Fiserv helps financial institutions, businesses and consumers move money around the world. With faster payments one of the hottest topics at Money20/20 in Las Vegas, we caught up with group president for billing and payments, Rahul Gupta, to hear his thoughts on the state of the financial services industry today. During an interview in the Finetics™ Studio, he talks about the firm’s Now Network, P2P and what he means by “payments at the speed of life.”
“In 2015 consumers can’t believe that we’re still moving money from you to me via cheque or cash and that if you’re not in the same location it’s hard to send money quickly,” says Gupta. “Things like P2P should be part of the wider payment experience it’s not thing by itself. The industry has been treating it too long like it is a separate type of transaction. Consumers don’t think about it that way. They just want to know how come this is so slow.”
To hear more on ‘The Future Of Faster’ from NACHA – The Electronic Payments Association CEO Janet Estep, The Bancorp VP of business development Matt Carberry and Sean Rodriguez, the Faster Payments Strategy Leader and Senior Vice President of the Federal Reserve System, check out the Finetics blog.
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