Fintech Payments Podcasts

Interview with Jordan Lampe of Dwolla on Same Day ACH

Interview with Jordan Lampe of Dwolla on Same Day ACH. Main image: Ye Liew, Shutterstock.com
Written by Mike Townsend

The US is one of the few developed economies that does not have a real-time payment settlement mechanism. Faisal Khan talks to Jordan Lampe to find out why.

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.

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. You can read more here. Main image: Ye Liew, Shutterstock.com

About the author

Mike Townsend

Mike Townsend started his career working as a design engineer at Brookstone in Singapore, then as a mechanical engineer at ITT Corporation in Los Angeles, designing radar systems for military grade UAVs. He is the founder of ZingCheckout and Flowtab, and remains very active in the payment industry.

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