David Watson, President and CEO of The Clearing House, joins American Banker’s Michael Moeser to discuss how banks are navigating a payments landscape that increasingly spans ACH, instant payments, high-value wires and emerging on-chain models.

The conversation explores RTP payments growth and adoption, the role of the CHIPS® network in high-value payments and liquidity management, and how tokenized deposits could connect digital-money capabilities with established payment infrastructure. Watson also explains why the future of payments is less about choosing a single rail and more about matching the right payment option to the customer need, use case, speed, cost and liquidity requirements.

Watch the full conversation for David Watson’s perspective on multi-rail payment strategy, tokenized deposits, instant payments and how financial institutions can prepare for the next phase of payments innovation.