If You Can't Break 'Em, Join 'Em

If You Can't Break 'Em, Join 'Em

If You Can't Break 'Em, Join 'Em

NACHA CEO Jan Estep talks with John and Glen about Same Day ACH's continued progress and offers a discount to the upcoming Faster Payments conference. Also, John & Glen discuss a NY Times article featuring Moven's Brett "Breaking Banks" King and FinTech's new FI collaboration model.


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In this episode:

April 23-26 NACHA FASTER PAYMENTS 2017 Conference in Austin, Texas. Faster payments has arrived and the PAYMENTS conference is at the epicenter. Get beyond the hype to the facts and understand what the breadth of Same day ACH and real-time payments opportunities mean to your credit union. Learn from leading strategists and innovators to shape your product offerings and compete. Gain meaningful takeaways to inform your decision making. The first 10 BIGcast listeners that register, will receive $150 discount off their registration at PAYMENTS and entering promo code BESTPOD17 (be sure to use all capital letters).

  • An update on last year’s Same Day ACH rollout.
    • Responses to initial participant surveys.
    • Why fraud did not increase after the rollout.
    • Differences between Same Day ACH Debits and Credits.
    • How the Same Day use cases align with the September to December 2016 statistics, along with a discussion of new and out-of-the-box use cases.
    • The benefits of Same Day for consumers, how businesses can use it to provide benefits for employees, and how it relates to regulations.
  • Information on the upcoming NACHA Faster Payments Conference, including events, attendees, the Challenge 2017, sessions, why the name changed this year, and why you should attend.
  • The NACHA Split to Save campaign to educate employees on the benefits of increasing their savings using “split deposit”.
  • The importance of preparing for Same Day ACH for Debits – Phase 2, and what you should start to work on now.
  • How Silicon Valley tried to disrupt financial services – a discussion on the, “Silicon Valley Tried to Upend Banks…” article published by The New York Times.

To stay in touch with NACHA, you can visit its Web site at https://www.nacha.org/, as well as its social media sites - twitter, and Facebook. Details on the NACHA Challenge 2017 can be found at https://payments.nacha.org/NACHA-challenge. (submission closes on February 28). The Conference site is live at https://www.nacha.org/events/payments-2017.

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Upcoming Events

  • June 11-14 AXFI Conference in Minneapolis Minnesota. Join BIG and OnApproach at the premier educational event for credit unions and community bank professionals who are serious about financial innovation. Register now and save $200 with the early bird special. http://www.axficonference.com/.

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About BIGcast Network

Credit Union Industry Experts, John Best, Founder of Best Innovation Group (BIG), Glen Sarvady, Managing Principal at 154 Advisors and Anne Legg, Founder of THRIVE Strategic Services have teamed-up to offer a new podcast series to form the BIGcast Network. The BIGcast will become a twice weekly podcast and will be offering financial news and thought leadership in the areas of Business Strategy, Innovation, Payments and Leadership to financial institutions globally. Meet the BIGCast Network Team:

John Best is recognized as a thought leader and visionary of technology advancements and financial application development within the credit union industry. Requests for speaking engagements include Symitar national and regional conferences, Information Technologies Credit Union Association annual conference, and CUNA Technology Council, CUNA Marketing Council, CUNA lending Council Filene Water Cooler Annual Symposium and Correlation annual meeting as a keynote speaker.
Anne Legg is founder of THRIVE Strategic Services. THRIVE leads organizations to goal attainment via data translation resulting in innovative and transformational business strategies. Anne is a recognized credit union expert and thought leader with an MBA thesis on the credit union business model as well as two internationally published whitepapers on credit union business strategy. She has served as an SME for CUNA and National University and has instructed at several CUNA schools.
John Janclaes has more than thirty years of experience in the financial services industry, spanning retail banking, brokerage, and insurance. He joined Partners Federal Credit Union in June 2004 as President and Chief Executive Officer. With eleven branches located primarily in California and Florida, Partners serves employees of The Walt Disney Company, currently numbering more than 140,000 members with$1.6 billion in assets under management.

John is founder of The CEO Corner, an online forum to help business leaders and their organizations thrive (www.theceocorner.com). In recognition of John’s commitment to leadership development, proceeds from the sale of his leadership book, "Doing What Matters" will be donated to support scholarships for business leaders in training.
Glen Sarvady’s episodes of the BIGCast will focus on top-of-mind topics impacting the payments world, analysis of recent product launches, acquisitions, partnerships and innovations, and on-site reporting and interviews from industry venues like Finovate, Money 20/20 and NACHA Payments. Interviews will be brief and to-the-point, emphasizing substance and avoiding informercial territory. As with other BIGCast Network offerings credit unions receive added attention, but the discussions will be relevant and entertaining for strategic thinkers across the financial services spectrum, particularly those interested in consumer and small business experience and the real-world effects of breakthrough payment innovations.

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