Jim Colassano

The Clearing House

Faster Payments 2022: Where We Are and Where We're Going

Thursday, December 1st | 01:30 pm - 02:20 pm ET

Session Description:

For years we have been hearing about the promise of faster payments in the United States. Now faster payments are here, and this new technology is creating opportunities for financial institutions and their customers to transact in novel ways, develop innovative business models, and reach additional groups of customers.

Bio:

Mr. Colassano is the product management executive for the RTP® Product at The Clearing House. He has over 30 years of experience in payments & cash management and joined TCH in 2016 to help launch their real-time payments program. He has accountability for TCH owner and direct bank relationships with the RTP program and works with these banks on opportunities and applications that cross all segments and use cases. He also has responsibility for product innovation, corporate engagement on RTP and other product expansion activities across TCH.

Before joining TCH, Jim spent 10 years with HSBC as a Product Executive in their Payments and Cash Management group. During that period, he served as the Global Product Head for HSBC’s Payables business which had responsibility for all faster payments initiatives as well as cash, check and ACH payment products worldwide. Prior to HSBC, he spent 15 years with JPMorgan Chase in a variety of cash & treasury management roles. Mr. Colassano holds master’s degrees in Banking and Finance from Pace University.