Member Exclusive, Podcasts

Jack Henry’s Tede Forman on the connection between the gig economy and real time payments

  • Faster payments are coming to smaller banks and credit unions.
  • Jack Henry's PayCenter is helping some of them compete with the bigger banks.
close

Email a Friend

Jack Henry’s Tede Forman on the connection between the gig economy and real time payments

Smaller community banks and credit unions have an opportunity to differentiate and compete in payments. Unfortunately, many smaller FIs haven’t formulated a succinct strategy. It’s a good time to do it — there are technologies and tools out there to help them service their customers better.

Tede Forman is Jack Henry’s head of consumer and commercial payments. He’s seen upfront the evolution in payments — from bill pay to real time payments — and its impact on bank offerings. He joins me on the podcast to talk about the choices and new opportunities in faster payment options. We talk about advances in bill pay technology and how it’s become table stakes for FIs. We also talk about how smaller banks and credit unions are finding ways to punch above their weight through technology partnerships and collaborations.

Tede Forman is my guest today on the Tearsheet Podcast.

SubscribeApple Podcasts I SoundCloud I Spotify I Google Podcasts
The following excerpts were edited for clarity.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Jack Henry’s Tede Forman on the connection between the gig economy and real time payments”

Member Exclusive, Podcasts

‘Founders use the most expensive capital in the world to do something really repeatable’: Behind the popularity of ClearCo’s new funding model

  • Power couple Michele Romanow and Andrew D’Souza co-founded ClearCo to provide capital to growth-oriented founders.
  • Thousands of companies and $2 billion later, the company is off a fresh rebrand and large funding round.
Zachary Miller | May 24, 2021
Member Exclusive, Podcasts

‘It’s not just about sharing –it’s about what consumers can do now’: U.S. Bank and Plaid agree to share data

  • The move towards API-driven, credentialess access to financial data continues.
  • U.S. Bank has singed a bidrectional data sharing agreement with Plaid.
Zachary Miller | May 21, 2021
Member Exclusive, Podcasts

‘Let’s evaluate what a company spends and we’ll help it spend less’: Ramp’s Eric Glyman

  • Ramp became the fast growing unicorn in New York City.
  • CEO Eric Glyman joins us on the podcast to discuss what help businesses need for their finances and how he differentiates against rising competition.
Zachary Miller | May 18, 2021
Member Exclusive, Podcasts

“It is so expensive to get those 10 first bank customers’: JAM FINTOP’s new fund has 66 community bank LPs

  • There's a lot of money flowing into fintech from a lot of different sources.
  • A new fund, built in partnership between a fintech investor and bank investor, brings capital from community banks to tech firms.
Zachary Miller | May 11, 2021
Member Exclusive, Podcasts

‘No one ever said, I can’t wait to go banking today’: Bank of America’s Hari Gopalkrishnan

  • As needs changed during the pandemic, Bank of America customers turned to Erica, its virtual financial assistant, to get help.
  • Bank of America customers are also using more P2P payments, too -- Zelle usage at the bank is up 73%.
Zachary Miller | May 07, 2021
More Articles