Clearing House CEO Says New System Built With Latest Tech

The video discusses the role of clearing houses, emphasizing that they do not provide credit or liquidity. It introduces the Real-Time Payment (RTP) system, highlighting its speed and potential for innovation. The RTP system's impact on businesses, particularly in reducing fraud and risk, is explored. The video differentiates RTP from blockchain technology and addresses security measures and regulatory concerns. Finally, it discusses the implications of instantaneous transactions for banks and consumers.

What implications does the new payment system have for businesses in urban areas?

What concerns were raised regarding the regulatory environment for the financial system?

How does the new payment system enhance consumer confidence?