Current Payment Trends: RTP and Zelle.
Stephen Lenssen and Anthony Amodeo from Bank of America will discuss the benefits of U.S. Real-Time Payments (RTP®), the first new clearing system in the U.S. in more than 40 years, and Zelle, the platform that allows alias based payments using phone numbers or email addresses. Join us to learn more about:
· Benefits of RTP, including 24/7/365 connectivity, speed and enhanced messaging
· Benefits of Zelle, including the ease of use and alleviating sensitive data storage
· Use cases for how RTP and Zelle can add value to all business and their clients
· How RTP will affect treasury operations, from statements to staffing”
Anthony Amodeo, Director, Emerging Payments Product Manager, CTP
Anthony Amodeo is a product manager in the Global Transaction Services Core Cash Management team, with specific responsibility for the development and launch of Real-Time Payments capability in markets around the world. Since summer 2017, Anthony has contributed to Bank of America’s effort to join the first new clearing system in the United States in over 40 years, while also advancing Business-to-Consumer (B2C) disbursement solutions including alias-based payments and digital wallets.
Prior to joining the Emerging Payments team, Anthony held positions as the COO for Large Corporate North America Treasury Sales and as a Liquidity Product Sales Specialist. His liquidity coverage responsibilities included non-bank financial institutions, public sector entities, and the full spectrum of industries and segments in Canada.
Stephen Lenssen, Director, Treasury Sales Officer, CTP
Stephen Lenssen’s primary responsibilities include providing treasury solutions to new clients, supporting existing clients, in all aspects of available working capital tools. In his current role, Stephen is the treasury sales expert in the management of your working capital assets and related operational processes. He provides financial expertise, counsel and customized solutions to help clients reach their complex goals. Additionally, Stephen works with a collaborative team of product managers, sales analysts, technical experts and implementation advisors to ensure a smooth transition and completion of services.
Stephen rejoined Bank of America Merrill Lynch in 2006 after two years with a mortgage lender and previously six years with the Bank of America in government banking.