Commitment Matters: Mary & Nancy McDonnell - Talking Treasury Management and the Title Industry

In this episode of Commitment Matters, Mary speaks with Nancy McDonnell, EVP, Head of Treasury Solutions at Texas Capital Bank. During their conversation, Nancy or Mary mention:

• Nancy defines Corporate Treasury Management as “money in and money out.” Here’s an article that unpacks this a bit more.
• Want to know more about ERP?
• As Nancy recounts, here’s a brief look at the history of Fintech.
• Nancy mentions systems like Real Time Payments (or account to account payments) have become much more common.
• The United States is one of the last countries to still employ check writing. Payment Journal offers a look at why this practice remains.
• Nancy and Mary talk about The Clearing House.
• Venmo, Paypal, CashApp and other consumer-driven payment types that are driving change to the title and banking industries. Nancy unpacks this with Mary and they explore Zelle, the bank-to-bank answer for real-time corporate banking.
• Nancy talks about payment finality. Here’s a primer on the subject.
• Mary and Nancy discuss the FedNow system and its similarities to Real Time Payments.
• Same-day ACH is a thing now, but what’s the difference between ACH and Wire Transfers? This article explains.
• Nancy talks about bad actors and how their push for urgency is designed to cause you to abandon best practice protocol. Here’s a great list of tips to avoid Wire Fraud.
• When considering a relationship with a bank for your business, Nancy recommends ensuring they understand your unique needs.
• What is OFAC?
• Semi-annual Awareness Training helps prevent fraudulent attempts from being successful. ALTA provides a number of resources for this.
• Nancy talks about how Reputational Risk is as critical as Financial Risk in the Title industry. Here’s how Texas Capital Bank can help.

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Disclaimer: The views and opinions expressed in this podcast are those of the participant and do not necessarily reflect the views and opinions of Texas Capital Bank