While many financial institutions initially join the RTP® network as receive-only participants, adding sending capabilities can be done relatively quickly with a sound business plan, a thoughtful approach, and a great technology partner. ABNB Federal Credit Union, which joined the RTP network a few short months ago (May 2024), is already moving to become a send/receive participant. Cassandra Tucker, director of operations at ABNB, discusses how the Virginia-based credit union planned to add send functionality for all of its members when it started its instant payments journey earlier this year with Alacriti, its technology solutions provider. Tucker walks through how ABNB has prepared risk parameters, safeguards, support, and its entire instant payments plan in this Payments Nerds podcast.
What is Payments Nerds?
We are proud to be payments nerds – we love sharing perspectives on all things payments. The Payments Nerds podcast features expert guests who explore the most important issues, topics and trends to consider in payments today. If you are a payments nerd too, or are a little bit curious about what’s going on the payments world, just download the “Payments Nerds” podcast from The Clearing House.