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NACHA faster payments; 4 imperatives for risk management

Latest developments in cash and treasury management include:

Faster Payments Playbook for the US

NACHA and the Payments Innovation Alliance are workiing on a Faster Payments Playbook in the US for the industry. With “audience,” “purpose” and “actionable” as foundational elements on which the Playbook will be built, the Group determined key topic areas for inclusion, including faster payments opportunities, business strategy, risk mitigation and compliance, and internal impacts. 

Additionally, they examined the Introduction to Faster Payments in the U.S. publication to outline necessary updates and enhancements, ultimately determining that the next iteration will be more audience specific, emphasize the attributes of faster payments and faster payments options, and articulate the opportunities faster payments present. The Team also determined that the next version of the resource could be broken into two separate components: one that describes the faster payments environment and one that addresses the specific attributes and opportunities of faster payments.

EY survey: “Accelerating digital transformation: four imperatives for risk management”

The survey, a collaboration between EY organization and the Institute of International Finance (IIF), highlights four imperatives that boards, senior management, chief risk officers (CROs) and other key executives will have to address to stay competitive, maintain trust, and successfully achieve their digital transformation ambitions:

adapting to a risk environment and risk profile that is changing faster and more intensively than ever
leveraging risk management to enable business transformation and sustained growth
delivering risk management effectively and efficiently
managing through and recovering from disruptions.


This item appears in the following sections:
Payments - Bill Collection
Regular Bill Payments from Businesses
Regular Bill Payments from Consumers
Risk Management
ERM - Enterprise Risk Management
Making Urgent Payments

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