Fintech Payments Podcasts

NACHA Payments Conference – big bang or slow ramp?

John Best hosts interviews with NACHA speakers about payments and innovation in financial services.

On-site interviews from the NACHA Payments Conference, where leaders of The Clearing House and NACHA discuss their faster payments initiatives and credit union plays. I recap my trip to the Internet Identity Workshop (and explain an ‘un-conference’), plus ClearXChange shares thoughts on innovation in financial services.


  • Steve Ledford, who leads The Clearing House’s real-time payments rollout, reiterates TCH’s plans to go live in early 2017, outlines their approach to achieve ubiquity, and explains the credit union value proposition for their solution. While not executing a ‘Big Bang’, Steve does anticipate “a fairly quick ramp”.
  • Russ Oatman, chairperson of NACHA, speaks about the value of Same Day Payments from the perspective of his role as president of the First National Bank of Omaha. He sees a stronger revenue opportunity in business payments, and plenty of room in the marketplace for real-time and same-day to coexist as complementary solutions. Unlike Steve, however, Russ is in the ‘slow ramp’ camp.
  • Melissa Lowry of ClearXChange discusses the difficulty of “getting something new 100% right the first time”, and offers some ideas for how credit unions and banks can roll out cutting edge products without risking member disruption, and in spite of regulatory constraints.

– This podcast is reproduced with kind permission. Some minor changes may have been made to the text to reflect BankNXT style considerations, but the podcast itself is always unchanged. Read more here. Photo: Suppakij1017,

About the author

John Best

John Best, CEO of Best Innovation group, is recognized as a thought leader and visionary of technology advancements and financial application development within the credit union industry. He is the founder of the BIG Podcast.

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