Going beyond discussions of use cases for instant payments, this session will focus on factors that a company must consider when adopting instant payments as a replacement to legacy payment channels (check, ACH, wire, card). Judson McAdams will discuss how to assess current treasury system capabilities and determining what changes, if any, need to be made. He will talk about overcoming business process inertia and change as well as addressing the cost-benefit uncertainty. He will also review the importance of identifying clients and counterparties for instant payment migration.
Session Outcomes
This session will help corporate practitioners assess how the instant payments value proposition could positively impact their business and internalize the “lessons learned” from early adopters of instant payments.
Learning Objectives
As part of the discussion, Judson will share the experiences of many bank customers as they adopted instant payments in order for participants to compare and contrast it to their own situations, so it can help them make smarter/better informed decisions on instant payments.