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1033 Open Banking and Payments
Description
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 customer empowerment and fostering the latest fintech advancements. Connie and Mark will explore this topic from the payments perspective, addressing critical issues faced by financial institutions, such as data security.
If you would like to contact Mark for more information, he can be reached at mdixon@nacha.org
Wespay members can listen to Mark Dixon discuss this issue in our December 2024 Quarterly Member update here: https://www.mywespay.org/public/s/member-only-training?tabset-f11fe=4db33
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/membership