20: Joining the RTP® Network: A Firsthand Look Into the Process w/ John Sullivan

Recently, the RTP network has started to grow quite rapidly. Currently, there are about 138 financial institutions on the network and over 100 of those have joined in just the past 12 months. Banks and credit unions that haven’t joined yet tend to see the value in real-time payments. They just haven’t figured out their full real-time payment strategy yet, and naturally, they have a lot of questions. To answer those questions, we’ve invited John Sullivan, EVP/Director of Digital & Technology Strategy at BankNewport, on to the show to share his firm’s experience of joining the RTP network. We discuss: -Why BankNewport decided to joining the RTP network -What the implementation process was like -The value of being a member -Types of transactions sent through the network -Lessons learned through the process Want to hear more episodes like this? Find us on Apple Podcasts, Stitcher, and the Payment Nerd’s website. Listening on a desktop & can’t see the links? Just search for Payment Nerds in your favorite podcast player.