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What’s New in Real-Time Payments for Businesses?

Business Banking Solutions Treasury Management Business Finance

Using real-time payments like Zelle, Venmo, or Paypal, you might give allowance to your kids, split the bill at dinner, or pay a friend back for tickets. As consumers adopt real-time payments at a faster pace, business leaders consider dropping checks and weigh the benefits and risks of real-time payments, as well.

This episode of the First Business Bank Podcast discusses the ever-changing landscape of real-time payments, including:

A brief history of real-time payments
Benefits and risks of real-time payments for businesses
Differences between bank-sponsored payment networks and others
The latest about FedNow instant payments
Where business payments are headed

Real-time payments give business owners more payment flexibility along with the benefit of faster, final payments that are more secure than paper checks. Tune in to our podcast episode for a discussion with several of First Business Bank’s Treasury Management experts discuss real-time payments and how your business might benefit.

video What’s New in Real-Time Payments for Businesses?

Benefits & Risks Of Real-Time Payments For Businesses

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As consumers increasingly use real-time payment services like Venmo, Paypal, Zelle, and CashApp to pay for everything from dog walking to the dinner tab, businesses still use wires, checks, and automated clearinghouse (ACH) for payroll and accounts payable. ...

Featured Experts

Wade Hanna

Senior Vice President – Treasury Management of First Business Bank

Wade Hanna joined First Business Bank in 2000 in client service and left in 2004 to join his wife who was stationed in Japan in the U.S. Navy. Since he returned to First Business Bank in 2005, Wade has held positions as Treasury Management Officer, Vice President - Treasury Management, and Senior Vice President - Treasury Management. He has built long-lasting relationships with a focus on high-tech, biotech, commercial, and industrial sectors.

Alan McAfee

Chief Banking Operations Officer of First Business Bank

Alan McAfee joined First Business Bank in 2014 with more than 10 years of experience in Treasury Management and banking. Since that time, Alan has held many leadership positions at First Business Bank and most recently was promoted to Chief Banking Operations Officer in May 2021. Previously, Alan held positions in retail banking, business relationship management, and Treasury Management sales and support.

Chuck Peterson

Former Vice President II - Treasury Management

Charles (Chuck) Peterson joined First Business Bank in 2021 as Vice President II - Treasury Management with more than 23 years of banking experience — all of them in Treasury Management. He specialized in assisting companies to become more efficient and effective by streamlining their payments and collections processes wherever possible.