Name: Eileen O'Mara: The US has FedNow, but it lacks a product layer on top. Exactly what payment companies like Stripe would build with the direct access that could drive significant adoption. Beyond missed opportunities for innovation, the current system also creates dependency risk.
Uploaded: 2026-06-24T14:00:00+00:00
Duration: 25 s
Description: The US has FedNow, but it lacks a product layer on top. Exactly what payment companies like Stripe would build with the direct access that could drive significant adoption. Beyond missed opportunities for innovation, the current system also creates dependency risk.

0:24

Eileen O'Mara

45:35 - 46:00

"The US has FedNow, but it lacks a product layer on top. Exactly what payment companies like Stripe would build with the direct access that could drive significant adoption. Beyond missed opportunities for innovation, the current system also creates dependency risk."

“The US has FedNow, but it lacks a product layer on top. Exactly what payment companies like Stripe would build with the direct access that could drive significant adoption. Beyond missed opportunities for innovation, the current system also creates dependency risk.”

Speaker: Eileen O'Mara
Timestamp: 45:35 – 46:00
Source: House Financial Services: Future of Payments
Community: Alaska News
Captured at: June 24, 2026

From the transcript

We saw the very same thing happen with UPI in India on an even larger scale. The US has FedNow, but it lacks a product layer on top. Exactly what payment companies like Stripe would build with the direct access that could drive significant adoption. Beyond missed opportunities for innovation, the current system also creates dependency risk. Stripe operates in an ecosystem.

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