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Payment platform Dwolla's head of strategic projects, Jordan Lampe, talks about realtime payments in this episode of Fintech Unfiltered podcast. Lampe explains how banks can use this transactional data to tailor exiting products and services, but also create new ones based on the realtime information exchange taking place during the transaction.
Payment platform Dwolla's head of strategic projects, Jordan Lampe, talks about realtime payments in this episode of Fintech Unfiltered podcast. Lampe explains how banks can use this transactional data to tailor exiting products and services, but also create new ones based on the realtime information exchange taking place during the transaction.
Payment platform Dwolla's head of strategic projects, Jordan Lampe, talks about realtime payments in this episode of Fintech Unfiltered podcast. Lampe explains how banks can use this transactional data to tailor exiting products and services, but also create new ones based on the realtime information exchange taking place during the transaction.
This week Faisal Khan interviews Jordan Lampe who is the Head of Strategic Projects at Dwolla. Dwolla is payments related financial services company in Des Monies, Iowa. Dwolla also is one of the members of the Federal Reserve Task Force on Faster Payments initiative. We had interviewed Jordan earlier on this (See Episode 113). Reconnecting again with Jordan, we ask him on the Faster Payment Task Force Reports that come out (two of them actually): Final Report Part One: The Faster Payments Task Force Approach & Final Report Part Two: A Call To Action. Both these reports were published in July 2017.
Sometimes a change in direction is the way forward. Network aspirant Dwolla has recently pivoted its work toward the product and development teams inside financial institutions. Instead of being a system operator, Dwolla now offers a broad set of APIs designed for those FIs to take advantage of the ACH’s overnight and Same Day ACH services. Dwolla’s shift also comes as the company and the US anticipates the impact of new immediate funds transfer systems Zelle, The Clearing House, and likely others. Take a listen to this conversation with Jordan Lampe, Dwolla’s Director of Communications and Policy Affairs, and Glenbrook's George Peabody as they discuss the Federal Reserve Faster Payments Payments Task Force Steering Committee, use cases for Same Day ACH, and more.
Today, 23rd of September 2016 is a historic day in the Untied States in many ways. 40 years in the making, today marks the first day of what is being called Same Day ACH or SDA. Whilst it isn't instant settlement, it is progress nonetheless. I'm very pleased to have on our show Jordan Lampe who is the VP of Policy & Communication at Dwolla. Dwolla is payments related financial services company in Des Monies, Iowa. Dwolla also is one of the members of the Federal Reserve Task Force on Faster Payments initiative. The company already has a real-time mechanism for faster payments, aptly titled Fisync (as in Financial Sync) that enables real-time payment settlement amongst member banks.
Sending money in real-time is a capability that is growing around the world. “All bank” systems in the UK and Mexico are thriving. Mobile money services like M-Pesa are changing economies and individual lives in developing countries. But in the US, “things are complicated.” We have a crowded landscape in the US without, as in many global markets, a clear mandate from a regulator. In this Payments on Fire podcast, Glenbrook’s Carol Coye Benson and Dwolla’s Jordan Lampe join George Peabody for a discussion on the evolution of Faster Payments in the US, directories, bill pay, and the challenges of interoperability. And best wishes for a relaxing and happy Thanksgiving!
After two weeks off for Thinc Iowa (me) and a new baby (Andy) we're back with episode 60 of your favorite weekly podcast: PrairieCast! During those two weeks of "down time" we came up with some new ideas for the show and we'll be rolling them out over the next several episodes. Guests today: Nathan T Wright of Lava Row and Jordan Lampe of Dwolla. Hosts Geoff Wood of Silicon Prairie News and Andy Brudtkuhl of 48Web Topics discussed: Thinc Iowa, Hudl, Silicon Sixth Avenue in Des Moines