In this conversation, Payments Professor and Kari Mitchum discuss the role of the Independent Community Bankers of America (ICBA) in supporting community banks and the electronic payments industry. Kari shares her personal journey into the field, the importance of community banks in local economies, and the advocacy efforts ICBA undertakes to represent these institutions. The discussion also covers ICBA's educational initiatives, innovation in banking, and the future of community banking.
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In this conversation, Payments Professor and Kari Mitchum discuss the role of the Independent Community Bankers of America (ICBA) in supporting community banks and the electronic payments industry. Kari shares her personal journey into the field, the importance of community banks in local economies, and the advocacy efforts ICBA undertakes to represent these institutions. The discussion also covers ICBA's educational initiatives, innovation in banking, and the future of community banking.
Writing the Book on Check 21: From the Whitehouse to your house!
The Payments Podium
28 minutes 26 seconds
1 year ago
Writing the Book on Check 21: From the Whitehouse to your house!
Join us for a remarkable continuation of our exploration into the history of electronic checks on "The Payments Podium." This episode features the insightful stories of Phyllis Meyerson and David Walker, key figures in the journey towards the Check 21 Act. As we pick up from the suspenseful moment at the White House guardhouse, David takes us through his memorable walk up to the West Wing, leading to the historic signing of Check 21 by the President. Discover the surprising reactions, the immediate aftermath, and the progressive adoption of electronic checks post-signing. The conversation then shifts to the critical role of the Federal Reserve in facilitating this banking revolution, highlighting the seamless transition banks experienced and the significant impact on the economy. Phyllis and David also delve into the creation of the National Check Professional (NCP) certification, emphasizing its importance for the future of payment professionals. As we ponder the future of checks, our guests share their insights on the enduring relevance of checks in the business world and the untapped potential for further digital transformation. This episode is a must-listen for anyone fascinated by the intricacies of payment systems and the continuous evolution of the financial industry.
The Payments Podium
In this conversation, Payments Professor and Kari Mitchum discuss the role of the Independent Community Bankers of America (ICBA) in supporting community banks and the electronic payments industry. Kari shares her personal journey into the field, the importance of community banks in local economies, and the advocacy efforts ICBA undertakes to represent these institutions. The discussion also covers ICBA's educational initiatives, innovation in banking, and the future of community banking.
