The Payments Perspective by Wespay

In today's episode of the Payments Perspective Podcast, the Wespay Education team dives into a fun and occasionally humorous exploration of the history of the ACH network. From its inception with SCOPE in 1968, through the pioneering Wespay (CACHA) network—the Nation’s first ACH Network—past the era of Same Day ACH, and right up to thelatest rules for RDFI Credit Fraud Monitoring effective in 2026...

International payments and foreign exchange (FX) add a unique layer of complexity to any payment transaction. On this episode of the Payments Perspective Podcast, Carmen Murphy, Vice President of Education and Events with Wespay, sits down with Dr. John Min, the self-proclaimed “Chief Nerdy Economist” at Monex, to demystify this intricate subject and shed light on topics like ISO 20022, understand...

In today's episode of the Payments Perspective Podcast, we take a trip down memory lane as we get ready to usher in a new era at Wespay. Join Carmen Murphy and Bill Schoch as they reflect on his tenure at Wespay, the evolution of the payments industry, and how Wespay has supported its members in navigating these changes. If you are interested in becoming a Wespay Member, more information can b...

In this episode of the Payments Perspective Podcast, Connie LaChance, VP of Education and Events at Wespay, and Mark Dixon, Senior Consultant at Nacha, delve into the significance of 1033 Open Banking and its profound impact on the payments industry. Enacted under Section 1033 of the Dodd-Frank Act, this regulation is revolutionizing how we access and share financial data, promising greater custom...

In this episode, Jeff Duffy and James Bi from OrboGraph dive into the impact of Remote Deposit Capture (RDC) on financial institutions and their account holders. They discuss how RDC has revolutionized check deposits, offering enhanced convenience and faster access to funds. However, these advancements come with new challenges, particularly the increased risk of check fraud. Join Jeff and James as...

On this episode, join Jeff Duffy as we welcome back the Payments Professor, Kevin Olsen, from Pidgin to discuss Faster Payments and managing associated risks. They discuss the considerations that financial institutions should have from strategic and operational perspectives, as well as what should be incorporated into their policies to address credit, and fraud risks that Faster Payments present t...

Join Jim Petkovits and Glenn Frantangelo from NICE Actimize as they discuss the upcoming Nacha Rule that will require RDFIs to take a more proactive approach to identifying ACH credits that may have been originated under false pretenses and how financial institutions can use artificial intelligence and other tools to comply with this upcoming requirement.   For more information about NICE Actimize...

On this episode, Jeff Duffy, Assistant Vice President of Education and Events at Wespay, discusses with Erica Brackman from NICE Actimize the recent trends in fraud, and what we can learn from industry data. After reviewing where fraudsters are focusing their efforts, Erica and Jeff discuss what types of scams financial institutions should be on the lookout for, and what they can do to protect the...

Join Carmen Murphy, Vice President of Events and Education at Wespay, and Sherah Spark, Executive Director of Legal, Risk and Compliance at CheckAlt, as they delve into the topic of check fraud. Carmen and Sherah will explore how technology has aided both the creation and detection of check fraud, while emphasizing that, regardless of technological advancements, human involvement remains crucial i...

In this episode, we join Jeff Duffy, Assistant Vice President of Education and Events at Wespay, and Jamie Berg, VP, Sales, Positive Pay from Alkami as they discuss Positive Pay, why it is important, how it works, and how financial institutions can use it to prevent fraud. For more information on Alkami and their Positive Pay Services, please visit their website at  https://info.alkami.com/l/77872...

On this episode we join Connie LaChance, Vice President of Education and Events at Wespay and Kevin Miyamoto Co-Founder and Chief Operations Officer (COO) at Identifee, as they look into the role of artificial intelligence in payments.   For more information on Identifee and their initiatives into artificial intelligence in payment please visit their website at https://identifee.com/ or you can em...

On this episode we join Jim Petkovits, Vice President of Education and Events at Wespay, Mike Herd Executive Vice President, ACH Network Administration. As they take a deeper look behind the ACH Volumes   For more information on Nacha volumes please visit https://www.nacha.org/content/ach-network-volume-and-value-statistics . If you are interested in becoming a Wespay Member, more information can...

On this episode we join Connie LaChance, Vice President of Education and Events at Wespay, John Curtis Senior Vice President and Consulting Business Lead at Wespay Advisors and Chad Dickson Vice President and ACH Manager at Farmers and Merchants Bank . As they discuss developing your Instant Payments Strategy?   For more information on Wespay Advisors and see how they can help your organization de...

On this episode we join Carmen Murphy, Vice President of Education and Events at Wespay and Gail McLaughlin-Toti, Vice President of Global Sales at IQor as they explore the strategic advantages of outsourcing for financial institutions and discuss strategies to streamlines operations, cuts costs, and boosts service quality.   For more information on IQor please visit their website https://www.iqor...

On this episode we join Dan Roth, Senior Director of Communication at Nacha for their Payments SmartCast as he interviews Jim Petkovits, Vice President of Events and Education at Wespay, Cari Conahan, Senior Director & Group Manager at Nacha, and George McKee, President and CEO of Profituity as they discuss the value of obtaining a new version of the Nacha Operating Rules each year.   But firs...

Elder Financial Exploitation is rising with an endless list of scams and frauds.  What more can financial institutions do to protect its elderly consumers?  On this episode of the Payments Perspective Podcast, Patty Presta talks with Athena Mayfield AVP Operations and Payments at UFirst CU about how her credit union is creating a Trusted Contact Program for its seniors. If you would like to contac...

On this episode of the Payments Perspective Podcast Patty Presta is joined once again by Kevin Olsen, also known as The Payments Professor from Pidgin (www.pidgin.net). As they take a closer look at ISO20022, the payment language Kevin states “will change the world”.  If you are interested in becoming a Wespay Member more information can be found on our website at https://www.mywespay.org/public/s...

On this episode of the Payments Perspective Podcast, Connie LaChance talks to Ashley Mustico, Director of Education and Accreditation at Nacha ( https://www.nacha.org/ ) as they take a closer look at multiple payments accreditations, there value and who should consider sitting for these important industry exams.   More information about the Accredited ACH Provisional Exam can be found on the Nacha...

On this episode of the Payments Perspective Podcast Carmen Murphy speaks with Brian Keefe from NICE Actimize https://www.niceactimize.com/ as they discuss instant payments, choosing the right network for your organization, and deciding who should be involved in the implementation plan.   If you are interested in becoming a Wespay Member more information can be found on our website at https://www.m...

On this episode of the Payments Perspective Podcast, Jim Petkovits engages in an insightful conversation with Kevin Olsen, also known as The Payments Professor from Pidgin (www.pidgin.net). They explore the common use cases for Instant Payments.   If you are interested in becoming a Wespay Member more information can be found on our website at https://www.mywespay.org/public/s/about-wespay/members...

On this episode of the Payments Perspective Podcast, Carmen Murphy speaks with Nanci McKenzie ( nmckenzie@affirmativeusa.com ) and James Rowe ( jrowe@affirmativeusa.com ) from Affirmative Technologies. They dive into the proactive strategies of ACH Originator Risk Management.  For more information about Affirmative Technologies, be sure to visit their LinkedIn Page at https://www.linkedin.com/comp...

Welcome to the Payments Perspectives Podcast by Wespay