Episode 20 - The Start of a New Beginning: Real Time Payments for Business with Lori Burns, Founder & CEO of RUBYFIVE

In this episode of The Treasury Whisperer's TalkCast Podcast, host Seth Marlowe interviews Lori Burns, the founder and CEO of RUBYFIVE, about her company's mission to revolutionize business payments and liquidity management through real-time solutions. Lori discusses the inspiration behind RUBYFIVE, drawing from her experiences in accounts payable automation and the potential of real-time payment networks like RTP and FedNow. She addresses concerns about faster payments impacting working capital, emphasizing the control and visibility businesses gain over their cash flow. The conversation explores the readiness of companies to receive and apply instant payments, the integration of RUBYFIVE with various ERP systems, and the challenges of educating businesses about the existence and benefits of real-time payments. Lori also shares her perspective on stablecoins as a future payment modality and highlights the importance of security and fraud prevention in payment processes. Finally, Lori discusses her transition from banking and fintech to entrepreneurship, the mentors who guided her, and her strategies for recharging after conferences.