursements instantly or financial > institutions to build new B2B products." > > > > Just thought it was worth sending out to the group. J > > -B > > > "This communication is intended solely for the addressee and is > confidential and not for third party unauthorized distribution" > I think real-time should be the default. In fact, so much so, that it shouldnt even be a thing. How would you explain to a young person the concept a realtime SMS, or a realtime email, or a realtime phone call. They would say to you, was it ever any other way? When we tell our grand children that it used to take days to deliver a payment, they should, rightly, laugh at the thought...
Received on Thursday, 30 October 2014 17:35:57 UTC