When money moves, en masse, there are typically collateral requirements somewhere. To oversimplify it, that's basically money (cash) one party has to give someone else in case something goes wrong. Sophisticated organizations might be able to use a bond, letter of credit, debt vehicle, or some other type of asset but most of us get… Continue reading Capital Pool Conundrums
I posted this today and right after I had a bit of a... Moment. All #realtime. All new rails. All @Dwolla. Here's to ideas that become reality. A few years ago this would have never been possible. 10 years ago, it absolutely wouldn't have been possible. When I say, possible... I don't just mean real-time… Continue reading Realtime payments are actually real.
@planetmoney you should do a podcast on @dwolla and how they are working on a real-time payment system. Much faster than the ACH system