23 September 2016 is a historic day in the Untied States in many ways. 40 years in the making, the date marks the first day of what’s being called Same Day ACH, or SDA. While it isn’t instant settlement, it is progress nonetheless.
I’m very pleased to have on our show Jordan Lampe, VP of Policy & Communication at Dwolla, and he is interviewed in this special episode by Faisal Khan. Dwolla is a payments-related financial services company in Des Monies, Iowa. Dwolla also is one of the members of the Federal Reserve Task Force on the 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 among member banks.
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