40 Years Of Payment Innovations Bob Steen's Journey From Checks To FedNow
In this episode, Bob Steen of Bridge Community Bank reflects on his remarkable 40-year tenure in the banking industry and the evolution of payment systems. Bob shares his early experiences, starting from his military service in 1970 and his involvement in transitioning military payroll from paper to electronic format, an essential precursor to direct deposit. He discusses the bank's pioneering role in adopting check imaging in 1996, well ahead of the Check 21 Act, and its evolution to embrace instant payments with the RTP (Real-Time Payments) and FedNow systems. Bob emphasizes the significant…
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