http://fasterpaymentscouncil.org/ Faster Payments Council - Blog RSS Feed 2.0 en-us Thu, 09 Apr 2026 10:35:23 GMT Thu, 09 Apr 2026 10:35:23 GMT http://fasterpaymentscouncil.org/blog/10063/EAWG-Use-Case-Repository-Infographic blog The Education & Awareness Work Group (EAWG), sponsored by The Clearing House, developed this infographic which provides guidance on how to use the new Use Case Repository. The robust EAWG Use Case Repository contains over 130 use cases searchable by use case type. Download Infographic Access Use Case Repository Tue, 27 Sep 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/10063/EAWG-Use-Case-Repository-Infographic http://fasterpaymentscouncil.org/blog/10061/The-Story-of-PIX- blog How did the Pix instant payments scheme in Brazil become such a success? This white paper explains the main drivers, use cases, the future of Pix, how banks in Brazil make money with Pix and implications for the U.S.  Download Paper Fri, 23 Sep 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/10061/The-Story-of-PIX- http://fasterpaymentscouncil.org/blog/10015/Faster-Payments-for-Financial-Inclusion-Infographic blog This infographic provides a summary of the recent white paper, Faster Payments and Financial Inclusion, developed by the FPC Financial Inclusion Work Group. Download Infographic   Wed, 21 Sep 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/10015/Faster-Payments-for-Financial-Inclusion-Infographic http://fasterpaymentscouncil.org/blog/10014/QR-Codes-for-Faster-Payments-Infographic blog This infographic provides a summary of the recent white paper, QR Codes for Faster Payments, developed by the FPC QR Code Interface Work Group. Download Infographic Wed, 21 Sep 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/10014/QR-Codes-for-Faster-Payments-Infographic http://fasterpaymentscouncil.org/blog/9457/2022-Prime-Time-for-Real-Time-Global-Payments-Report- blog The benefits of real-time payments in the United States go beyond speed. Economic impact analysis from ACI's 2022 Prime Time for Real-Time global payments report shows real-time payments offer a 32.6% lower average payment cost per transaction for American consumers and firms. Download Report Fri, 29 Apr 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/9457/2022-Prime-Time-for-Real-Time-Global-Payments-Report- http://fasterpaymentscouncil.org/blog/8642/U-S--Faster-Payments-Council-Releases-First-Edition-of-Faster-Payments-Fraud-Survey-and-Report blog For Immediate Release March 9, 2022 – The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today released the first edition of the Faster Payments Fraud Survey and Report. Developed by the FPC Fraud Information Sharing Work Group (FISWG), the new report explores the results of its inaugural Faster Payments Fraud Survey, offers insight in comparison to non-U.S. geographies, and provides a global context of faster payments and fraud. In July 2020, the FPC published the Examining Faster Payments Fraud Prevention white paper, examining the current fraud themes and trends, and approaches for mitigating these risks in a faster payments environment. As follow up to the paper, the FISWG conducted an industry survey in August 2021 to gather more details on actual types of fraud occurring in conjunction with faster payments, how the fraud is being tracked, and preventative tools implemented to protect against fraud. The results of the survey were later analyzed to identify commonalities, outliers, and similar findings of interest, and consolidated in the 2021 Faster Payments Fraud Survey and Report. "Both faster payments and fraud continue to evolve as new technologies and opportunities present themselves," said Andrew Haskell, Director/Product Line Manager at BNY Mellon and Fraud Information Sharing Work Group Chair. "In response, this inaugural Faster Payments Fraud Survey and Report is intended to provide insight into fraud trends and mitigation techniques in the United States and abroad, and synthesized findings from a survey of FPC members. This is a valuable tool for faster payments providers and users alike, with future iterations remaining abreast of market changes." The FPC's newest industry resource begins with an international perspective, then shifts focus to the United States and results from the 2021 survey. As part of the development process, domestic and international research was conducted to detect what fraud trends emerged after launching faster payments, statistics on fraud (if available), and what mitigation techniques were employed. These insights served to inform the survey design and to understand lessons learned from other faster payment system deployments globally. "It was a real pleasure working with this team on such an important topic. The survey confirmed the types of fraud and scams being experienced in the United States follow a similar pattern to other countries," said Deborah Baxley, Partner at PayGility and FPC Fraud Information Sharing Work Group Vice Chair. "One goal of our survey is to highlight faster payments fraud mitigation techniques that will help the entire industry. We're looking forward to keeping up the momentum." The intent is for the inaugural Faster Payments Fraud Survey and Report to be the first of many, with subsequent surveys issued periodically, potentially every two to three years, depending on interest from the industry. Future surveys will incorporate learnings from each preceding survey. The FPC prioritizes inclusion of diverse perspectives in tackling complex topics such as interoperability, identifying real-world solutions that can ease adoption of faster payments, managing security risks and fraud threats, addressing barriers to financial inclusion and cross-border payments, and more, as the organization paves the way toward a future of faster payments for all. For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org. Contact: Elizabeth Grice  U.S. Faster Payments Council                              720-737-7368     egrice@fasterpaymentscouncil.org                                                   About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org. Wed, 09 Mar 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/8642/U-S--Faster-Payments-Council-Releases-First-Edition-of-Faster-Payments-Fraud-Survey-and-Report http://fasterpaymentscouncil.org/blog/8621/2021-Faster-Payments-Fraud-Survey-and-Report blog Developed by the FPC Fraud Information Sharing Work Group, this report explores the results of its inaugural Faster Payments Fraud Survey, offers insight in comparison to non-U.S. geographies, and provides a global context of faster payments and fraud. Download the Report Wed, 09 Mar 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/8621/2021-Faster-Payments-Fraud-Survey-and-Report http://fasterpaymentscouncil.org/blog/8612/Payments-Modernization-in-the-United-States blog The growth of in-market faster payments solutions, along with the impending launch of FedNow in the United States, has created a new dawn for a new generation of payment hubs. ACI Worldwide and the FPC recently completed a survey to help U.S. financial institutions speed their modernization journeys. Download the Report Mon, 07 Mar 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/8612/Payments-Modernization-in-the-United-States http://fasterpaymentscouncil.org/blog/8594/Building-Resilience-with-Faster-Payments blog Each year in February, we celebrate America Saves Week, an effort aimed at encouraging consumers to commit to saving. This year's event, which we recognized February 21-25, focused American consumers on "Building Financial Resilience." According to America Saves, "being financially resilient is more than having access to money; it includes being conscious of your own financial landscape, being aware of available resources, and being willing to seek out and take advantage of opportunities that will support and increase your financial wellness." While all of these are important, having a clear understanding of your personal financial situation might be the most critical to long-term financial resilience. And faster payments can be a key component to ensuring American consumers have the most accurate picture of their financial environment at any given time. How? Well, in order to understand how faster payments can help, it is important to first understand the why. In today's banking environment, transactions can hit accounts at varying speeds. Some transactions may take minutes to post, while others could take longer. This can create confusion for consumers, as the assumed amount of funds in their account may not align with the actual available amount. This, in turn, can cause consumers to overdraft accounts, incurring fees. According to data, 33% of consumers paid at least one overdraft fee in 2020, amounting to $15 billion in overdraft fees.   It's a significant problem for American consumers. And what's even worse is it disproportionately affects those consumers who need the most help. According to one study, 95% of the overdraft fees consumers paid in 2020 were charged to people described as "financially vulnerable and financially coping," or categorized as households "defined by their struggle to spend, save, borrow and plan." These types of households averaged roughly 10 overdrafts in 2020, paying nearly $234 per household in overdraft fees. It's these financial challenges that can severely impact consumers' ability to save and build financial resilience, especially the financially vulnerable. But this is where faster payments can come into play. Faster payments can provide the means to address and solve for the struggles that arise when consumers don't have the most accurate view of their finances. And this is how. Transactions using faster payments can move instantly. Funds and details can be cleared and settled in real-time or near real-time allowing consumer account details and information to be updated just as fast. This can give American consumers a continually accurate and up-to-date view of their financial landscape. Consumers don't have to guess or assume their account balance. They can have certainty and confidence in knowing what is there is a precise reflection of what is actually available. This assurance can significantly reduce the occurrence of overdraft fees, potentially freeing up funds that can be directed towards savings, which can support consumers, particularly the financially vulnerable, in building financial resilience. Being cognizant of your financial landscape is a key component to long-term financial resilience. And faster payments is a surefire way to ensure consumers have the most accurate view of that landscape. It's why the FPC is committed to making faster payments a reality, as these payments, along with other measures to support the financially vulnerable, can go a long way in maintaining the financial health of Americans and building financial resilience. To join our efforts to advance faster payments, visit www.fasterpaymentscouncil.org.   Tue, 01 Mar 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/8594/Building-Resilience-with-Faster-Payments http://fasterpaymentscouncil.org/blog/8485/Seeking-More--Faster-Payments-in-the-U-S--and-Beyond blog This month, the FPC released the results of the third installment of the Faster Payments Barometer, the annual survey that gauges progress and perceptions around faster payments, use cases, trends, and challenges. Each year, the survey is telling: always providing an accurate pulse on where the industry stands with regard to faster payments in the United States. 2021's results spoke loudly, showing us that the industry is doing more but also wants even more when it comes to ubiquitous faster payments. For example, 84 percent of organizations view faster payments as a "must-have," up nearly 10 percent from 2020, and 86 percent of organizations now report using or enabling faster payments. But organizations aren't stopping there; they're planning to grow their offerings: The Barometer revealed that 85 percent of organizations have plans to implement at least one additional faster payments system within the next two years. According to the 2021 Barometer, the industry also has its sights set on faster payments beyond the United States, with real-time, cross-border payments serving as a chief point of focus. Given the near-universal use or enablement of domestic faster payments, it is not surprising that the industry is turning its eye toward real-time cross border payments. Cross-border payments is a massive market, with global cross-border payment flow projected to top $156 trillion this year. Representing a significant portion of payment value, cross-border payments need immediacy, and the idea of clearing and settling those transactions in seconds is attractive to all payments organizations. That, combined with the fact that we are making great strides in advancing U.S. faster payments, probably plays a major part in why the Barometer indicated almost 90 percent of organizations believe the United States should implement cross-border payments within the next five years. Faster cross-border transactions have been and continue to be an important component of our faster payments advancement journey, which is why they are a central part of FPC work. Our Cross Border Payments Work Group has been working diligently on efforts to grow understanding and progress around faster cross-border payments. Last year, the Group released its Cross-Border Faster Payments white paper, which addressed use case and experience requirements for cross-border faster payments, along the dimensions of speed, cost, ubiquity, transparency, and risk. It also identified interoperability approaches, along with associated settlement schemes that are necessary to create a world-class cross-border payment system. The Group is currently working on its next industry resource, which will provide an overview and perspectives on the role of Central Bank Digital Currencies and cross-border faster payments.   And other industry participants and FPC Members are working towards real-time cross-border payments as well. Late last year, EBA CLEARING, SWIFT and The Clearing House (TCH), announced an initiative called Immediate Cross-Border Payments (IXB), which would enable instant payment settlement and real-time messaging between two systems. A number of U.S. financial institutions are participating in the initiative, which could provide FIs of all sizes an efficient solution for faster, cross-border payments, and serve as a significant step towards advancing real-time cross border initiatives. These efforts and the results of the 2021 Faster Payments Barometer have shown us that as an industry we've made significant progress. But there is a strong desire for continual advancement to achieve faster payments in the United States – and beyond – and a resistance to settle for anything less. At the FPC, we won't settle either. We'll continue to work through our Work Groups and with the greater industry to address the challenges and barriers that impede faster payments advancement here in the United States and across the borders. Together, we'll advance and evolve faster payments to bring about the results the industry desires to see.    Mon, 07 Feb 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/8485/Seeking-More--Faster-Payments-in-the-U-S--and-Beyond http://fasterpaymentscouncil.org/blog/8413/U-S--Faster-Payments-Council-Shares-Results-from-3rd-Annual-Faster-Payments-Barometer blog For Immediate Release Feb. 3, 2022 – The U.S. Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released results from the 3rd annual Faster Payments Barometer. The FPC conducted the latest survey of payments system stakeholders to gauge progress and perceptions around faster payments, trends, use cases, and challenges in the United States. The 2021 Faster Payments Barometer was broadly circulated to the industry at large and received responses from a wide range of payments stakeholder segments including financial institutions, core processors, payment network operators, business end users, acquirers, fintechs, and more. The survey was conducted last Fall. This current installment of the Faster Payments Barometer illustrates that faster payments adoption continues to rise. In fact, 86% of respondents' organizations use or enable faster payments and 85% are planning to implement at least one additional faster payments system within the next two years. Further confirming the use of multiple faster payments systems are a necessity, 84% of those surveyed consider them a "must have" for their organization, up nearly 10% from the previous year. The Barometer results show that faster payments interoperability will be a key for success with most respondents (96%) stating they believe it is somewhat to very important. Continued innovation such as real-time, cross-border faster payments will be critical as well with 90% of organizations believing the United States should implement cross-border faster payments within the next five years. "Now in its third year, results from the Barometer study always provide an accurate pulse on where the industry stands with regard to faster payments in the United States," said FPC Executive Director Reed Luhtanen. "This year's survey revealed that as an industry we've made significant progress, but there's a strong desire for continual advancement to achieve faster payments in the United States. At the FPC, we know our work is far from over and with the support of our members through Work Groups, resource development, and industry education, we'll continue to move forward and evolve faster payments." Today, faster payments are being used to support a variety of transactions including disbursements, bill pay, P2P payments, and eCommerce, but faster payments challenges remain. Financial institutions cite their top three challenges as high upfront costs/implementation complexity (63%), lack of ubiquity/ interoperability (58%), and lack of directory services (38%). Businesses also list high upfront costs/implementation complexity (42%) and lack of ubiquity/interoperability (46%) as barriers with lack of provider support (54%) as their top challenge. Not surprisingly, these challenges are impacting satisfaction with faster payments progress in the United States. Survey respondents reported their organizations' satisfaction has slid to 43% in 2021, compared to 49% in 2020. "The insights from this year's Barometer demonstrate both how far we've come and also remind us that there's much work left to be done," said Elizabeth McQuerry, partner at Glenbrook Partners. "Faster payment systems are indeed becoming ingrained in our financial life, but some persistent challenges remain for stakeholders. Many respondents also reminded us that we have not reached an ideal state with the need for interoperability again perceived as key to success." For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org. Contact: Elizabeth Grice  U.S. Faster Payments Council                              720-737-7368     egrice@fasterpaymentscouncil.org                                                   About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org. About Glenbrook Partners Glenbrook is a payments consulting, education, and research firm that brings to our financial services and financial technology clients the unique combination of specialized skills in payments, many years of hands-on experience in the field, and a wide network of professional relationships. The firm helps clients with strategy definition, product development, and the application of technology to solve leading edge problems in the financial services industry. For more information, visit Glenbrook.com.   Thu, 03 Feb 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/8413/U-S--Faster-Payments-Council-Shares-Results-from-3rd-Annual-Faster-Payments-Barometer http://fasterpaymentscouncil.org/blog/8388/Making-the-Case-for-an-Interoperable-Directory-to-Facilitate-Faster-Payments blog This infographic, developed by the FPC Directory Models Work Group, takes its two recent white papers on directory models for faster payments and reduces both into easily digestible content for better industry understanding. The infographic outlines the key core and value-added characteristics that can strengthen the value of a directory service and highlights several areas where a directory can provide efficiencies, revenue, and cost savings. View the Infographic Tue, 25 Jan 2022 06:00:00 GMT http://fasterpaymentscouncil.org/blog/8388/Making-the-Case-for-an-Interoperable-Directory-to-Facilitate-Faster-Payments http://fasterpaymentscouncil.org/blog/7390/The-FPC-in-2021--Much-to-Celebrate blog At the start of any new year, it is only natural to reflect on the events that transpired over the past 12 months. While, as an organization, we faced a number of challenges with COVID's lingering impacts, through strong and persistent Member support, the FPC continued to advance our agenda in 2021, and as such, has much to celebrate, as we look to 2022. Industry Education With FPC Member help, we continued to provide the industry with resources and educational materials to support faster payments adoption and advancement. We launched seven new white papers and reports, including the Cross Border Faster Payments White Paper and Why Interoperability is Important for Faster Payments report. We also published a Solutions Provider Catalogue, which details the available faster payments solutions, products and services offered by FPC members. The catalogue lists solution/product names, descriptions of solutions/products, method of clearing for the faster payment solution/product, and more. It really provides a simple overview of available faster payments options in the market today. Also in the coming weeks, our Directory Models Work Group will be releasing a new infographic, Making the Case for an Interoperable Directory to Facilitate Faster Payments, which takes both of its 2021 papers on directory models for faster payments and reduces the content into easily digestible tidbits for better industry understanding. And earlier this year, we launched our podcast, "Off the Rails from the U.S. Faster Payments Council." The podcast features monthly interviews with payments industry leaders discussing some of the most important faster payments topics affecting our industry. To date, the podcast has had more than 1500 downloads, and as a result of the success, in 2022, we will be increasing the frequency from monthly to bimonthly. Member Education We also continued to keep Members in the know, with Member-specific activities and events. This year, we held two Member Meetings, albeit virtual, still fruitful with 28 hours of education and networking, 75 Member and guest speakers, and more than 700 attendees across both events. We are planning to resume in-person meetings in 2022, with our first meeting planned for March 3-4 at the Loews New Orleans, with some new twists on how education is delivered to keep meetings more interactive. If interested in participating, please visit the FPC site to register. In addition to our Member Meetings, we hosted five Town Hall events, with the most recent on the preliminary results of the third annual Faster Payments Barometer Study. The 2021 installment of the Study will provide insights into progress and perceptions around faster payments, as well as industry views on value-added services around faster payments and potential future enhancements. Results will officially be released in early 2022. Member Engagement We also helped ensure our Members remain engaged. To that end, we added a new Work Group, Secure Instant and Immediate Payment APIs, to our seven existing ones. And we established Microsoft Teams as a new membership engagement channel that's leveraged across all the FPC's Work Groups and other committees and Board. I wholeheartedly believe it is these efforts, along with our commitment to education, that the FPC now sits at 170 plus Members strong and growing. So, yes, we have a lot to celebrate. And while our journey is far from over, we are making the steady and necessary progress to get us to ubiquitous faster payments for all. It is the FPC Members' dedication and commitment, knowledge and understanding, and inspiration and passion for faster payments that continue to fuel the organization and our mission. But we need more. As stated earlier, we are not at the finish line. We need a considerable and diverse membership base to represent the diverse nature of our industry. With strong and varied representation, we can ensure the various needs of the industry are addressed to achieve ubiquitous faster payments. So, if you have a passion for faster payments, and want to play a role in shaping its future, I invite you to consider being our newest Member. Help us make 2022 a pivotal year in faster payments. We look forward to what's to come next. Thu, 30 Dec 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/7390/The-FPC-in-2021--Much-to-Celebrate http://fasterpaymentscouncil.org/blog/6984/Real-Time-Payments--A-Priority-for-Financial-Institutions blog This white paper, commissioned by Fiserv, Inc. and produced by Javelin Strategy & Research, underscores that financial institutions do not need to focus resources on convincing consumers that real-time payments are worthwhile because they already understand the benefits. The goal is to change consumer perceptions of real-time payment capabilities offered by financial institutions through six recommended actions. View the Document Wed, 24 Nov 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/6984/Real-Time-Payments--A-Priority-for-Financial-Institutions http://fasterpaymentscouncil.org/blog/6542/Taking-on-Cross-Border-Faster-Payments-to-Meet-Newfound-Consumer-Expectations blog Today's consumers want fast, easy, digital transactions. It is now what they are accustomed to with the seamless and easy nature of services such as Airbnb, and what they demand, given the safety concerns brought on by the pandemic. And while we are making significant progress towards creating a faster, digital payments experience for domestic transactions – with real-time payment growth expected to increase from 734 million in 2019 to 4.2 billion by 2024 – cross-border faster payments is an area that still needs some work. Today, cross-border transactions represent a trillion-dollar market. Data suggests that total global cross-border payment flow will top $156 trillion by 2022. While it represents a significant portion of payment value, cross-border transactions can be complex, involving a number of different players, can take some time to reach the intended recipient, and lack interoperability. But with volume and value of these transactions only expected to increase, cross-border faster payments are easily the next payments pain point ripe for solving. At the FPC, we are tackling this issue head on. We have established a Cross Border Payments Work Group, and the work of these dedicated FPC Members has already resulted in the release of our latest white paper, Cross-Border Faster Payments. The paper addresses use case and experience requirements for cross-border faster payments, along the dimensions of speed, cost, ubiquity, transparency, and risk. It also identifies interoperability approaches, along with associated settlement schemes that are necessary to create a world-class cross-border payment system. While the paper does not prescribe the specific interoperability approach to achieve faster cross-border payments, it does outline three models that could facilitate cross-border payments of the future, and the pros and cons associated with each of them. All signs point to the industry being ripe for this information. In fact, the Financial Stability Board also recently issued a consultative document, Targets for Addressing the Four Challenges of Cross-Border Payments, in which it seeks feedback to help set quantitative global targets for addressing the challenges of cost, speed, transparency, and access faced by cross-border payments. Feedback will be accepted through July 16, 2021, and can be sent to fsb@fsb.org. Ultimately, final feedback will be delivered for endorsement at the G20 Summit in October 2021 and published. Certainly, achieving a seamless cross-border faster payments vision won't be an easy task. It will take continued education, dialogue, feedback, and consensus to get us there. As our cross border paper highlights, "Influential payments industry groups, combined with national and regional bodies that have been driving local faster payments, must come together to agree on methods of interoperability, settlement, and messaging to provide a cross-border faster payment." The FPC is driving this conversation and addressing other tough faster payments topics. If you'd like to join these efforts, please consider becoming a Member of the FPC and joining our Cross Border Payments Work Group or any of our other Work Groups addressing faster payment opportunities and challenges. Visit fasterpaymentscouncil.org/Why-Join-the-FPC to learn more. We hope you'll join us. Because, without a doubt, we'll continue to leverage ideas, input, and work effort from our Members and the greater industry to advance faster payments, and we want your voice reflected in our decisions. Tue, 29 Jun 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/6542/Taking-on-Cross-Border-Faster-Payments-to-Meet-Newfound-Consumer-Expectations http://fasterpaymentscouncil.org/blog/6476/U-S--Faster-Payments-Council-Publishes-Interoperability-Research-Report blog For Immediate Release June 23, 2021 – The U.S. Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released the research report, Why Interoperability is Important to Faster Payments. The report is the latest part of a three-year, multifaceted industry study consisting of quantitative and qualitative research, launched by the FPC and Glenbrook in 2019. Published the last two years, the Faster Payments Barometer, an online survey of industry professionals, offered insights from businesses, financial institutions (FIs), consumer organizations, and payment providers. Results from both annual surveys indicated that industry stakeholders from across the value chain overwhelmingly believe interoperability is important for broader adoption of faster payments. "Interoperability has been a recurring theme across the FPC's work efforts and a hot topic within the industry at large in recent years," said FPC Executive Director Reed Luhtanen. "Both the 2019 and 2020 Faster Payments Barometer studies showed more than 70 percent of stakeholders agree that faster payments system interoperability is important. As a result, we decided to focus our latest qualitative research with Glenbrook on 'why' interoperability is important to end users and providers alike, in order to identity the best path forward to ubiquitous faster payments." Available in the FPC's Faster Payments Knowledge Center, the new research report addresses three key questions posed to interviewees: How does the industry define interoperability? What are some of the attributes associated with interoperability? What benefits might be realized if interoperability is achieved? Those interviewed for the report generally agreed on the definition of interoperability—1) the ability to pay anyone at any time to any account, and 2) the ability to seamlessly identify and pay another person regardless of the payment system used. Many of the interviewees also cited common attributes as integral to achieving interoperability including message formats (specification/data), operating rules and guidelines, settlement, and business processes. In response to tangible benefits of interoperability, interviewees highlighted an enhanced customer experience, more competitive market, improved operational efficiency, and reduced risk exposure. "This research report provides a nuanced view into stakeholder expectations for interoperability in the United States," said Elizabeth McQuerry, partner at Glenbrook Partners. "Expanding on the findings from the Faster Payments Barometer, stakeholders expressed not only consistent reasons for why interoperability is important but also had a pragmatic openness to how it is achieved. This flexibility may prove to be a critical component for faster payments to become ubiquitous in the United States."  The FPC prioritizes industry collaboration in tackling complex topics such as interoperability among faster payments solutions, identifying real-world solutions that can ease adoption of faster payments, managing security risks and fraud threats, addressing barriers to financial inclusion and cross-border payments, and more, as the organization paves the way toward a future of faster payments for all. For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org. Contact: Elizabeth Grice U.S. Faster Payments Council  720-737-7368 egrice@fasterpaymentscouncil.org About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org. About Glenbrook Partners Glenbrook is a payments consulting, education, and research firm that brings to our financial services and financial technology clients the unique combination of specialized skills in payments, many years of hands-on experience in the field, and a wide network of professional relationships. The firm helps clients with strategy definition, product development, and the application of technology to solve leading edge problems in the financial services industry. For more information, please visit Glenbrook.com.     Wed, 23 Jun 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/6476/U-S--Faster-Payments-Council-Publishes-Interoperability-Research-Report http://fasterpaymentscouncil.org/blog/6475/Why-Interoperability-is-Important-for-Faster-Payments blog Developed in partnership with Glenbrook Partners, this research report explores why interoperability is important to industry stakeholders. The report is part of a three-year, multifaceted industry study consisting of quantitative and qualitative research, launched by the FPC and Glenbrook in 2019. View the Document Wed, 23 Jun 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/6475/Why-Interoperability-is-Important-for-Faster-Payments http://fasterpaymentscouncil.org/blog/6369/Cross-Border-Faster-Payments blog Developed by the FPC Cross-Border Payments Work Group, this white paper addresses use case and experience requirements for cross-border faster payments, particularly along the dimensions of speed, cost, ubiquity, transparency, and risk. It is structured to identify interoperability approaches, along with associated settlement schemes that are necessary to create a world-class cross-border payment system. View the Document Mon, 14 Jun 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/6369/Cross-Border-Faster-Payments http://fasterpaymentscouncil.org/blog/6322/U-S--Faster-Payments-Council-Announces-2021-Board-of-Directors blog FOR IMMEDIATE RELEASE  May 24, 2021 – The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today released the results of the 2021 election for its Board of Directors. In this year's election, FPC members voted in new directors who bring diverse expertise and decades of leadership in key areas that are vital to the organization's future operations and strategy. Newly elected and re-elected members of the FPC's Board of Directors include Kevin Christensen, SHAZAM; Charles Harkness, Corporate One Federal Credit Union; Steve Kenneally, American Bankers Association; Beverly Kennedy, JPMorgan Chase Merchant Services; Cathy Lesser Mansfield, National Consumer Law Center; Steve Mott, BetterBuyDesign; Carl Slabicki, BNY Mellon; Perry Starr, Target; and Antonia Stroeh, Mastercard. "We're excited to welcome our new directors to the Board during this pivotal stage in the FPC's evolution," said FPC Board Chair Michael Bilski. "Each of these highly accomplished members provides our board with a unique background and perspective and we look forward to their expertise and guidance as we chart the course for the future of faster payments. I'd like to also take this opportunity to thank the group of directors who will be stepping off the Board, each of whom has contributed greatly to the success of the FPC and helped advance our mission." The FPC Board is accountable to the members for setting the organization's strategic direction and ensuring processes, activities, and recommendations are consistent with its fundamental principles. In addition, the Board is responsible for ensuring the views of all segments are heard during deliberations at the Board, committee, and work group levels.  "With the addition of this exceptional group of directors to our Board, we will continue to shape and achieve the FPC's goals and ideals for the future," said FPC Executive Director Reed Luhtanen. "Thanks to the dedication of the FPC Board and our members, a solid foundation has been set, but much more work lies ahead of us—as an individual organization and as a collective industry. I look forward to collaborating with the entire Board and forging ahead to further move the needle on faster payments." As a principles-based organization, the FPC's structure, operations, and activities are designed to adhere to the fundamental values of inclusiveness and fairness; flexibility and responsiveness; and transparency in decision-making. "We are proud to have a Board of Directors that is so dedicated to the FPC's core values and mission, all of whom have distinct abilities and knowledge, and provide valuable insights to our organization," added Bilski. Business End Users Perry Starr, Target Corporation (term ends 2024) Stuart Dwyer, Microsoft (term ends 2023) Matt Howarter, Walmart Inc. (term ends 2022) Consumer Organizations Cathy Lesser Mansfield, National Consumer Law Center (term ends 2024) Adam Rust, National Community Reinvestment Coalition (term ends 2023) Financial Institutions Charles Harkness, Corporate One Federal Credit Union (term ends 2024) Robert Palmer, Community Bankers Association of Ohio (term ends 2023) Michael Bilski, North American Banking Company (term ends 2022) Carl Slabicki, BNY Mellon (term ends 2022) Others Steve Kenneally, American Bankers Association (term ends 2024) John Drechny, Merchant Advisory Group (term ends 2023) Susan Doyle, EPCOR (term ends 2022) Steve Mott, BetterBuyDesign (term ends 2022) Payment Network Operators Antonia Stroeh, Mastercard (term ends 2024) Steve Ledford, The Clearing House (term ends 2023) Matt Friend, Visa (term ends 2022) Technology Providers Kevin Christensen, SHAZAM (term ends 2024) Kim Ford, Fiserv (term ends 2023) Deborah Matthews Phillips, ICBA Bancard (term ends 2022) Beverly Kennedy, JPMorgan Chase Merchant Services (term ends 2022) Contact:  Elizabeth Grice     U.S. Faster Payments Council               720-737-7368     egrice@fasterpaymentscouncil.org                    About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.    Mon, 24 May 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/6322/U-S--Faster-Payments-Council-Announces-2021-Board-of-Directors http://fasterpaymentscouncil.org/blog/6218/Exploring-How-Faster-Payments-Can-Support-Financial-Inclusion- blog April is Financial Literacy Month, when the nation is focused on spreading financial literacy education to help consumers understand how to better manage money. In a time when many Americans are still reeling from the financial impacts of the ongoing COVID-19 pandemic, supporting financial well-being for all consumers, especially the unbanked and underbanked, has never been more important. During our Spring Conference earlier this month, we held a session called, "Faster Payments: Accelerating Financial Inclusion." Adam Telem, Vice President, Product Management, Mastercard, who moderated the session underscored a key concept being addressed by the FPC. "It is really critical to think about how we, as an ecosystem, can come together and drive the right financial services for unserved and underserved consumers and small businesses." With 106 million financially vulnerable Americans and many weakened small businesses as result of COVID-19, attendees felt the full weight of the statement.  "That's why the [FPC's] Financial Inclusion Work Group is so important," Jay Collins, General Counsel and Corporate Development Officer, Ingo Money, Inc., one of the session's four panelists, added. "There are so many avenues faster payments are in. Bringing together all of these different financial companies and different stakeholders into the Work Group will help highlight all the areas that we need to be working on to help financial inclusion take a step forward this year." The Financial Inclusion Work Group plans to create a blueprint for leveraging faster payments to accelerate access to the financial system for those unbanked and underserved Americans. The Group will work to showcase and explain how faster payments adoption is part of a holistic approach to advancing financial inclusion and mitigating some or all of the issues, concerns, and necessities of those most in need of financial services.  While it has a big task ahead of it, the discussion from the recent session provided some guideposts for initial efforts that will make the biggest impact. Panelists agreed that consumer protections, continued education, and efforts to upgrade legacy systems were of paramount importance. "The idea of certainty that comes with a faster payment, which is a benefit in and of itself, also needs to come with robust protections," said Christina Tetreault, Manager, Financial Policy, Consumer Reports, another participant in the session. "We are eager to see these products roll out solving problems, and coming with solutions to people and protections that inspire confidence and will drive greater use and adoption." In addition to protections, education is also critical. "Education is key in the space to let people know what is going on and how a payment is made and what protections are in place today or possibly in the future," said Collins. "That is a big area you want to focus on when trying to bring consumers into the financial realm."  "And there has to be an education of the value of being included in the banking system itself," added Carlos Naudon, President & CEO, Ponce Bank. "Many underserved are being served with alternative banking means, which are arguably more expensive than they would be through the banking system. There are barriers that need to be overcome. But that is what we can address with education."  And finally, there needs to be a continued focus on modernization. "There's opportunity for us to take advantage of getting legacy processes and systems out of the ecosystem," said Beverly Cole, Senior Director, Global Treasury, Walmart. "This can be focused on pretty quickly. These are steps that we can take now as we are trying to figure out the long journey. " While I don't think anyone would disagree that supporting financial inclusion is a long-term effort, the recent session at the Spring Conference underscored that point once again. There are many components to supporting the unbanked and underbanked – people, processes, systems – all of which have intricacies and nuances of their own. Now is the time to ensure their needs are met through the opportunities faster payments bring. The FPC's Financial Inclusion Work Group is open to additional participants. If you are interested in helping to support the financial well-being of the unbanked and underbanked through faster payments, consider joining the FPC. Learn more here.   Fri, 30 Apr 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/6218/Exploring-How-Faster-Payments-Can-Support-Financial-Inclusion- http://fasterpaymentscouncil.org/blog/5339/U-S--Faster-Payments-Council-Launches-New-Work-Groups-Focused-on-Financial-Inclusion-and-Real-Time-Recurring-Payments blog The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today announced it has launched two new FPC Work Groups: Financial Inclusion and Real-Time Recurring. The newest work groups are in addition to the FPC's wide range of workstreams on faster payments topics such as education and awareness, cross border payments, fraud, QR codes, regulatory, and directory models. The Financial Inclusion Work Group will create a blueprint for leveraging faster payments to accelerate access to the financial system for unbanked and underserved Americans. The group will examine the current state of issues, concerns, and needs of unbanked and underserved consumers and small businesses, in order to develop and inform the industry on a holistic approach to better serve this segment of the economy. "Faster payments stand to offer people the ability to manage their money, track their balances, and make payments like rent and utilities in real time," said Adam Rust, senior policy advisor at the National Community Reinvestment Coalition. "This capability is essential for those households living paycheck to paycheck who need to make payments immediately to avoid fees and other penalties later. But faster is not always better, so we need to get strong consumer protections in place to prevent fraud, loss, and abusive practices." The Real-Time Recurring Work Group will promote the development and adoption of real-time recurring payment solutions to be used by business end users and financial institutions. The group plans to develop a real-time recurring workflow for faster payments by identifying current approaches, applicable use cases, best practices, and guidance for implementation.  "As people increasingly look for digital solutions and choice in payment rails to meet their needs, it's imperative to examine the current issues and barriers to the adoption of faster payments," said Ron Shultz, executive vice president, New Payment Flows, North America at Mastercard. "The FPC's two new work groups will play an important role in helping to advance faster payments in the United States through its commitment to increasing access to our payments system and developing payments products that are faster, more user-friendly, and convenient." The ideas for new FPC Work Groups are brought forward by FPC members from across the payments ecosystem. Over the course of the last year, the FPC and its Work Groups have undertaken many important projects to advance its mission of inclusive and ubiquitous faster payments in the United States.   "The list of use cases for real-time recurring payments has grown substantially in recent years. The need for payment solutions that are faster and more flexible for consumers and businesses alike has not been greater," said Joshua Karoly, director of payments, Netflix. "From recurring ecommerce purchases to utility payments to investment account funding, there are many opportunities for real-time recurring payments to help make our lives easier." The FPC prioritizes industry collaboration in tackling complex topics such as interoperability among faster payments solutions, identifying real-world solutions that can ease adoption of faster payments, managing security risks and fraud threats, addressing barriers to financial inclusion and cross border payments, and more, as the organization paves the way toward a future of faster payments for all.  For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org.   Contact: Elizabeth Grice     U.S. Faster Payments Council               720-737-7368     egrice@fasterpaymentscouncil.org                    About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose vision is a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.  ### Fri, 19 Feb 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/5339/U-S--Faster-Payments-Council-Launches-New-Work-Groups-Focused-on-Financial-Inclusion-and-Real-Time-Recurring-Payments http://fasterpaymentscouncil.org/blog/5289/Leveraging-Past-and-Present-to-Guide-the-Future blog Maya Angelou once said, "You can't really know where you are going until you know where you have been." As the new year begins to take shape, this idea continues to resonate as a strong guiding principle for the work of the FPC. For our work, evaluating where we've been has led us on a firm path forward. Past ideas, information, and actions shape our current conditions, which ultimately inform future states. It's this idea that motivates our continued work on the Faster Payments Barometer, an annual outlook on faster payments views and trends that we've used to help us shape work efforts that advance faster payments. It's also why we maintain our Faster Payments Knowledge Center, full of historical and current resources and tools to support ongoing faster payments understanding. And this month, it's also one of the reasons we are excited to announce the release of the FPC's newest industry report, "The State of Play in U.S. Faster Payments."  This new resource created by the FPC's Network Committee provides an in-depth look at a number of faster payments networks in the United States, the infrastructure and platforms on which today's real-time payments move. In our current environment, we have a multitude of players and each has its own set of characteristics, user experiences, and available services and offerings. Our new resource provides a rarely seen, easy-to understand, side-by-side comparison of many of the available, and forthcoming, faster payments networks and their attributes in one comprehensive offering.  Given the current faster payments environment, with 77% of organizations using or enabling faster payments, having an accurate and comprehensive picture of the landscape is critically important1. A precise picture can support organizational implementation plans; it can bolster confidence in faster payments solutions as a viable payments solution; and it can further adoption and use – all goals the FPC seeks to achieve. Through its thoughtful examination of the faster payments landscape, "The State of Play" serves as a most thorough resource to characterize the lay of the land. It provides an overview of how we are using faster payments, and how these applications have addressed the challenges of COVID-19. The resource also breaks down features of the networks, from types of transactions processed (credits vs. debits) to the fraud and risk control measures in place for each. In addition, it provides a true illustration and understanding of how funds move on the networks, delivering a clear picture of the real-time transactional process.  This thorough analysis of the state of faster payments is foundational to increasing knowledge and understanding of faster payments. With the knowledge and understanding of where things stand today, we can continue to shape and achieve the goals and ideals for the future. Projects like the Faster Payments Barometer, Faster Payments Knowledge Center, and now "The State of Play in U.S. Faster Payments" help establish the foundations on which we can continue to build. And it is on these building blocks, shaped by the past and present, that we can set the course for where we are going.  If you're interested in helping the FPC chart the course for the faster payments ecosystem of tomorrow, consider becoming an FPC Member. You can participate in the idea generation and development of projects like "The State of Play in U.S. Faster Payments," that will ground us in understanding to inspire the actions to move us forward. To join, visit fasterpaymentscouncil.org/members.  12020 Faster Payments Barometer: Assessing Faster Payments in the U.S. Mon, 01 Feb 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/5289/Leveraging-Past-and-Present-to-Guide-the-Future http://fasterpaymentscouncil.org/blog/5273/The-State-of-Play-in-U-S--Faster-Payments blog Developed by the FPC Network Committee, the State of Play in U.S. Faster Payments industry report provides an update on the market for instant and immediate payments services in the United States, focusing on the various underlying payment networks. The report breaks down features of the networks, from types of transactions processed (credits vs. debits) to the fraud and risk control measures in place for each, and provides a true illustration and understanding of how funds move on the networks. View the Document Tue, 26 Jan 2021 06:00:00 GMT http://fasterpaymentscouncil.org/blog/5273/The-State-of-Play-in-U-S--Faster-Payments http://fasterpaymentscouncil.org/blog/5115/AFP-Payments-Guide--The-Changing-Face-of-Cross-Border-Payments blog Cross-border payments are vital to the overall global payments infrastructure. But while new initiatives and payments technology innovations have emerged in recent years to move cross-border payments forward, multiple obstacles remain in place and new ones are quickly becoming more apparent. AFP's latest Payments Guide explores the cross-border payments infrastructure, and the challenges it has faced in recent years. Download the Guide Wed, 09 Dec 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/5115/AFP-Payments-Guide--The-Changing-Face-of-Cross-Border-Payments http://fasterpaymentscouncil.org/blog/5026/-Accelerating-The-Real-Time-Payments-Demand-Curve blog Accelerating The Real-Time Payments Demand Curve: What Banks Need To Know About What Consumers Want And Need, a PYMNTS and Alacriti collaboration, examines consumers' understanding of real-time payments and the methods they use for different types of payments. The report explores consumers' interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities. Download Now Thu, 19 Nov 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/5026/-Accelerating-The-Real-Time-Payments-Demand-Curve http://fasterpaymentscouncil.org/blog/4760/U-S--Faster-Payments-Evolution--Share-Your-Thoughts-on-the-Journey blog For most of us, the pandemic has upended our way of life. It has changed our working styles and environments. It has altered shopping habits. It has driven a surge in touchless and remote transactions. And while all of these are colossal shifts for the American people, the one even larger change stemming from the pandemic lies in the transition to faster payments. While in the United States ubiquitous instant payments are not yet a reality, the American people, now more than ever, are urgently demanding 21st century digital solutions in all facets of life. Case in point, when stimulus payments were disbursed to assist Americans through the early part of the pandemic, many people received them relatively quickly through direct deposit. But about 34 million people waited a month or more for paper checks, and it is estimated that as many as 35 million are still waiting on payments. In a time when many American families are facing financial hardship, "waiting on payments" could have detrimental consequences. With systems like The Clearing House's Real Time Payments (RTP®) Network now available, faster payments are clearly advancing. But our 2019 Faster Payments Barometer study showed that still was not enough. According to the survey, 50 percent of organizations believed we were gaining momentum in terms of faster payments implementation, but almost 60 percent believed we were not making enough progress. Since the release of that survey last year, there have been additional faster payments gains. The Federal Reserve has continued apace with the development of FedNow℠, an additional real-time payments platform set to launch as early as 2023; and countless products and solutions have been developed to support faster transactions. As such, use of faster payments has increased, so much so, it is estimated that transaction value will reach $905 billion by the end of this year. Given these additional advances, and a growing desire for faster payments to address some of the financial hardships provoked by the pandemic, as an industry, we must better understand what it will take for us to expedite faster payments implementation and adoption. As the entities enabling and using faster payments in the United States, we must ensure that we're collectively poised to deliver the right solutions at the right time. And that's why, in part, we've launched the 2020 Faster Payments Barometer study. We are currently soliciting feedback from the financial services industry to gauge perspectives on the state of faster payments in the United States. Varied insights from the larger financial services community will allow us to truly understand where we are and what it will take to get us to where we want to be.  Faster payments has been on the horizon in the United States for a long time. Although we have been making incremental progress, faster payments is still not a norm in the United States. But today's environment demands that we speed up transaction times to better meet the needs of Americans. We know your input will help guide the direction we take to do just that, and we thank you in advance for sharing your thoughts with us. The Faster Payments Council invites you to provide your perspectives to the 2020 Faster Payments Barometer Study: https://www.research.net/r/fpcsurvey2020      Mon, 05 Oct 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/4760/U-S--Faster-Payments-Evolution--Share-Your-Thoughts-on-the-Journey http://fasterpaymentscouncil.org/blog/4369/U-S--Faster-Payments-Council-Releases-Consumer-Bill-Pay-Research-White-Paper blog Collaboration with Glenbrook Partners Explores How Faster Payments Can Transform the Bill Pay Experience July 22, 2020 – The U.S. Faster Payments Council (FPC), in partnership with Glenbrook, today released the research white paper, "Faster Payments and the Potential to Transform Consumer Bill Pay." This latest paper is part of a three-year, multifaceted industry study consisting of quantitative and qualitative research, launched by the FPC and Glenbrook last year. The inaugural "Faster Payments Barometer," an online survey of industry professionals, published in Fall 2019, offered insights across businesses, financial institutions (FIs), and payment providers. Results from the survey indicated that bill pay ranked as one of the top three use cases for both FIs and businesses with nearly 60% of respondents indicating it as a top priority. Given these findings, the FPC and Glenbrook positioned bill pay as the subject for a second round of qualitative research. "Faster payments systems allow consumers, businesses, and financial institutions to resolve some long-standing pain points, as seen in the bill payment use case examined in this white paper," said FPC Executive Director Reed Luhtanen. "Our latest research uncovered evolving issues and challenges in the bill pay space, which will help guide the FPC's current and future workstream topics and set the stage for the ubiquitous adoption of faster payments." Available in the FPC's Faster Payments Knowledge Center, the new research paper takes a close look at the two main models that serve the consumer bill pay industry today:  The biller direct model where the consumer interacts directly with the biller via the biller's website or designated physical location. The bank bill pay model where the consumer interacts with its online/mobile banking platform to request a payment be sent to the biller's bank.  In addition to presenting the benefits and drawbacks of the two models, the paper explores how Request for Payment (RfP) messaging could bring the best of both models together to help drive broader industry adoption, and ultimately transform the bill pay experience. The paper also discusses the various barriers to adoption of faster payments in consumer bill pay including a faster payments ecosystem that is highly fragmented, the business case for billers not being as strong as for FIs, and the need for a fundamental shift in consumer behavior.  "We are pleased to continue this important research in collaboration with the FPC. Our research highlights the opportunity for additional industry collaboration on the development of guidelines, best practices, and supporting tools that will help all stakeholders engage and participate in faster payments for consumer bill pay," said Beth Horowitz Steel, partner at Glenbrook Partners.  The FPC prioritizes industry collaboration in tackling complex topics such as interoperability among faster payments solutions, identifying real-world solutions that can ease adoption of faster payments, managing security risks and fraud threats, addressing barriers to cross border payments, and more, as the organization paves the way toward a future of faster payments for all.  For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org. Contact:  Elizabeth Grice  U.S. Faster Payments Council   720-737-7368 egrice@fasterpaymentscouncil.org  About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose mission is to facilitate a world class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC will use collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.  About Glenbrook Partners Glenbrook is a payments consulting, education, and research firm that brings to our financial services and financial technology clients the unique combination of specialized skills in payments, many years of hands-on experience in the field, and a wide network of professional relationships. The firm helps clients with strategy definition, product development, and the application of technology to solve leading edge problems in the financial services industry. For more information, please visit Glenbrook.com.   Wed, 22 Jul 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/4369/U-S--Faster-Payments-Council-Releases-Consumer-Bill-Pay-Research-White-Paper http://fasterpaymentscouncil.org/blog/4368/Faster-Payments-and-the-Potential-to-Transform-Consumer-Bill-Pay blog Developed in partnership with Glenbrook, this research white paper takes a close look at the two main models that serve the consumer bill pay industry today: biller direct model and bank bill pay model. The paper also explores how Request for Payment (RfP) messaging could bring the best of both models together to help transform the bill pay experience and the various barriers to adoption of faster payments in consumer bill pay. Download Now   Tue, 21 Jul 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/4368/Faster-Payments-and-the-Potential-to-Transform-Consumer-Bill-Pay http://fasterpaymentscouncil.org/blog/2786/Solving-for-the-Interoperability-Challenge blog Within the faster payments arena, we've got a lot. We have faster payments rails, including The Clearing House's RTP® Network, the ACH Network (Same Day ACH), Visa Direct, Mastercard Send, and soon, a brand-new rail in FedNow℠. We even have faster payments apps that leverage those rails, such as Zelle, ExcheQ, Venmo, and more making it possible for consumers to send and receive money faster than ever. While we're well on our way to establishing a thriving faster payments ecosystem, we recognize we're still missing a key factor that can contribute to achieving ubiquitous faster payments: interoperability. According to the inaugural FPC/Glenbrook Faster Payments Barometer, faster payments' biggest challenge is that systems do not interoperate with each other. 53% of respondents expressed the lack of interoperability as a key barrier to faster payments adoption. And achieving it is a critical success factor. Almost 80% of the industry feel achieving interoperability across payments systems is very important if we want to realize the true value faster payments can bring.   But with more than 10,000 financial institutions in the United States, a multitude of products and solutions, and a lack of consistency through standards, achieving interoperability is no easy feat. Respondents to the Faster Payments Barometer are mixed on how best to get there. 34% believe we should employ Network Operators to achieve interoperability; 26% citied intermediaries; and another 21% indicated a central switch could be the answer. And given the fact that almost half of respondents believe we need to get there in 1-4 years, we have a substantial task ahead of us. But there is light at the end of the tunnel. We, as an industry, have done this before. We solved the ATM challenge. Today, regardless of which ATM is used and where a person banks, a person can pull money from or deposit funds into an account from any ATM.  We were able to create an easy, safe, and seamless experience for the end user because we all came together to make it happen. At the FPC, we understand the challenge ahead of us, and we're not shying away from it. In fact, we're already taking substantial steps toward our ubiquitous future. Our Network Committee, which is comprised of members from U.S. network operators has been tasked with looking at interoperability, and recently shared findings during a members-only Town Hall followed by the release of its first deliverable: a U. S. Faster Payments Interoperability white paper. The white paper takes a comprehensive look at the various models that can connect systems together, such as the Point-of-Origination Model, among others, and how settlement could work in those models. This information provides a consistent level of understanding for our industry on how interoperability can be achieved. It does not prescribe the exact path forward, but it provides the basis upon which we can collaborate and engage in additional dialogue to get us closer to our desired end state.  While we recognize the road to interoperability might not be easy, with the support of our members and the industry at large, we are up to the challenge. The work towards our ubiquitous future has already begun, and we will continue our path forward.  Fri, 12 Jun 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/2786/Solving-for-the-Interoperability-Challenge http://fasterpaymentscouncil.org/blog/2762/U-S--Faster-Payments-Council-Publishes-Interoperability-White-Paper blog June 4, 2020 – The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released a new Faster Payments Interoperability white paper developed by the FPC Network Committee. Interoperability in a faster payment system can help achieve seamless processing – both sending and receiving – of payment instructions across a variety of payment solutions. Available in the FPC's Faster Payments Knowledge Center, the white paper explores different models that can connect systems together to achieve payments interoperability such as point of origination, network to network, or with an intermediary, and how settlement could work in those models. Settlement is one of the defining characteristics of a payment system because settlement is how the transfer of value from one party to another occurs. "Our Network Committee includes experts from U.S. network operators who are well positioned to deliver objective information to all industry stakeholders about faster payments interoperability," said FPC Network Committee Chair Steve Ledford. "We're pleased to present this paper as a first, important step as we build a common understanding of payments interoperability. I'd also like to thank each committee member for all the hard work and thought they have contributed to this collaborative effort." In addition to illustrating three models for payments interoperability, the paper provides an explanation of the different forms of settlement: deferred gross settlement, deferred bilateral net settlement, deferred multilateral net settlement, and real-time gross settlement (RTGS). The form of settlement is an important factor when considering options for interoperability between faster payment systems and can have a bearing on both banks participating in a service and their end user customers. "This white paper sets a solid foundation for talking about real-world interoperability approaches within the FPC," said FPC Executive Director Reed Luhtanen. "While we recognize the road to interoperability might not be easy, with the support of our members and the industry at large, we are up to the challenge. Across the ecosystem, FPC members are collectively dedicated to a future of faster payments and this paper is just one example of how our members are developing tools, guidance, and other resources to help the industry collaborate and engage in additional dialogue." The FPC prioritizes industry collaboration in tackling complex topics such as interoperability among faster payments solutions, identifying real-world solutions that can ease adoption of faster payments, managing security risks and fraud threats, addressing barriers to cross border payments, and more, as the organization paves the way toward a future of faster payments for all.    For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org. Contact:  Elizabeth Grice U.S. Faster Payments Council   720-737-7368 egrice@fasterpaymentscouncil.org    About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose mission is to facilitate a world class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC will use collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.  Thu, 04 Jun 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/2762/U-S--Faster-Payments-Council-Publishes-Interoperability-White-Paper http://fasterpaymentscouncil.org/userfiles/2080/images/Faster%2DPayments%2DInteroperability%2Dimage%2Ejpg http://fasterpaymentscouncil.org/ http://fasterpaymentscouncil.org/blog/2756/Faster-Payments-Interoperability blog Developed by the FPC Network Committee, this white paper explores different models that can connect systems together to achieve payments interoperability such as point of origination, network to network, or with an intermediary, and how settlement could work in those models. The paper also provides an explanation of the different forms of settlement: deferred gross settlement, deferred bilateral net settlement, deferred multilateral net settlement, and real-time gross settlement (RTGS). View the Document Wed, 03 Jun 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/2756/Faster-Payments-Interoperability http://fasterpaymentscouncil.org/blog/2742/U-S--Faster-Payments-Council-Announces-2020-Board-of-Directors blog May 28, 2020 – The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released the results of the 2020 election for its Board of Directors. In this year's election, FPC members voted in new directors to a Board that benefits both from continuity and fresh perspectives.  Newly elected and re-elected members of the FPC's Board of Directors include John Drechny, Merchant Advisory Group; Stuart Dwyer, Microsoft; Tom Feltner, Center for Responsible Lending; Kim Ford, Fiserv; Matt Howarter, Walmart Inc.; Steve Ledford, The Clearing House; Robert Palmer, Community Bankers Association of Ohio; Carl Slabicki, BNY Mellon; Peter Tapling, PTap Advisory, LLC; and Pat Thelen, Ripple. "We're pleased to welcome our new directors to the Board at this exciting and important next stage of the FPC's evolution," said FPC Board Chair Michael Bilski. "They bring decades of leadership in key areas, such as strategy implementation and payments industry expertise, that are vital to the success and growth of the organization. In addition to welcoming these new directors, I'd like to thank the group of directors who will be stepping off the Board, each of whom has contributed to the vitality and success of the FPC. I know their dedication to our mission will continue to help us move forward." The FPC Board is accountable to the members for setting the organization's strategic direction and ensuring processes, activities, and recommendations are consistent with its fundamental principles. In addition, the Board is responsible for ensuring the views of all segments are heard during deliberations at the Board, committee, and work group levels.  "We're thrilled at the addition of this dynamic group of directors from across the full spectrum of the payments ecosystem. They will complement our existing Board of Directors' skills and experiences, and we're confident they will provide valuable perspectives as we continue to execute our strategy and enhance the FPC member experience," said FPC Executive Director Reed Luhtanen. "A key strength of the FPC is our ability to bring together diverse stakeholders to develop tools and guidelines that solve for real-world needs, facilitating the adoption and usability of faster payments. And we're just getting started."   As a principles-based organization, the FPC's structure, operations, and activities are designed to adhere to the fundamental values of inclusiveness and fairness; flexibility and responsiveness; and transparency in decision-making. "All of our board members embody the FPC's core values and play an integral role in our mission of advancing the adoption and usage of faster payments in the United States," remarked Bilski. U.S. Faster Payments Council Board of Directors 2020-2021 Business End Users Stuart Dwyer, Microsoft (term ends 2023) Matt Howarter, Walmart Inc. (term ends 2022) Perry Starr, Target Corporation (term ends 2021) Consumer Organizations Tom Feltner, Center for Responsible Lending (term ends 2023) Cathy Lesser Mansfield, National Consumer Law Center (term ends 2021) Financial Institutions Robert Palmer, Community Bankers Association of Ohio (term ends 2023) Michael Bilski, North American Banking Company (term ends 2022) Mark Keeling, The Bankers Bank (term ends 2021) Carl Slabicki, BNY Mellon (term ends 2021) Others John Drechny, Merchant Advisory Group (term ends 2023) Susan Doyle, EPCOR (term ends 2022) Steve Kenneally, American Bankers Association (term ends 2021) Peter Tapling, PTap Advisory, LLC (term ends 2021) Payment Network Operators Steve Ledford, The Clearing House (term ends 2023) Matt Friend, Visa (term ends 2022) Andrea Gilman, Mastercard (term ends 2021) Technology Providers Kim Ford, Fiserv (term ends 2023) Deborah Phillips, ICBA Bancard (term ends 2022) Kevin Christensen, SHAZAM (term ends 2021) Pat Thelen, Ripple (term ends 2021) Contact:  Elizabeth Grice     U.S. Faster Payments Council               720-737-7368     egrice@fasterpaymentscouncil.org                    About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose mission is to facilitate a world class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC will use collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.    Thu, 28 May 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/2742/U-S--Faster-Payments-Council-Announces-2020-Board-of-Directors http://fasterpaymentscouncil.org/blog/2376/FPC-Work-Groups--Exploring-QR-Codes-for-Faster-Payments blog Around the world, QR codes continue to explode in popularity as a payments instrument. In China, over the past three years, QR code "scan-to-pay" solutions have grown 15-fold, reaching $1.3 trillion U.S. in the fourth quarter of 2019.  And globally, 4% of all consumer transactions leverage a QR code, according to research from Kleiner Perkins Caufield & Byers, Visa Inc., and GfK.   While many digital payments modalities are gaining traction today, the opportunity with QR codes lies in their ability to offer the optimal "high-tech-meets-low-tech" solution. From a purveyor's perspective, QR codes require limited investment and preparation: no hardware investment required. In fact, friends of mine reported buying lunch from a street cart in India with a printed QR code taped to its side as its only form of payment. And, because you can place a QR code on anything—from a utility bill to a food truck—you're able to simplify the payment interaction. That kind of flexibility speaks to the payer, making it frictionless and creating a consistent experience.  And, as QR codes have been on the rise internationally for years, they have also finally begun to gain some traction in the United States. So, why do we think QR Codes are about to take off as a way of initiating faster payments?  With increased consumer and business demands on efficiency and speed, QR codes check a lot of faster payments boxes. They provide an easy interface, offer a layer of tokenization, and take advantage of an existing consumer understanding of the technology. Add in today's COVID-19 environment and post-pandemic expectations of continued growth in digital and contactless payments, and the time is right to lean into this technology to advance our mission of making ubiquitous, easy-to-use faster payments a reality for the U.S. economy.  So, that's the intent of the FPC's newly formed End-User QR Code Interface Work Group, chaired by Walmart's Matt Howarter. The group has been tasked with examining ways QR codes may facilitate adoption and usage of faster payments. This group plans to develop a QR Code interface for use by participants in faster payments transactions—one that will enable a frictionless faster payments experience.  But as the FPC launches this initiative, we do it with the knowledge of the work that has preceded us. From EMVCo's specifications to Nacha's historical work on QR codes for billers, a number of organizations have investigated the role of QR codes in payments, paving the way for our focus on leveraging this technology to facilitate faster payments solutions. With that in mind, the first deliverable from this FPC Work Group will be an evaluation of what exists, and a review of those codes specifically used to facilitate faster payments in the United States and abroad today. From there, the group will be diving into unique needs around faster payments. What are the necessary components of QR Codes to facilitate a faster solution, and what will it take to get it to market?  These are the questions the FPC is uniquely poised to address. We intend to be an organization where real-world solutions can be brought to life, and a faster payments QR code interface offers a great starting point. Now it's up to FPC members to act on that vision and build the solutions that support the needs of the industry. As the future of faster payments unfolds, I hope you'll join us on this journey. For more information about the FPC or its Work Group plans, reach out to memberservices@fasterpaymentscouncil.org.   Fri, 08 May 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/2376/FPC-Work-Groups--Exploring-QR-Codes-for-Faster-Payments http://fasterpaymentscouncil.org/blog/1770/FPC-Work-Groups--Developing-the-Tools-to-Enable-Success blog Proper tools are an important part of anyone's job, and in this new work-from-home norm brought to us courtesy of COVID-19, I'd guess that we're all relying on video conferencing tools and remote connections to advance our organizational missions.   Well, the same holds true for all things faster payments. As we stand on the precipice of a new faster payments paradigm, having the right tools and resources will make all of the difference to widespread adoption. Given the variety of faster payments products and solutions that are available and the changing landscape, the right support will be the difference between success and failure. Since its inception, the FPC has recognized the need for tools to support the evolving faster payments industry.  It's one of the reasons we recently launched the Faster Payments Knowledge Center, a one-stop repository for the industry with faster payments research, resources, news, and information to help drive increased understanding of all things faster payments. But it is also one of the reasons our Work Groups are so fundamental to what we do. Our Work Groups are identifying the gaps, challenges, and opportunities around faster payments advancement, and creating the education, resources and tools to help us make faster payments a reality in the United States. For instance, our End-User Transparency Work Group has long acknowledged the importance of service providers in the faster payments ecosystem. These providers enable implementation of faster payments products for many businesses and financial institutions (FIs). As such, their understanding of the environment, impacts to their customers and their customers' customers, and considerations for supporting faster payments into the future is critically important. And it is why the Work Group recently developed and released the Faster Payments Transparency Guidelines for Payment Services Providers – Business Transactions. The FAQ-style document was developed to help service providers formulate disclosures, marketing materials, and notifications for business transactions to support increased transparency around transaction characteristics, fees, and the resolution of errors and disputes. The document complements the previously released Faster Payments Transparency Guidelines for Payment Services Providers – Consumer Transactions, which provides similar guidance, but in support of consumer end users. These tools have become key resources for FPC members.  We can't explore faster payments without touching on the parameters needed to safeguard transactions. The Safety & Security Work Group has also been busy with development of resources for consumers and FIs. They, too, have developed two FAQ-based educational tools to improve understanding and minimize concern around faster payments. The members-only Consumer End-User FAQs resource serves as a tool FIs – and service providers – can use to educate their consumer customers about the differences between faster payments and traditional payments. The Financial Institution FAQs resource, which is available broadly in our online Knowledge Center, provides key terms and definitions to support faster payments understanding. In addition, it provides information to help FIs understand the safety and security implications of offering faster payment products and how existing rules and regulations can impact faster payment transactions. These tools developed by our Work Groups, and those yet to come, are the resources that will educate, stimulate, and advance the faster payments industry. Because, as I mentioned earlier, the right tools are the key to our ultimate success.  With that in mind, if you're interested in supporting our efforts, consider joining us as our Work Groups continue to explore, create, and deliver critical tools for the industry.  Let's work together to move payments faster.  The FPC is always looking to grow our Work Groups. If interested in learning more, visit  fasterpaymentscouncil.org/Work-Groups.  Mon, 27 Apr 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/1770/FPC-Work-Groups--Developing-the-Tools-to-Enable-Success http://fasterpaymentscouncil.org/blog/1473/Faster-Payments-Barometer blog The Faster Payments Barometer is a longitudinal study designed to gauge faster payments advancements over the course of the next three years.  Results from the 2019 survey revealed how respondents are using faster payments today, the challenges facing their organizations, and what the industry needs to do to facilitate faster payments in the U.S. market. View the FPC Barometer Fri, 20 Mar 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/1473/Faster-Payments-Barometer http://fasterpaymentscouncil.org/blog/1488/Creating-the-Faster-Payments-Tools-to-Combat-Complexity blog According to the results of our recent Faster Payments Barometer Study, 48% of organizations identify as early adopters of faster payments. While that's a healthy number, it demonstrates we still have work to do to reach the goal of ubiquitous adoption that is our target here at the Faster Payments Council. With industry discussions on faster payments occurring for some time, you may wonder why those numbers aren't higher.  Our Faster Payments Barometer findings imply that perceived complexity has a lot to do with it. Almost 50% of survey respondents – respondents from across the payments industry – indicated complexity and high costs serve as deterrents to adoption of faster payments. In some cases, lack of understanding of use cases within an organization or the resources needed to support faster payments adoption may be contributing to this feeling of complexity, and ultimately, may be holding back implementations. Thankfully, at the FPC, education is a key component of what we do. It's our mission to help guide industry participants on their unique faster payments journeys and help demystify and simplify developments in the faster payments landscape. It's a primary reason we partnered with Nacha's Payments Innovation Alliance (PIA) to launch the Faster Payments Playbook. The Playbook, which is an online educational platform, encourages adoption of faster payments by helping banks and credit unions develop and launch a faster payments strategy. Comprised of five modules, the FI Playbook serves as a step-by-step guide that financial institutions can use to make faster payments a reality within their organizations. It simplifies the faster payments decision-making process. For example, the first module sets a foundation by outlining key faster payments terms and their definitions, providing a comparison of faster payments offerings and their attributes, and establishing an understanding of the opportunity faster payments presents. The next module walks FIs through their internal infrastructure and capabilities and evaluates external vendor relationships and more. Module III delivers a detailed series of questions and considerations, exploring such important tasks as assembling the right team, developing an environmental assessment, and outlining a tailored strategy. Modules IV and V support implementation, including gaining necessary buy-in and determining the right tools and resources to get staff and customers up-to-speed on their chosen solution(s), supporting a successful implementation. Building on the success of the Playbook for financial institutions, the FPC has again partnered with Nacha's PIA to develop a version of the Playbook for business end-users and corporates. Its goal will also be to guide them through faster payments strategy development by addressing those opportunities and considerations specific to the business environment. Additionally, the Education and Awareness Work Group is working to launch an online Faster Payments Knowledge Center in the coming months. The Knowledge Center will be a one-stop repository for the industry and include faster payments research, resources, news, and information to help drive increased understanding of all things faster payments. Our vision is that the Knowledge Center will become the go-to faster payments resource for anyone seeking more information as they consider implementation. Because, at the end of the day, combating perceived challenges or complexities comes back to education. By providing tailored resources, we will increase understanding and clarity across the industry, and increased adoption of faster payments will follow. Tue, 21 Jan 2020 06:00:00 GMT http://fasterpaymentscouncil.org/blog/1488/Creating-the-Faster-Payments-Tools-to-Combat-Complexity http://fasterpaymentscouncil.org/blog/1498/U-S--Faster-Payments-Council-Welcomes-Federal-Reserve-as-Founding-Sponsor blog The U.S. Faster Payments Council (FPC), a membership organization exclusively devoted to advancing faster payments in the United States, today announced that the Federal Reserve System has joined the FPC as a founding sponsor. The FPC's formation was the direct result of the work of the Federal Reserve's Faster Payments Task Force, which brought the industry together to chart an inclusive, collaborative course to making the U.S. payments system faster, more secure, and more efficient. "The FPC would not be where it is today without the Fed's foresight and investment over the course of many years to convene the industry and collectively plan how to best modernize the payments system, and we are thrilled to now welcome them as a founding sponsor and member of the FPC," said FPC Executive Director Kim Ford. "We value the opportunity to work side by side with the Fed as they develop and implement the FedNowSM service," said Michael Bilski, CEO of North American Banking Company and chair of the FPC. "The FPC is the only payments organization that has members representing business end users, network operators, consumer organizations, financial institutions, and technology providers, and we believe the Fed's participation gives the FPC even greater reach across the industry to drive adoption of a ubiquitous faster payments system." The industry first recognized the need for a body like the FPC during the Faster Payments Task Force work that spanned 2015-2017 and made a formal call for its creation in 2018. Stakeholders from across the payments industry cooperatively defined and launched the organization as it is known today. The FPC is a unique organization in that all industry segments can join as full members, participate in work groups, vote equally, and run for a seat on the FPC Board of Directors. The FPC prioritizes industry collaboration in tackling complex topics such as interoperability among faster payments solutions, understanding the application of various U.S. laws and regulations to faster payments, and managing security risks, and fraud threats. FPC work groups are developing tools, guidelines, and other resources to pave the way toward the future of faster payments for all. "We look forward to actively participating in U.S. Faster Payments Council work efforts to advance priorities, such as faster payments adoption, safety and education," said Connie Theien, senior vice president and director, payments industry relations, Federal Reserve Bank of Chicago. "The FPC's diverse membership creates a valuable forum for advancing a faster payments system that serves the needs of all stakeholders." For more information on the FPC or its current work group efforts, visit FasterPaymentsCouncil.org. Contact: Elizabeth Grice U.S. Faster Payments Council 720-737-7368 egrice@fasterpaymentscouncil.org Thu, 05 Dec 2019 06:00:00 GMT http://fasterpaymentscouncil.org/blog/1498/U-S--Faster-Payments-Council-Welcomes-Federal-Reserve-as-Founding-Sponsor http://fasterpaymentscouncil.org/blog/1499/U-S--Faster-Payments-Council-Reveals-Results-from-Inaugural-Faster-Payments-Barometer- blog Collaboration with Glenbrook Partners Uncovers Key Industry Views on Faster Payments Advancements; Need for Ubiquity, Interoperability, Strong Dispute Resolution  The U.S. Faster Payments Council (FPC), in partnership with Glenbrook, today released results from the Faster Payments Barometer. As part of its ongoing mission to understand, influence, and drive the industry toward a ubiquitous faster payments system, the FPC conducted the survey of payments system stakeholders to gauge their views on a variety of topics related to faster payments in the United States. The inaugural Faster Payments Barometer was widely circulated and received well over 700 responses from a broad array of payments stakeholder segments including financial institutions, core processors, payment network operators, business end users, acquirers, fintechs, and more. The survey was conducted from Sept. 18 – Oct. 6, 2019. Journey to Faster Payments in the U.S. Overall, survey participants view the United States as falling behind the rest of the world when it comes to faster payments adoption. Fifty-nine percent of survey respondents indicated that the U.S. is not making "satisfactory progress toward faster payments adoption." Reasons cited for the U.S. being behind included "existing faster payments systems have not yet reached ubiquity and do not interoperate with one another" (53 percent), "high upfront costs and complexity to implement (resources, operational changes, staffing, etc.)" (48 percent), and "lack of common rules and standards" (35 percent). "The results from the Faster Payments Barometer suggest there is an appetite to adopt faster payments if the industry comes together to provide a seamless, uniform, and interoperable approach," said Kim Ford, FPC Executive Director. "We believe that the FPC is well suited to respond to this desire and lead the way toward meaningful progress, as we are bringing together a diverse group of stakeholders committed to working in a collaborative, inclusive manner to resolve pain points and move the industry forward." Industry Support for Interoperability Survey respondents were asked how important it is to achieve interoperability across compatible faster payments systems in the U.S. market with a large majority (95 percent) stating either "very important" (78 percent) or "somewhat important" (17 percent). Participants were also questioned on what the timeline for interoperability among faster payments systems should be—half of respondents (49 percent) thought interoperability should be attained in 1-4 years and 22 percent selected "as soon as FedNowSM is implemented." The Faster Payments Barometer further shows that participants in the payments industry generally agree on some other key aspects. When asked which attributes should define faster payments, 29 percent selected "directory/addressing service" with 68 percent of those respondents rating it as "very important" to their organization. Additionally, a strong majority, 73 percent, felt that dispute resolution should be an inherent feature of a faster payments system. Solving "Everyday" Pain Points Results from the survey illustrate that faster payments are considered a way to improve payment systems' usability. Participants were asked to select from 16 options which use case their organization was currently most interested in for faster payments. "Bill payment" (59 percent), "person-to-person" (53 percent), and eCommerce (47 percent) rounded out the top three choices with "invoicing/supplier payments" and "transfers between accounts at different financial institutions" tied for fourth (44 percent). In a final question, respondents were asked at what point do they think we are currently at in terms of implementing faster payments in the U.S. Almost 60 percent believe we are not making enough progress with half (50 percent) stating we are "gaining momentum" and 39 percent acknowledging we are "at the very beginning" of our journey. "We are extremely pleased with the strong response from across the industry in that results clearly identified areas of alignment and areas needing enhanced focus," said Beth Horowitz Steel, partner at Glenbrook Partners. "Over the next few years, the Faster Payments Barometer will continue to drive insights into faster payments here in the U.S. and enrich the industry dialogue by introducing new topics, such as cross-border and emerging use cases." Contact: Elizabeth Grice U.S. Faster Payments Council 720-737-7368 egrice@fasterpaymentscouncil.org About the U.S. Faster Payments Council (FPC) The FPC is an industry-led membership organization whose mission is to facilitate a world class payment system where Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC will use collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org. About Glenbrook Partners Glenbrook is a payments consulting, education, and research firm that brings to our financial services and financial technology clients the unique combination of specialized skills in payments, many years of hands-on experience in the field, and a wide network of professional relationships. The firm helps clients with strategy definition, product development, and the application of technology to solve leading edge problems in the financial services industry. For more information, visit Glenbrook.com.   Mon, 04 Nov 2019 06:00:00 GMT http://fasterpaymentscouncil.org/blog/1499/U-S--Faster-Payments-Council-Reveals-Results-from-Inaugural-Faster-Payments-Barometer- http://fasterpaymentscouncil.org/blog/1494/FPC-Draws-Member-Input-with-Town-Halls-on-FedNowSM blog The clock is ticking. While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. With our responses, we, quite literally, are shaping the future of payments. And, that's no small task, as I mentioned previously. But it's important precisely because our input matters. We want to make sure we're hearing from our diverse membership base and considering the various roles each of you plays in this faster payments ecosystem. So, last week we held the first of three Town Halls to dive into the structure and operational components of the Fed's proposed system. Hosted by the FPC's Education and Awareness Work Group, this Town Hall offered an opportunity for direct engagement with the Fed, including a robust Q&A session. We were thrilled to have upwards of 100 of our members on the line to hear directly from Kirstin Wells, principal economist at the Federal Reserve Board. Kirstin spoke openly with our membership, addressing questions coming in from our members on topics such as ubiquity, interoperability, and industry collaboration. The Town Hall made it clear that nationwide reach is a key objective for the Fed, with Kirstin dubbing it a measure of success for FedNow. In addition, Kirstin emphasized that the Fed would like to understand how our members feel about other proposed characteristics of FedNow, including: irrevocability additional descriptors that can be included in the ISO 20022 message format the $25,000 transaction limit real-time confirmation of the validity of the receiver's account intraday credit access through FedLine and auxiliary features such as the ability to make a request for payment, originate a payment with an email address or phone number using a directory, and fraud prevention services. We were able to point out that our Regulatory, Directories, and Fraud Work Groups will be tackling these and other relevant topics in their upcoming work efforts. Our expansive, hour-long session resulted in a valuable back and forth, with many insightful questions and candid responses from the Fed. As was suggested on the Fed's own webinar earlier this month, they are looking to the FPC as a place for collaboration, engagement and discussion. That message came through loud and clear on our Town Hall. Yet, with this important first conversation behind us, we know there's a need for more focused dialogue around critical issues. To that point, we are holding two more Town Halls for FPC members to dive into hot-button topics in the proposal, specifically: Directories and interoperability – Members can join us on Wednesday, September 25 at 3 pm ET, when we will have a special focus on these topics. Fraud mitigation – Members can participate on Thursday, October 10 at 3 pm ET, to explore ways in which we can address the concerns around safety and security. These Town Halls are important to the FPC. The feedback we receive will help inform our response to the FedNow Request for Comment, and we encourage you to speak up in these sessions. In addition, we will use other forums to gain member insights. For example, this week we will be garnering member input at the MAG Annual Conference (watch for an upcoming blog post on that event). We also will be soliciting feedback from our Work Groups and at our fall member meeting, so there are plenty of opportunities to engage. We hope you'll continue to share your thoughts and opinions with us—and join the dialogue. Because your input matters. It's clear that the FPC offers a distinct voice in the industry. With the close of the comment period approaching, now is the time to ensure your participation and make your voice heard. Wed, 18 Sep 2019 06:00:00 GMT http://fasterpaymentscouncil.org/blog/1494/FPC-Draws-Member-Input-with-Town-Halls-on-FedNowSM http://fasterpaymentscouncil.org/events/2934/FPC-2026-Fall-Member-Meeting events Save the date! The 2026 Fall Member Meeting will take place on November 4-6, 2026, at the Sheraton Overland Park Hotel at the Convention Center in Overland Park, Kansas. More details coming soon! Sat, 28 Mar 2026 05:28:55 GMT http://fasterpaymentscouncil.org/events/2934/FPC-2026-Fall-Member-Meeting http://fasterpaymentscouncil.org/events/3314/Nacha-Payments-2026-Evening-Reception events Are you heading to Nacha's Smarter Faster Payments 2026 Conference? If so, we'd love for you to continue the momentum and join us for an evening of great conversation, networking, and relaxed sophistication at The Pool Club. Unwind with drinks, appetizers, and exceptional company as you connect with fellow FPC members and payments leaders gathered for this annual industry highlight. Co‑hosted by the FPC and ACI Worldwide, this exclusive reception will take place Monday, April 27, from 6:50–8:50PM PT, immediately following the Nacha exhibit hall reception. The Pool Club—located at 1 Park Blvd. inside the Hilton San Diego Bayfront—is just a short walk from the San Diego Convention Center, making it the perfect venue to wrap up your first full conference day. Space is limited and registration is required. Please reserve your spot below. Register Sat, 28 Mar 2026 05:28:19 GMT http://fasterpaymentscouncil.org/events/3314/Nacha-Payments-2026-Evening-Reception http://fasterpaymentscouncil.org/events/2894/FPC-2026-Spring-Member-Meeting events The 2026 Spring Member Meeting is set to gather FPC members for two days of insightful presentations, dynamic panel discussions with industry experts, timely roundtables, and valuable networking opportunities. Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field. The Spring Member Meeting will take place on February 26-27, 2026, at the Gaylord National Resort and Convention Center located at 201 Waterfront Street, Oxon Hill, Maryland 20745. Be part of the conversation shaping the future of faster payments! Arriving by February 25? Join us for a CEO keynote and a networking lunch during ePayConnect 2026, starting at 11:15amET at the same location. The FPC will also be hosting Instant Payments Implementation & Strategy Workshops from 12:45pm-2:45pmET. This opportunity to earn 2.4 CECs is included with your FPC Spring Member Meeting registration at no additional cost. MEETING AGENDA Pre-Meeting Wednesday, February 25 9:00amET: Registration Opens (Cherry Blossom Foyer) 11:15am-12:15pmET: ePayConnect General Session – Economic Crossroads: What Financial Leaders Need to Know Now (Cherry Blossom Ballroom) Close out ePayConnect 2026 with a dynamic fireside chat featuring chief economists. This informal yet insightful conversation will explore the key economic forces shaping institutional strategy in the year ahead. From interest rates and inflation to policy shifts around digital assets, banking, and market practices, this session offers an unfiltered look at the macro and microeconomic trends that matter most. You'll gain expert perspective on how current conditions are influencing payments innovation, risk management, and long-term financial planning. Expect candid takeaways, strategic foresight, and a rare opportunity to hear directly from the minds helping shape the financial future of the U.S. Speakers: John Min, Monex USA; Dave Altig, Federal Reserve Bank of Atlanta 12:15pm-12:45pmET: Networking Lunch 12:45pm-2:45pmET: Powering Progress Together: Strategic Collaboration on Instant Payments Implementation (Cherry Blossom Ballroom) Join us for an interactive educational session designed to help banks understand and navigate the rapidly evolving real-time payments landscape. Led by Sean Devaney from CGI, this session will be tailored for organizations looking at how to take advantage of the new real-time payment rails. The session will break down the functional differences between FedNow and RTP, outline what it takes to onboard to each network, and demonstrate how real-time capabilities can unlock treasury, operational, and customer experience benefits. Through practical use cases, comparisons with consumer payment platforms, and insights from global fraud-prevention models, attendees will gain a clear, actionable roadmap for evaluating and implementing instant payments. This is an opportunity to build knowledge, ask questions, and prepare your institution to compete effectively in a real-time world. Participants can earn up to 2.4 CECs for attending this workshop. Speakers: Sean Devaney, CGI; Karen Brown, CGI 3:00pmET: Afternoon/Evening on Your Own - Explore the Harbor and DC Area FPC Spring Member Meeting Thursday, February 26 7:00amET: Registration Opens (Cherry Blossom Foyer) 7:30am-8:30amET: Networking Breakfast (Cherry Blossom Foyer) 8:30am-8:45amET: Opening Remarks (Cherry Blossom Ballroom) Speakers: Peter Tapling, PTap Advisory; Phillipa Wilson, Mastercard; Reed Luhtanen, U.S. Faster Payments Council 8:45am-9:25amET: General Session – The Evolving Role of Card-Based Money Movement in a Faster Payments World (Cherry Blossom Ballroom) Card-based networks have long powered money movement across the globe and continue to adapt alongside instant payment innovations. In this data-rich session, Visa Direct and Mastercard Move will share insights from their U.S. networks, highlighting trends in domestic and cross-border money movement, emerging use cases, and shifts in key market segments. The discussion will explore how card rails are being leveraged for disbursements, account-to-account transfers, and other modern payment flows, while also considering broader industry perspectives from multiple networks. Join us to uncover what the data reveals about where card-based money movement is heading next. Speakers: Curtis Webb, Visa; Chris Loh, Mastercard; Reed Luhtanen, U.S. Faster Payments Council 9:35am-10:15amET: General Session – Instant Payment Networks Update: Adoption, Volumes, and Adoption Roadblocks that are Myths, sponsored by North American Banking Company (Cherry Blossom Ballroom) As instant payment networks continue to mature, adoption and transaction volumes are accelerating across the industry, yet misconceptions about readiness, risk, and complexity remain. This session provides an update on the current state of instant payments in the U.S., grounded in recent adoption and volume trends. Panelists will address common assumptions that often slow participation, examining which perceived barriers are rooted in reality and which are largely myths. The discussion will also look ahead to near-term enhancements and evolving capabilities, giving attendees a clearer understanding of where instant payment networks stand today and where they are headed next. Speakers: Michael Bilski, North American Banking Company; Bradley Wilkes, Open Payment Network; Jim Colassano, TCH; Bernadette, Ksepka, Federal Reserve; Booshan Rengachari, Finzly 10:15am-10:40amET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Cherry Blossom Foyer) 10:40am-11:20amET: Concurrent Breakout Session – From Barriers to Breakthroughs: Tackling Fraud in Instant Payments Adoption (Eastern Shore 1) The FPC Fraud Work Group surveyed Financial Institutions on operational, technical, and strategic barriers, plus critical fraud and risk concerns, facing instant payments (RTP and FedNow) adoption. This session reveals key findings, offering data-driven, practical solutions to overcome these challenges and accelerate secure, industry-wide participation. Speakers: Chris Selmi, Wespay; Shelley Rojano, JPMorgan Chase; Beckie Nourse, Corporate One Federal Credit Union; Marc Trepanier, ACI Worldwide; Mike Timoney, Federal Reserve 10:40am-11:20amET: Concurrent Breakout Session – The GENIUS Act: Control or Chaos? (Eastern Shore 2) On July 18, 2025, the GENIUS Act was signed into law, creating the first comprehensive federal framework for payment stablecoins—digital assets pegged to the U.S. dollar. This panel discussion, featuring a diverse group of FPC members—including financial institutions, technology providers, merchants, regulators, and consultants—will explore the practical implications of the GENIUS Act and its impact on stablecoin growth both in the U.S. and globally. Speakers: Larry Pruss, SRM; Eric Peterson, BNY; Divya Raghupatruni, Alacriti; Gursharan Singh, Form3 11:30am-12:30pmET: Networking Lunch, sponsored by ACI Worldwide (Cherry Blossom Foyer) 12:30pm-1:10pmET: General Session – Leveraging AI and Instant Payments to Optimize Back-Office Operations (Cherry Blossom Ballroom) Instant payments are here, but true optimization remains elusive. As RTP and FedNow expand, businesses face an "Instant Payments Paradox", real-time rails exist, yet routing payments intelligently across them and existing rails is manual and inefficient. This panel explores how AI might transform money movement optimizing for speed and cost while adapting to network and liquidity conditions. Instead of consumer facing "agentic AI" the panel will explore AI in the back office. Speakers: Miriam Sheril, Form3; Anwar Jameel, JPMorgan Chase; Dean Nolan, Finzly 1:15pm-1:55pmET: General Session – Current State of the Nation – the Global Scampocalypse, sponsored by Nasdaq Verafin (Cherry Blossom Ballroom) In this session, we will explore the current state of global scams in particular around romance-crypto scams & mules accounts. You will learn: What these scams look like. Where they are originating from. Who they are targeting. Why they are so successful. What we can do collectively as an industry to stop this epidemic. Speakers: Marc Trepanier, ACI Worldwide; Mike Timoney, Federal Reserve; Trace Fooshee, Datos Insights; Colin Parsons, Nasdaq Verafin 1:55pm-2:25pmET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Cherry Blossom Foyer) 2:25pm-3:05pmET: Concurrent Breakout Session – Beyond Speed: What Are We Willing to Break to Scale Faster Payments? (Eastern Shore 1) As faster payments become mainstream, smarter data-driven decisioning is essential. This session explores how financial institutions and fintechs can use real-time data to reduce fraud, validate accounts, and improve outcomes—without sacrificing speed or UX. It also covers how predictive data supports compliance, including Nacha's 2026 WEB Debit rule, while enabling secure, competitive payment flows. Speakers: David Barber, ValidiFi; Peter Davey, PaymentsJedi Advisory 2:25pm-3:05pmET: Concurrent Breakout Session – B2B Cross-Border Payments: Expert Insights on Faster Payments (Eastern Shore 2) During this session we will discuss current B2B Cross-Border Payment challenges and how some of them can be resolved using US Faster Payments as part of the solution. Referencing our recent Cross-Border white paper as a basis for discussion, we will examine how Faster Payments will play a role in future real-time Cross-Border payments including those based in $USD, Stablecoins and other known values. Speakers: Mark Majeske, Alacriti; Rodman Reef, Reef Karson Consulting; Aaron McPherson, AFM Consulting; Jonathan Holland, Mastercard; Marcia Klingensmith, Candescent 3:05pm-3:20pmET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Cherry Blossom Foyer) 3:20pm-4:00pmET: General Session – What Washington Is Changing — and What It Means for Faster Payments (Cherry Blossom Ballroom) This session will cover the most salient policy shifts and how they impact the Faster Payments Industry. More specifically, attendees will learn about areas where there may be opportunities for innovation and areas where legal barriers may still exist. Speakers: Carla Sanchez-Adams, National Consumer Law Center; Kelvin Chen, Consumers Bankers Association; Brendan Woodbury, Amazon; Jill Hoffman, Plaid 4:05pm-4:45pmET: General Session – Instant Government Payments: Expanding Access and Impact (Cherry Blossom Ballroom) As the FedNow® Service nears its third year, its impact on U.S. payments—especially in the public sector—continues to grow. This session explores how the Treasury's Digital Payout program uses FedNow for instant, secure, and inclusive federal disbursements. Join the Federal Reserve and industry partners for insights on implementation, agency collaboration, and the impact on government money movement, and leave with an increased understanding of how instant rails are reshaping public sector. Speakers: Dan Gonzalez, Federal Reserve Financial Services; Marshall Henry, Bureau of the Fiscal Service, United States Treasury; Doug Pagliaro, Flagstar Bank; Shankar Jayaraman, Fiserv 5:30pm-8:30pmET: Evening Networking Event at Bobby McKey's, sponsored by Visa Direct Join us for a fun-filled networking event with fellow FPC Members! Food and drinks will be served along with entertainment including a dueling piano show. Bobby McKey's, located at 172 Fleet Street, is just across the street from the Gaylord Hotel. Friday, February 27 7:30am-8:30amET: Networking Breakfast (Cherry Blossom Foyer) 8:30am-8:35amET: Day 2 Kick Off (Cherry Blossom Ballroom) 8:35am-9:15amET: General Session – What Will It Take for RfP to Scale? (Cherry Blossom Ballroom) Request for Payment (RfP) promised instant payments, seamless reconciliation, and a clear upgrade over Same Day ACH—but momentum has since stalled. Despite strong demand from businesses and consumers, financial-institution adoption remains limited. This session explores what's holding RfP back and the bold actions needed to drive its next wave of growth. Speakers: Sri Iyer, Cross River; Matt Friend, JPMorgan Chase; Paul Amisano, Federal Reserve; Mark Majeske, Alacriti; Rusiru Gunasena, The Clearing House 9:20am-10:00amET: General Session – Stablecoins in Cross-Border Payments: From Direct Settlement to Embedded Infrastructure (Cherry Blossom Ballroom) As stablecoins gain traction in payments, they offer faster, lower-cost alternatives to traditional cross-border methods. This session explores two models: a B2B stablecoin transfer from U.S. to abroad, and embedded stablecoin use within existing payment rails. Panelists will dissect flow mechanics, regulatory and liquidity challenges, and near-term opportunities for banks and vendors to harness stablecoin innovation. Speakers: Aaron McPherson, AFM Consulting; Jonathan Holland, Mastercard; David True, PayGility Advisors; Eric Peterson, BNY 10:00am-10:30amET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Cherry Blossom Foyer) 10:30am-11:10amET: Concurrent Breakout Session – How Real-Time Payments Are Transforming the Earned Wage Access Space (Eastern Shore 1) As faster payment adoption increases, Earned Wage Access (EWA) is emerging as one of the clearest use cases for on-demand disbursements. This session explores how instant payments can enhance the different touch points in the EWA models by providing a solution to an immediate problem and creating a monetization opportunity for the parties involved. Speakers will share firsthand insights on challenges with traditional disbursement methods and the evolving regulatory landscape when it comes to Earned Wage Access in the U.S. and discuss the industries that have the highest uptake of real-time pay. Speakers: Dana Daee, Wyzia; Frank Dombroski, FlexWage; Skyler Fox, Prove Identity Solutions; Tim Boike, Federal Reserve 10:30am-11:10amET: Concurrent Breakout Session – Opportunities for B2B Instant Payments (Eastern Shore 2) Financial industry leaders will discuss how instant payments are transforming B2B payments. The panel will cover topics impacting B2B payments including: reductions in DSO, the impact of the $10M limit, straight-through processing of invoices, opportunities with ISO 20022 data, micro-transaction fraud risks and more. Speakers: Dean Nolan, Finzly; Stephany Kirkpatrick, Orum; Erin McCune, Forte Fintech; James Bradfute, James Polk Stone Community Bank 11:10am-11:20amET: Networking Break (Cherry Blossom Foyer) 11:20am-12:00pmET: General Session – The Hidden Frictions of Instant Payment Adoption (Cherry Blossom Ballroom) Many banks support FedNow/RTP "on paper" but don't yet enable customer-facing use cases. In this session, panelists will examine the "last mile" challenge: core banking system, user interface, and operational policies changes needed. The "checkbox compliance" issue: is this more of a tech checkbox or a strategic priority? Speakers: Laura Sullivan, Form3; Tim Bury, Charles Schwab; Sara Cichoski, U.S. Bank 12:05pm-12:45pmET: General Session – Beyond the Swipe: Unlocking Hidden Payments in the Card Ecosystem (Cherry Blossom Ballroom) Beneath every card transaction lies an entire network of payments most people never see—the behind-the-scenes flows that keep the card ecosystem running. This panel dives into those invisible yet essential payment types that support card networks globally, including network partner settlements, merchant payouts, bill payments, and alternative funding flows where the card acts as either a funding or receiving mechanism. We'll explore the unique challenges and opportunities these payments create. Speakers: Sofia Freyder, American Express; Phillipa Wilson, Mastercard; Rusiru Gunasena, The Clearing House 12:45pmET: Meeting Close (Cherry Blossom Ballroom) Tue, 24 Feb 2026 09:12:03 GMT http://fasterpaymentscouncil.org/events/2894/FPC-2026-Spring-Member-Meeting http://fasterpaymentscouncil.org/events/2877/Webinar--Live-Demo--Real-Time-Payments-in-Action-with-QR-Codes events Join us for an upcoming FPC webinar, sponsored by Matera, on Tuesday, September 23 from 12:00pm-1:00pmCT. Scan. Pay. Done. Payment QR Codes unlock real-time payments across many use cases - from bill pay to in-store and e-commerce transactions. No apps to download. No account numbers to enter. Just fast, flexible payments over the rail of your choice. In this session, we'll show a live demo of how a payment QR Code can be used to move money from one financial account to another instantly. And, discuss how all of this is possible using a new open standard being developed by X9. We'll show how payment QR Codes are a simple way to turn existing rails into instant, low-cost options that meet modern customer expectations. Speakers: Sarah Hoisington, VP Strategy & Marketing, Matera Peter Tapling, Managing Director, PTap Advisory, LLC Keith Riddle, General Manager, Payfinia Steve Mott, CEO, BetterBuyDesign Please register using the link below to attend the free webinar. REGISTER Tue, 19 Aug 2025 08:54:19 GMT http://fasterpaymentscouncil.org/events/2877/Webinar--Live-Demo--Real-Time-Payments-in-Action-with-QR-Codes http://fasterpaymentscouncil.org/events/2758/FPC-2025-Fall-Member-Meeting events The 2025 Fall Member Meeting is set to gather FPC members for two days of insightful presentations, dynamic panel discussions with industry experts, timely roundtables, and valuable networking opportunities. Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field. This event will take place on September 3-4, 2025, at the Westin Portland Harborview Hotel located at 157 High Street, Portland, Maine 04101. Be part of the conversation shaping the future of faster payments! Event Registration - registration will close on August 30 MEETING AGENDA Wednesday, September 3 10:00amET: Registration Opens (Foyer) 1:00pm-1:10pmET: Opening Remarks (Eastland Grand Ballroom) Speakers: Kevin Miyamoto, Identifee; Phillipa Wilson, Mastercard; Reed Luhtanen, U.S. Faster Payments Council 1:15pm-1:55pmET: General Session – US Instant Payment Adoption: Turning Global Lessons into Actionable Insights (Eastland Grand Ballroom) Instant payments have revolutionized financial ecosystems in dozens of countries - yet the U.S. is still catching up. In this session, we will take you on a global tour of success stories, showcasing how instant payments have introduced both economic benefits and provided avenues for greater financial inclusion. Backed by data and real-world examples, we'll highlight tangible benefits for both financial institutions and businesses. Speakers: Craig Ramsey, ACI Worldwide; Anthony Serio, Serio Payments Consulting; Sarah Arnio, Walmart 2:00pm-2:40pmET: General Session – Enhancing Security and Trust in U.S. Real-Time Payments with Confirmation of Payee (Eastland Grand Ballroom) As real-time payments gain traction in the U.S., fraud prevention becomes paramount. This panel session will explore how implementing confirmation of payee to a successful European fraud-reduction strategy, in the American financial landscape. •Potential impact on fraud reduction and consumer confidence •The mechanics of confirmation of payee & it's adoption challenges •Regulatory and inter-bank cooperation •Liability implications for participating bank and customers. Speakers: Karen Brown, CGI; Adam Rust, Consumer Federation of America; Thomas Aiello, BNY 2:40pm-3:10pmET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Foyer) 3:15pm-3:55pmET: General Session – Stablecoins and Faster Payment Rails: Creating a 24/7 Settlement Ecosystem (Eastland Grand Ballroom) Learn how fintechs and banks are combining stablecoins with faster payment rails to address traditional settlement limitations. This panel will showcase real world examples of using digital assets together with fiat to operate beyond banking hours, reducing costs and driving efficiency with weekend settlements. Speakers: Phil Goldfeder, American Fintech Council; Keith Vander Leest, BVNK; Nicola Morris, Highnote; Luca Cosentino, Cross River 4:00pm-4:40pmET: General Session – Hops and Headaches: Where Payments Let Small Businesses Down (Eastland Grand Ballroom) Running a brewery takes more than great beer—it takes navigating a messy landscape of payments that often don't work the way small businesses need them to. In this candid session, hear a local craft brewery share real-world experiences with the payments systems that power (and sometimes stall) their operations. From clunky back-office processes and vendor payments to point-of-sale pain points and staff payouts, hear where the friction lies, where fixes are still needed, and how the brewing business is finding ways to work around what doesn't work. (And perhaps sample the fruits of their labors). Speakers: Reed Luhtanen, U.S. Faster Payments Council; Peter Davey, PaymentsJedi Advisory 6:00pm-8:00pmET: Evening Event at Bayside Bowl, sponsored by Visa Direct Join us for a fun-filled networking event with fellow FPC Members. Food and drinks will be served along with bowling of course! Bayside Bowl, located at 58 Alder St, is a 10-15 min walk or short car ride from the Westin Portland Harborview Hotel. Thursday, September 4 8:00am-9:00amET: Networking Breakfast (Eastland Grand Ballroom) 9:00am-9:05amET: Day 2 Kick Off (Eastland Grand Ballroom) 9:10am-9:40amET: General Session – FPC Work Group Strategy: Driving Impact Together (Eastland Grand Ballroom) The Work Groups are the beating heart of the FPC, essential to achieving our strategic goals. In this strategic dialogue led by Angela Hendershott and two Work Group Chairs, we'll explore the 'why' behind our Work Group Strategy Refresh, showcasing how initiatives are expanding Reach, enhancing User Experience, and building Trust, and outline how your active participation will help maximize our collective impact. Speakers: Angela Hendershott, U.S. Faster Payments Council; Dean Nolan, Finzly; Shelley Rojano, JP Morgan Chase 9:45am-10:25amET: General Session – Evolution of Liquidity Management (Eastland Grand Ballroom) Liquidity management evolved from a reactive process using traditional methods to a proactive, technologically driven function. The session describes where funds for payments come from, how a bank calculates the amount needed 24x7x365 for customer payment requests and the difference between managing funds for domestic vs x-border payments. Two domestic and one x-border example are discussed as well as a description of the continuing evolution of liquidity management driven by technology. Speakers: Rodman Reef, Reef Karson Consulting; Barry Tooker, TransactionBanker.com; Juan Bolona, BNY 10:25am-10:45amET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Foyer) 10:45am-11:25amET: Concurrent Breakout Session – Stablecoins and Cross-Border B2B Payments: Today and Tomorrow (Winslow Homer Room) Stablecoins are transforming cross-border B2B payments, enabling faster, cheaper, and more transparent transactions. This session covers their mechanics, differences from cryptocurrencies and CBDCs, and pilots by SWIFT and BIS on stablecoin integration. We'll explore real-world usage, regulatory aspects, and their interplay with CBDCs, providing insights into their role in global payments. This session is a collaboration between the CBWG, DAWG, and B2BWG. Speakers: Aaron McPherson, AFM Consulting; Eric Peterson, BNY; Larry Pruss, SRM; Yamini Sagar, Instarails; Jonathan Holland, Mastercard 10:45am-11:25amET: Concurrent Breakout Session – Practical Path to Innovation for the Pay by Bank Revolution (Longfellow Room) Instant payments are transforming the payments landscape with speed and convenience, yet protection frameworks have gaps. This panel will delve into instant payment use cases, showcasing their diverse complexity and safety. We'll discuss practical applications that fuel adoption, interest, and trust, and share insights on the unique principled approach used to identify market gaps. Join us to discover how instant payments are revolutionizing the market and paving the way for secure adoption. Speakers: Matt Friend, JP Morgan Chase; Jennifer Moore Lucas, EY 11:30am-12:30pmET: Networking Lunch, sponsored by Visa Direct (Eastland Grand Ballroom) 12:30pm-1:00pmET: General Session – Off the Rails Podcast 100th Episode (Eastland Grand Ballroom) Join us for a live recording of the milestone 100th episode of Off the Rails from the U.S. Faster Payments podcast. Speakers: Bridget Hall, ACI Worldwide; Reed Luhtanen, U.S. Faster Payments Council 1:05pm-1:45pmET: General Session – Agentic Commerce: A Profound Shift in Payments (Eastland Grand Ballroom) While the payments industry has witnessed application of genAI solutions in the form of enhanced fraud detection and prevention, the next step beyond genAI is emerging in the form of agentic AI. The agentic AI market size is estimated at $7.28B in 2025 and expected to reach $41.32B by 2030, at a CAGR of 41.5%. Initiatives such as Mastercard's Agent Pay, Visa Intelligence Commerce and Amazon Buy for Me are already fueling next generation app engagement, e-commerce, and payments. Speakers: Gene Reda, Mastercard; Laura Sullivan, Form3; Aaron McPherson, AFM Consulting; Greg Lloyd, Endava 1:45pm-2:15pmET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Foyer) 2:15pm-2:55pmET: Concurrent Breakout Session – Why are Some RfP Use Cases Considered Riskier than Others, and How Do We Mitigate Those Risks? (Winslow Homer Room) Not all RfP use-cases are treated the same way. Some use cases are considered very low risk. Me-to-me and traditional BillPay are some examples that fall into this category however, there are some use cases that are considered risky. An example could be use cases related to crypto, or P2P. In this session, we will delve into the use-cases perceived to be risky and how to implement them. Speakers: Sri Iyer, Cross River; Keith Vander Leest, BVNK; Paul Amisano, Federal Reserve Financial Services; Dana Weinstein, Plaid; Skyler Nesheim, Dwolla 2:15pm-2:55pmET: Concurrent Breakout Session – What Do You Know About SEND? Test Time. (Longfellow Room) Ready. Set. SEND. If you have questions about sending faster payments, we have the answers! Join your colleagues in groups to answer some key questions on faster payments-SEND. Flow? Interoperability? UX/UI? Operations? Liquidity management? Reconciliation? Business continuity? Staff? Accountholder education? Fraud? Compliance programs? Exception processing? Performance? Let's test your knowledge and learn together where you can find answers to those questions on the OCWG deliverables. Speakers: Tony Cook, FirstBank; Miriam Sheril, Form3; Caroline Cypriano, JJ4Tech; Ryan McNaughton; North American Banking Company; Dan Gonzalez, Federal Reserve Financial Services 2:55pm-3:15pmET: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Foyer) 3:15pm-3:55pmET: General Session – Domestic Real-Time Payment Schemes and Cross-Border Payments: A Match Made in Heaven (Eastland Grand Ballroom) In this session, learn how domestic faster payments schemes could be leveraged to power faster, efficient, transparent and compliant cross-border transactions. Speakers: Deborah Baxley, PayGility Advisors; Bridget Hall, ACI Worldwide; Mark Majeske, Alacriti; Jonathan Holland, Mastercard 4:00pm-4:40pmET: General Session – Practical Innovation: How Applied Data will Shape the Future of Payments (Eastland Grand Ballroom) As Pay by Bank expands into new, potentially higher-risk use cases, transaction tagging becomes essential for risk scoring and fraud detection. Tagging provides insights into market trends, informing product strategy and enhancing customer service. Elements to tag include use case, industry, sender ID, and transaction type. Discover the different methods to tag transactions across different networks. Learn how this method detected a 3-6x risk increase in use cases like commerce and high-risk A2A. Speakers: Matt Friend, JP Morgan Chase; Rusiru Gunasena, The Clearing House; Jane Hennessy, Finzly 4:45pmET: Meeting Close (Eastland Grand Ballroom) Thu, 28 Aug 2025 10:04:13 GMT http://fasterpaymentscouncil.org/events/2758/FPC-2025-Fall-Member-Meeting http://fasterpaymentscouncil.org/events/2791/Webinar--Understanding-Stablecoins--A-Beginner-s-Guide events Join us for an upcoming FPC webinar, sponsored by ePayResources, on Wednesday, June 25 from 1:00pm-2:00pmET. Dive into the world of stablecoins in this introductory session! Learn what stablecoins are, explore their different types (like fiat or "pegged," crypto, algorithmic and commodity), and discover how they're used for payments, trading, and DeFi. Perfect for newcomers, this primer breaks down the basics in a clear and engaging way. Speakers: Barbara Hudgins, Director, Payments Education, ePayResources Chris Colson, Payments Expert, Federal Reserve Bank of Atlanta Please register using the link below to attend the free webinar. REGISTER Fri, 06 Jun 2025 11:11:36 GMT http://fasterpaymentscouncil.org/events/2791/Webinar--Understanding-Stablecoins--A-Beginner-s-Guide http://fasterpaymentscouncil.org/events/2292/FPC-2025-Spring-Member-Meeting events The 2025 Spring Member Meeting is set to gather FPC members for two days of insightful presentations, dynamic panel discussions with industry experts, timely roundtables, and valuable networking opportunities. Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field. This event will take place on April 23-24, 2025, at the Westin San Diego Bayview Hotel located at 1051 Columbia Street, San Diego, CA 92101. Be part of the conversation shaping the future of faster payments. MEETING AGENDA Wednesday, April 23 7:00amPT: Registration Opens (Foyer) 7:30am-8:30amPT: Networking Breakfast (Diamond Room) 8:30am-8:40amPT: Opening Remarks (Emerald Ballroom) Speakers: Kevin Miyamoto, Identifee; Reed Luhtanen, U.S. Faster Payments Council 8:45am-9:25amPT: General Session – Instant Payments in eCommerce: Separating Fact from Fiction - A Debate on FedNow and RTP Payments (Emerald Ballroom) As instant payment rails like FedNow and RTP gain traction, confusion persists about their viability for eCommerce, particularly regarding irrevocability and permitted use cases for merchants. This interactive debate session will explore the contradictions between current market understanding and actual capabilities, addressing critical questions about implementation readiness. Payment professionals will gain clarity on whether instant payment rails can truly serve everyday eCommerce transactions. Speakers: Angela Murphy, Pidgin; Ross McFerrin, Trustly; Kevin Olsen, Pidgin; Sarah Arnio, Walmart; Liz Divelbiss, CMSPI 9:30am-10:10amPT: General Session – Sanctity (or Sanity) of Irrevocability (Emerald Ballroom) Join this session for a discussion with representatives from instant payment stakeholders exploring the value and need of irrevocability in a world where we have consumer use cases such as recurring RFPs. Panelists will look at concerns around fraud mitigation, authentication, as well as consumer onboarding and control. Speakers: Josh Karoly, Netflix; Mike Thomas, U.S. Bank; Peter Davey, PaymentsJedi Advisory 10:10am-10:20amPT: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Foyer) 10:20am-11:00amPT: Concurrent Breakout Session – Real-Time Revolution: The Instant Payments Edge for B2B (Opal Room) The speed of business is accelerating — are your payments keeping up? Join us for an exclusive update from the FPC B2B Work Group as we dive into the latest research on instant payments and their impact on the B2B landscape. Hear insights from industry pioneers, explore practical use cases, and get involved in shaping the future of faster payments through an interactive survey. Speakers: Dean Nolan, Finzly; Angela Murphy, Pidgin; Erin McCune, Forte Fintech; Tony Cook, FirstBank 10:20am-11:00amPT: Concurrent Breakout Session – The Current State of Play in Cross-Border Payments (Topaz Room) In the ever-evolving landscape of global finance, instant cross-border payments have moved from theory to practice, offering unprecedented speed and convenience. This session will focus on the current state of play, highlighting the available solutions and services enabling instant cross-border transactions today. Join the Cross-Border Payments Work Group as they present a detailed examination of existing platforms, drawing insights from diverse perspectives—banks, global service providers, and payment networks. Our panel will explore their capabilities, share challenges faced, and discuss strategies for achieving seamless global payments. Speakers: Josh Rowat, Wise; Bridget Hall, ACI Worldwide; Irfan Ahmad, Bank of America; Ana Garcia, JP Morgan Chase; James Colassano, The Clearing House 11:00am-12:00pmPT: Networking Lunch (Diamond Room) 12:00pm-12:40pmPT: General Session – Bringing Directory Capabilities To Life (Emerald Ballroom) As the value of directories is discussed, the conversation frequently turns to what a directory will do and how it might work. This joint APIWG/DMWG session explores areas of consideration where directory design choices must be made. And once those choices are made, how will participants actually use the directory? How will APIs enable directories? Perhaps could exemplify some of the trade-offs in practice with a hackathon! Speakers: Peter Tapling, PTap Advisory; Moa Agrell, Trustly; Caroline Cypriano, JJ4Tech; Margo Giles, Alloya Corporate FCU; Gursharan Singh, Form3 12:45pm-1:25pmPT: General Session – Harnessing Data Analytics to Optimize Operations (Emerald Ballroom) In the age of big data, leveraging analytics can significantly improve payment processing and decision-making. This session will discuss how financial institutions can utilize data analytics to detect anomalies, reduce errors, and enhance overall efficiency in transactions. Case studies will highlight successful implementations of analytics tools that have optimized payment operations. Speakers: Miriam Sheril, Form3; Tom Aiello, BNY; Fred Fuller, Endava; Dean Nolan, Finzly; Donna Blum, BHMI 1:25pm-1:40pmPT: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Foyer) 1:40pm-2:20pmPT: Concurrent Breakout Session – Bridging Innovation and Regulation: Accelerating Financial Inclusion with Digital Assets and Faster Payments (Opal Room) The session will focus on leveraging advanced payment technologies and regulatory frameworks to enhance financial inclusion and responsibly integrate digital assets into the faster payments ecosystem (specifically looking at natural disasters). Speakers: Anthony Serio, Sphere Labs; Bo Berg, Avenue B Consulting; Kirsten Trusko, PaaL; Eric Peterson, BNY 1:40pm-2:20pmPT: Concurrent Breakout Session – Open Banking, CFPB 1033, and Unlocking Financial Opportunities (Topaz Room) Open banking is reshaping financial services by empowering consumers to securely share data and access innovative solutions. With the upcoming CFPB 1033 rule, which defines consumer financial data rights, the U.S. is at a pivotal moment. This session explores open banking fundamentals, CFPB 1033's regulatory impact, and opportunities for financial institutions, fintechs, and consumers to foster innovation, inclusion, and growth in a changing landscape. Speakers: Peter Tapling, PTap Advisory; Mark Dixon, Nacha; Booshan Rengachari, Finzly 2:20pm-2:35pmPT: Networking Break, sponsored by Alloya Corporate Federal Credit Union (Foyer) 2:35pm-3:15pmPT: General Session – Sharing Fraud Detection Data Within and Across Faster Payment Networks (Emerald Ballroom) The Federal Reserve convened a workgroup to consider how to encourage sharing data to help improve fraud screening, detection and mitigation. This panel discussion will begin with the findings of the Fed workgroup and discuss what kinds of shared data can be used for real-time fraud scoring in faster payments, what are sources of shared data, what are impediments to sharing, and how the industry can improve of fraud mitigation efforts. Speakers: Lee Kyriacou, PayGility Advisors; Mike Timoney, FRB Boston; Mary-Helen McElfresh, Early Warning Services; Chris Selmi, Wespay 3:20pm-4:00pmPT: General Session – Request for Payment: Real Experience, Real Learnings, Real Barriers, and How to Make Real Progress (Emerald Ballroom) In this session, panelists will discuss RFP use cases in practice, experience and learnings, challenges and barriers for new FIs, and how to make real RFP progress/adoption. The discussion will also center on the importance of customer education and awareness, consistent user experience, and expanding the reach among RFP sending and receiving parties. Speakers: Larry Pruss, SRM; Sara Cichoski, U.S. Bank; Bridget Hall, ACI Worldwide; Matthew Brazda, BNY 4:05pm-4:45pmPT: General Session – Beyond Legacy: APIs, Multi-Cloud, and Building Resilient Payments in the Modern Era (Emerald Ballroom) The payments landscape is undergoing a transformation driven by the need for faster, more transparent transactions. This session explores how APIs and multi-cloud strategies can empower financial institutions to overcome legacy system limitations and build resilient payment infrastructures. Speakers: Laura Sullivan, Form3; Zachary Scott, Publicis Sapient; Sri Iyer, Cross River 4:45pm-4:50pmPT: FPC Work Group Strategy Update (Emerald Ballroom) Speaker: Angela Hendershott, U.S. Faster Payments Council 6:00pm-8:00pmPT: Evening Event at Carnitas' Snack Shack Join us for a fun-filled networking event with fellow FPC Members. Food and drinks will be served while taking in the sunset views from the waterside location. Carnitas' Snack Shack, located at 1004 N. Harbor Drive, is a 10-15 min walk or short car ride from the Westin San Diego Bayview Hotel. Thursday, April 24 8:00am-9:00amPT: Networking Breakfast (Diamond Room) 9:00am-9:05amPT: Day 2 Kick Off (Emerald Ballroom) 9:05am-9:45amPT: General Session – Explore New and Existing B2B Cross-Border Payment Use Cases Driving Global Faster Payments Growth (Emerald Ballroom) Cross-Border B2B Faster Payment Use Cases are predicted to significantly contribute to Faster Payment adoption, usage, and innovation in the US. Join our respected panelists sharing their perspectives on current and future global use cases contributing to the growth and success of Faster Payments. During the session, we explore use cases utilizing Faster Payment, Card, Ripple, and other payment networks to achieve efficient and effective B2B Cross Border use cases with an eye on future growth. Speakers: Mark Majeske, Alacriti; James Colassano, The Clearing House; Kris Varma, Visa; Kelvin Leung, Mastercard; James Sellick, Ripple 9:50am-10:30amPT: General Session – I Want to Offer QR Code Payments: What are the Risks to be Managed? (Emerald Ballroom) Every financial product runs the risk of fraud. For those interested in launching QR Code payments, what types of fraud do you need to watch out for and how can you mitigate your risks? Speakers: Sarah Hoisington, Matera; Margo Giles, Alloya Corporate FCU; Lou Grilli, Velera; Greg Lloyd, Endava; Keith Riddle, Payfinia 10:30am-10:40amPT: Networking Break (Foyer) 10:40am-11:20amPT: Concurrent Breakout Session – Sharing Current and Future Use Case Successes and Sorrows (Opal Room) Attendees of this session will discuss current and developing faster payments use cases and implementation practices. In a roundtable setting, groups will discuss a variety of use case types. Take this opportunity to learn from your colleagues' real-life experiences: their use case successes and challenges. Speakers: Glenn Wheeler, Catalyst Corporate FCU; Steve Wasserman, Vments 10:40am-11:20amPT: Concurrent Breakout Session – Scammers....Workin' 9-5 (Topaz Room) In this session, you will get to live through a day in the life of a scammer. We will have a scammer, a victim, and a payment provider battle it out to see if the bad guys can get away with the crime! Speakers: Marc Trepanier, ACI Worldwide; Amanda Compton, FRB Boston; Fang Yu, DataVisor 11:20am-11:35amPT: Networking Break (Foyer) 11:35am-12:15pmPT: General Session – Demystifying RTP/FedNow Send: Operational Considerations for Sending Credit Transfers (Emerald Ballroom) Sending Credit Transfers requires careful attention to operational details. This session will dive into the details of sending RTP and FedNow Payments, exploring key considerations such as compliance, liquidity management, system integration and risk mitigation. We will discuss real-world examples, success stories and challenges in implementing RTP/FedNow Send. Speakers: Sri Iyer, Cross River; Elspeth Bloodgood, Jack Henry; Reed Luhtanen, FPC; Mark Majeske, Alacriti 12:15pmPT: Meeting Close (Emerald Ballroom) Sat, 19 Apr 2025 03:37:47 GMT http://fasterpaymentscouncil.org/events/2292/FPC-2025-Spring-Member-Meeting http://fasterpaymentscouncil.org/events/2542/Webinar--Radically-Simple-Instant-Payments--How-Credit-Unions-Can-Quickly-Modernize-Payment-Infrastructure events Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, March 19 from 10:00am-11:00amET. The demand for fast, secure, and seamless payments is reshaping the financial services landscape. While credit unions have traditionally excelled in member service, many are falling behind as large banks and fintechs set new expectations with instant payment capabilities. Despite clear benefits, adoption rates remain low, leaving many credit unions at a competitive disadvantage. In this webinar, we'll guide credit union leaders through the opportunities and challenges of adopting instant payments. We'll share real-life examples of how credit unions are transforming their operations with core-independent payment processing, enabling them to offer modern member services like real-time payroll, funding digital wallets, and supporting small businesses with speed and convenience using instant payments. Webinar Focus: How instant payments enhance member engagement and retention. The risks of delaying adoption and how to remain competitive. Overcoming common barriers such as cost concerns, fraud risk, and operational challenges. Best practices for building 24/7 payment infrastructure without a core system overhaul. How innovative solutions like Finzly make implementation fast and cost-effective. Don't let outdated payment infrastructure hold your credit union back. Learn how you can quickly and efficiently integrate instant payments to meet evolving member expectations and future-proof your institution. Speakers: Reed Luhtanen, Executive Director, US Faster Payments Council Mark Sievewright, Chief Strategy Officer, SRM Corp Dean Nolan, VP of Product Marketing, Finzly Please register using the link below to attend the free webinar. Register Thu, 06 Mar 2025 08:13:01 GMT http://fasterpaymentscouncil.org/events/2542/Webinar--Radically-Simple-Instant-Payments--How-Credit-Unions-Can-Quickly-Modernize-Payment-Infrastructure http://fasterpaymentscouncil.org/events/2304/Webinar--Navigating-Instant-Payments---Case-Studies-and-Operational-Insights-for-Receiving-Instant-Payments events Join us for an upcoming webinar, sponsored by Endava, on Tuesday, December 10 from 1:00pm-2:00pmCT. In this webinar, industry leaders will explore operational considerations for implementing instant payment systems, featuring insights from financial institutions that have successfully implemented the receipt of instant payments. Attendees will hear firsthand accounts of the journey these institutions took, including key lessons learned and the impact on their operations. Speakers: • Robyn King, SVP, Banking & Capital Market Sales, Endava • Maranda Blake, SVP, Payment Operations, FirstBank • Sri Iyer, Head of Product, Payments, Cross River Bank • Mary Gilmeister, President and CEO, Macha Please register using the link below to attend the free webinar. Register Fri, 08 Nov 2024 01:58:27 GMT http://fasterpaymentscouncil.org/events/2304/Webinar--Navigating-Instant-Payments---Case-Studies-and-Operational-Insights-for-Receiving-Instant-Payments http://fasterpaymentscouncil.org/events/2249/Webinar--Preparing-for-the-Accredited-Faster-Payments-Professional--AFPP--Exam events Join us for an upcoming Nacha/FPC webinar on Tuesday, October 8 from 12:00pm-1:00pmCDT. Nacha and the U.S. Faster Payments Council have worked together to introduce the Accredited Faster Payments Professional Program (AFPP). The first exam will be held in February 2025. In this webinar, members of the AFPP Oversight Panel will provide insight into specific topics addressed in the exam and how you can begin to prepare now. Attendees will come away with an understanding of the benefits of becoming an AFPP, continuing education requirements, and where to acquire training and education for the exam. Speakers: • Stephanie Prebish, Senior Managing Director, Association Services, Nacha • Larry Fatima, Executive Director, Payables Product Management, Wells Fargo Please register using the link below to attend the free webinar. Register Sat, 07 Sep 2024 02:02:54 GMT http://fasterpaymentscouncil.org/events/2249/Webinar--Preparing-for-the-Accredited-Faster-Payments-Professional--AFPP--Exam http://fasterpaymentscouncil.org/events/2252/FPC-2024-Fall-Member-Meeting events The Fall Member Meeting is set to gather FPC members for two days of insightful presentations, dynamic panel discussions with industry experts, timely roundtables, and valuable networking opportunities. Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field. This event will take place on September 30-October 1 at the Hyatt Regency Denver at Colorado Convention Center located at 650 15th St, Denver, CO 80202. Be part of the conversation shaping the future of faster payments. MEETING AGENDA Sunday, September 29 5:00pm-6:30pmMT: Welcome Reception (Capitol Foyer) Monday, September 30 7:30am: Registration Opens (Capitol Foyer) 8:00am-9:00amMT: Networking Breakfast (Capitol Ballroom 1-4) 9:00am-9:10amMT: Opening Remarks (Capitol Ballroom 1-4) Speakers: Kevin Miyamoto, Identifee; Reed Luhtanen, FPC; Carl Slabicki, BNY 9:15am-9:55amMT: Panel Session – First Look at the 2024 Faster Payments Barometer Results (Capitol Ballroom 1-4) Join us for an exclusive first look at the 2024 Faster Payments Barometer results, where we'll dive into the latest trends, insights, and challenges shaping the future of faster payments. This session will provide a comprehensive analysis of key industry metrics, highlight opportunities for innovation, and offer strategic guidance to navigate the evolving landscape of payments. Don't miss the chance to stay ahead of the curve and gain actionable insights that will drive your organization's success in the year ahead. Speakers: Vinay Prabhakar, Volante Technologies; Reed Luhtanen, FPC; Carl Slabicki, BNY; Keith Vander Leest, Cross River 10:00am-10:40amMT: Panel Session – Soaring or Stalling: Why Instant Payment Volumes Aren't Matching the Hype (Capitol Ballroom 1-4) The slow adoption of instant payments is a wakeup call: only a fraction of the nation's financial institutions are on board with the RTP network and FedNow, but access to instant payments is still not mainstream. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption. Strategic shifts are required to unlock the full potential. Speakers: Miriam Sheril, Form3; Tony Cook, FirstBank; Tristan Thompson, Arvest Bank; Jim Colassano, The Clearing House 10:40am-10:50amMT: Networking Break (Capitol Foyer) 10:50am-11:30amMT: Concurrent Breakout Session – Leveraging Instant Payments to Find the Disbursements and Cash Management Sweet Spot (Capitol Ballroom 5) With access to FedNow and RTP instant payments, businesses and consumers are gaining new levels of flexibility to send payments and maintain or improve their cash flow. Financial Institutions are enabling use cases and improving send reach that allows customers to manage their cash on hand and easily disburse payments up to the due date while maintaining a positive account status and avoiding late fees. Speakers: Phillipa Wilson, Mastercard; Rusiru Gunasena, The Clearing House; Sri Iyer, Cross River; Sergio Aguilar, Jack Henry; Mark Majeske, Alacriti 10:50am-11:30amMT: Concurrent Breakout Session – Industry Collaboration to Define and Classify Scams (Capitol Ballroom 7) In 2023, the FTC reported $10 billion in losses from scam activity, a 14% increase from the previous year. In response, the Federal Reserve formed a scams definition and classification work group of payments and fraud experts to provide a more consistent foundation for scams reporting to help the payments industry better understand and mitigate the problem. This panel will discuss the classification system and how it can be utilized by the industry to drive consistency and combat scams. Speakers: Liam Cooney, Mastercard; Mike Timoney, Federal Reserve; Yinglian Xie, DataVisor; Shelley Rojano, JPMorgan Chase; Lee Kyriacou 11:30am-12:30pmMT: Networking Lunch, sponsored by Sphere Labs (Capitol Ballroom 1-4) 12:30pm-12:40pmMT: Special Presentation (Capitol Ballroom 1-4) 12:40pm-1:20pmMT: Panel Session – .14 Seconds between First and Last Place: The Future Ecosystem of Real-Time Treasury and Payments (Capitol Ballroom 1-4) The difference between first place and last place can be in .14 seconds. For the first time in the history of the United States Payment's Conferences, AI will be a sitting panelist and answer questions alongside the other esteemed panelists. This session will be a pioneering and historic panel that promises to demonstrate what the future ecosystem of real time treasury and payment operations will look be from leading FIs, Fintechs, ecosystem orchestrators, and artificial intelligence. Speakers: Kevin Miyamoto, Identifee; Caroline Cypriano, JJ4Tech; Kevin Garlan, Goldman Sachs; Perry Schiff, Modern Treasury 1:25pm-2:05pmMT: Panel Session – Beyond 'Receive-Only' in Instant Payments: A Strategic Opportunity for Financial Institutions (Capitol Ballroom 1-4) As FedNow recently celebrated its first year since launching and RTP continues to gain traction in the market, the landscape of instant payments in the US brims with potential. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. Does this signal a crucial gap in capitalizing on opportunities? The success of Brazil's Pix and India's UPI in instant payments, leveraging open ecosystems and user-centric apps, highlights the need for US financial institutions to modernize their offerings, especially by including capabilities for sending instant payments. This panel aims to explore strategic pathways for enhancing 'sending' capabilities and navigating the evolving landscape. Speakers: Booshan Rengachari, Finzly; Reed Luhtanen, FPC; James Dillard, Texas Capital Bank; Erik Van Bramer, Federal Reserve Financial Services 2:05pm-2:20pmMT: Networking Break (Capitol Foyer) 2:20pm-3:00pmMT: Concurrent Breakout Session – Consumer Faster Payments Pain Points and the Search for Solutions (Capitol Ballroom 5) In this session, consumer advocates and others who regularly deal with individuals suffering a loss through the use of faster payments will talk about the impact scams, imposter schemes, and other payment issues are having on consumers, and some suggestions for addressing these problems. Speakers: Cathy Lesser Mansfield, National Consumer Law Center; Carla Sanchez-Adams, National Consumer Law Center; Kevin Olsen, Pidgin 2:20pm-3:00pmMT: Concurrent Breakout Session – The Power of ISO 20022: Unlocking Efficiency and Global Reach in Payments (Capitol Ballroom 7) The world of payments is undergoing a major transformation with the adoption of ISO 20022. This session dives into the improvements this standard brings and why financial institutions shouldn't miss out. We'll explore 1) How ISO 20022 aligns different payment systems, facilitating smoother cross-border transactions; 2) The benefits of standardized data fields that eliminate data loss and ensure clear messaging; and 3) How ISO 20022 prepares existing payment systems to maintain their relevance. Speakers: Laura Sullivan, Form3; Kenneth T.P. Wong, TD Securities; Frank Van Driessche, Federal Reserve System; Joanne Strobel, Wells Fargo; Vishal Pasari, Euronet 3:00pm-3:15pmMT: Networking Break (Capitol Foyer) 3:15pm-3:55pmMT: Panel Session – How Pay-by-Bank is the Perfect Solution for Merchants and Consumers (Capitol Ballroom 1-4) Pay-by-Bank has struggled to emerge into retail in the past due to the prevalence of consumer-oriented payment methods like debit and credit cards. However, with the launch of FedNow and it's contemporary, ACH Real Time Payments, Pay-by-Bank is primed to launch as instant authorization and settlement is a significant benefit to all stakeholders in the payments ecosystem. Join a panel of merchant and provider experts as they discuss the use cases and potential of faster and A2A payments. Speakers: John Drechny, Merchant Advisory Group; Ross McFerrin, Trustly; Perry Starr, Target 4:00pm-4:40pmMT: Panel Session – Financial Inclusion and Cross-Border Payments: Perspectives Opportunities and Challenges (Capitol Ballroom 1-4) In this session, we'll carry forward the panel from the Spring Member Meeting and place a strong emphasis on the human element with personal experiences and challenges facing underrepresented communities. Speakers: Anthony Serio, Sphere Labs; Stephany Kirkpatrick, Orum; Janice Ong, UNFCU; Mark Graves, Conduit Financial; Brian Clarke, Federal Reserve 6:00pm-8:00pmMT: Evening Event, sponsored by Cross River, at Lucky Strike Denver Join us for a fun-filled networking event with fellow FPC Members. Food and drinks will be served along with activities including bowling, billiards, shuffleboard, and cornhole. Lucky Strike, located at 500 16th St Mall #340, is a short walk from the Hyatt Regency Denver and the Grand Hyatt Denver. Tuesday, October 1 8:00am-9:00amMT: Networking Breakfast (Capitol Ballroom 1-4) 9:00am-9:05amMT: Day 2 Kick Off (Capitol Ballroom 1-4) 9:05am-9:45amMT: Panel Session – The Path to Enabling Cross-Border Real-Time Payments (Capitol Ballroom 1-4) As real-time payments progress towards ubiquity across the U.S., cross-border ambitions continue to increase. In this session, we'll discuss essential components required to make cross-border real-time payments a reality. On behalf of the Cross-Border Payments Work Group, our expert panel will discuss the needs of global standards, regulatory and political challenges, infrastructure and use cases. Speakers: Bridget Hall, ACI Worldwide; Rusiru Gunasena, The Clearing House; Niranjan Venkatesan, Amazon; Kandice Alter, Federal Reserve Financial Services; Hannah Melton, Wise 9:50am-10:30amMT: Panel Session – Pick A Side: Do We Need Directories to Drive Faster Payments Adoption? (Capitol Ballroom 1-4) Much has been said about how a directory capability will drive faster payments adoption. Where is a directory necessary and where is it not? Who's to say a directory is necessary – the senders or receivers? What are the pros and cons? This session will pressure test the need for a directory capability with a live debate. The moderator will drive the conversation, but audience participation will be encouraged! Speakers: Sarah Hoisington, Matera; Greg Lloyd, Endava; Jim Schneck, Alloya Corporate Federal Credit Union; Liz Garner Divelbiss, CMSPI; Mark Majeske, Alacriti; Perry Starr, Target; Todd Koehn, Bankers' Bank 10:30am-10:40amMT: Networking Break (Capitol Foyer) 10:40am-11:20amMT: Concurrent Breakout Session – Embracing AI in Payments: What's Next? (Capitol Ballroom 5) In the rapidly evolving world of faster payments, artificial intelligence (AI) is a game changer, transforming how payments are processed, secured, and conceptualized. This session will dive into the forefront of AI innovations that are setting new benchmarks in the payments industry. Industry experts will explore current trends in AI that impact payment technologies, from fraud detection algorithms and risk management to personalized customer experiences and operational efficiencies. Speakers: Angela Murphy, Pidgin; Peter Tapling, PTap Advisory; Kevin Miyamoto; Identifee; Glenn Wheeler, Catalyst Corporate Federal Credit Union 10:40am-11:20amMT: Concurrent Breakout Session – Instant Payment Send Adoption Playbook – Operational Considerations for FIs (Capitol Ballroom 7) In this session, join the Operational Considerations Work Group for discussion on FI implementation of instant payment send capabilities. Hear considerations including user experience, transaction routing, payments risk management, and navigating interoperability. The session features perspective from those who have been engaged in operationalizing send-side instant payments firsthand – highlighting obstacles faced and key learnings. We will wrap up with an interactive session for feedback on our research efforts. Speakers: Kevin Michels, Guidehouse; Miriam Sheril, Form3; Tony Cook, FirstBank; Michael Hom, JPMorgan Chase 11:20am-11:35amMT: Networking Break (Capitol Foyer) 11:35am-12:30pmMT: Panel Session – Insights Into the Instant Payments Outlook Study (Capitol Ballroom 1-4) Join us as the Federal Reserve and FPC host a panel of industry participants to discuss the recent Instant Payments Outlook survey that was conducted to help the industry quantify key leaders' insights into the adoption of instant payments. Participants can expect to hear from industry experts on use-case trends, as well as key drivers that are helping (or challenging) instant payments adoption. Speakers: Brian Mantel, Federal Reserve; Reed Luhtanen, FPC; Elspeth Bloodgood, Jack Henry; Keith Vander Leest, Cross River; Loren Barton, Amazon 12:30pmMT: Meeting Close (Capitol Ballroom 1-4) Mon, 30 Sep 2024 09:58:50 GMT http://fasterpaymentscouncil.org/events/2252/FPC-2024-Fall-Member-Meeting http://fasterpaymentscouncil.org/events/2251/Webinar--Leading-the-Way-in-Instant-Payments-Innovation-Maximizing-the-Full-Potential-of-RTP-and-FedNow events Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high. However, a significant challenge persists: over 60% of financial institutions face readiness gaps with sending instant payments. It's time to lead the charge. Webinar Focus: Understanding the strategic importance of actively sending instant payments to maximize institutional growth. Strategies for leveraging ISO 20022 messages to develop profitable value-added services. Catering to corporate customers as the primary revenue source for instant payments. Overcoming readiness gaps with digital banking vendors to maintain competitive advantage. Speakers: Steve Ledford, Executive Advisor, Finzly James Dillard, SVP, Treasury Product Management Payments and Channels, Texas Capital Bank Erik Van Bramer, SVP, Head of Customer Relations, Federal Reserve Financial Services Please register using the link below to attend the free webinar. Register Sat, 07 Sep 2024 01:35:51 GMT http://fasterpaymentscouncil.org/events/2251/Webinar--Leading-the-Way-in-Instant-Payments-Innovation-Maximizing-the-Full-Potential-of-RTP-and-FedNow http://fasterpaymentscouncil.org/events/771/FPC-2022-Spring-Member-Meeting events The Spring Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities. This in-person event will take place on March 3-4, 2022 at the Loews New Orleans Hotel. Please note: the City of New Orleans Health Department currently requires all individuals to provide proof vaccine or negative antigen or PCR COVID-19 test taken within 72 hours prior to entry to indoor gatherings.An indoor mask mandate is also in effect. To streamline the verification process, the CLEAR app provides an option to create a digital vaccine card – it's secure, easy, and takes just minutes. Visit the CLEAR website to learn more and get started. MEETING AGENDA Wednesday, March 2 5:00pm-7:00pmCT: Reception/Happy Hour (Piazza D'Italia) Thursday, March 3 11:30am-12:30pmCT: Lunch Served (Parish Hall/Feliciana) 12:30pm-1:00pmCT: Opening Remarks (Louisiana Ballroom) Speakers: Michael Bilski, FPC Board Chairperson; Reed Luhtanen, FPC Executive Director; Angela Hendershott, FPC Director of Operations 1:00pm-1:40pmCT: Panel Session – It Takes an Ecosystem: How Payment Providers Can Transform the FI Backroom to Enable Instant Payments (Louisiana Ballroom) It takes an ecosystem to prepare for instant payments. Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments. In this session, organizations across the ecosystem will discuss how FIs must transform their backrooms in preparation for instant payments along with how to discuss these updates with providers. Speakers: Marisa Parella, Federal Reserve; Mark Ranta, Alacriti; Sherri Reagin, North Salem State Bank; Elspeth Bloodgood, Jack Henry & Associates 1:40pm-2:20pmCT: Panel Session – Fin+Tech = Unlocking Limitless Potential (Louisiana Ballroom) Fintech solutions are not a one-size-fits-all approach. As financial institutions grapple with meeting complex business demands in a rapidly changing technology landscape, the question is no longer "build versus buy," but how to partner to streamline your technology and operations within an organization -- all while meeting the challenges of the business. Join us to learn how you can leverage technology and partners to maintain a competitive advantage. Speakers: Albert Hwu, Wells Fargo; Srinivas Chintakrinda, Volante Technologies; Randy Von Feldt, Bill.com 2:20pm-2:45pmCT: Networking Break (Parish Hall/Feliciana) 2:45pm-3:25pmCT: Panel Session – Lessons Learned from Faster Payments Systems in Other Countries (Louisiana Ballroom) Faster, safer, smarter: these are the metrics that will define success in faster payments in the United States. Evidence from countries that were early to adopt faster payments can provide important insights into the evolution of the US faster payments ecosystem. This panel will cover lessons learned from other countries regarding the end-user experience. Attend this session to hear a discussion on financial inclusion, authentication, and consumer protections. Panelists will share takeaways on the faster payments experience in the UK, Africa, India as well as for cross-border transactions. Speakers: Adam Rust, NCRC; David Dwumah, OurBanc Corporation; Rina Wulfing, Wise; Len Meyers, Iliad Solutions 3:25pm-4:05pmCT: Panel Session – FedNow, Cloud, ISO20022, APIs...How to Put All the Pieces of the Puzzle Together into One Modern Payments Hub (Louisiana Ballroom) This panel will explore the factors and requirements influencing attitudes to, and readiness for, payments hub adoption and modernization in North America. It will be based on the results of an online survey of 100 participants from payments processing organizations across the globe (conducted by Edgar, Dunn & Company on behalf of ACI Worldwide and the U.S. Faster Payments Council), regarding their current and expected payments hub status and their wider payments modernization journey. ACI Worldwide's leaders will share considerations and recommendations for financial institutions to consider as they plan their own payments hub modernization journey. Speakers: Borja Lopez, ACI Worldwide; Craig Ramsey, ACI Worldwide; David Grindal, ACI Worldwide 4:05pm-4:45pmCT: Panel Session – Payment Option Overload: How Much is Too Much? (Louisiana Ballroom) Over the past decade we've seen the payment options available to consumers and corporates increase drastically. This begs the question; how many different payment options is too much? In this session we'll explore the growth of new payment options, their outlook in the future, and how banks and Fintechs are working together to provide unified payment experiences. Speakers: Matthew Parker-Jones, JPMorgan; Craig McDonald, Trustly; Peter Davey, The Clearing House; Brent Ho-Young, Dream Payments 4:45pm-5:25pmCT: Panel Session – Two Worlds Colliding: Digital Payments and Traditional Finance (Louisiana Ballroom) The worlds of digital payments and traditional finance have fully collided in 2021 into the mainstream population. Digital assets and cryptocurrency are being considered on all levels and embraced by investors, financial institutions, and regulators – including their impact on faster payments. In this session, we will discuss the impacts of digital assets on faster payments, including the benefits, risks, implementation considerations, and 2022 expectations. Speakers: Jonathan Shiery, Guidehouse; Samantha Pelosi, Guidehouse; Thomas Harrison, Gemini; Paul Wong, Stellar Development Foundation 7:00pmCT: Evening Party at Barcadia Restaurant, sponsored by Identifee Join us for a networking event with dinner and drinks served. Barcadia is located at 601 Tchoupitoulas St, a short distance from the Loews Hotel. Please RSVP for the event here. Friday, March 4 7:00am-8:00amCT: Breakfast Served (Parish Hall/Feliciana) 8:00am-9:00amCT: Day 2 Kick Off and Joshua Lozoff Keynote Presentation – The Magic of Communication (Louisiana Ballroom) 9:00am-9:50amCT: Panel Session – Doing Well by Doing Good: Achieving Inclusive Economic Growth in New Orleans (Louisiana Ballroom) This panel session will explore the potential for faster payments to accelerate economic growth on local level. Learn more about how the City of New Orleans is designing long-term strategies and financial inclusion programs to tackle persistent economic challenges in their community. Speakers: Reed Luhtanen, FPC; Joshua Cox, Office of Mayor LaToya Cantrell; Steve Tae, Mastercard; Wole Coaxum, Mobility Capital Finance 10:00am-12:00pmCT: Concurrent Work Group Breakout Sessions FPC Work Groups are where it's at! Jump into any six of the work group discussions, learn about hot topics in the industry, get a sneak peek at the deliverables, how they are tackling and solving problems in the adoption of Faster Payments, and participate in Q&A sessions with the Chairs, Vice Chairs and members from the work groups. These 30-min breakout sessions will run three times with a 10-min break between each. Directory Models: Accelerating the Use of Faster Payments (LaForche) Presenters: PeterTapling, Ptap Advisory; Lou Grilli, PSCU Fraud Information Sharing: Insights into the 2021 Faster Payments Fraud Survey & Report (Point Coupee) Presenter: Deborah Baxley, PayGility Advisors Financial Inclusion: Ways to Broaden Use and Value of Faster Payments for the Underserved (St. Landry) Presenters: Adam Rust, NCRC; Ryan McNaughton, North American Banking Company; David Dwumah, OurBanc Corporation Education & Awareness: Showcase - Faster Payments Use Cases, Solution Providers, FAQs, Terms (St. Tammany) Presenters: Charles Harkness, Corporate One FCU; Steve Wasserman, Vments; Beverly Kennedy, JPMorgan; Kathy Feringa, Alloya Corporate FCU; Beatriz Saldivar, Kyriba; Glenn Wheeler, Catalyst Corporate FCU QR Code Interface: Explore How QR Codes can be Used for Faster Payments (Terrebonne) Presenters: Scott Green, SHAZAM; Steve Mott, BetterBuyDesign Cross Border Payments: Central Bank Digital Currencies and Their Effect on Cross-Border Faster Payments (Louisiana Ballroom) Presenters: Barry Tooker, iSoftware4Banks; James Sellick, Ripple; Rodman Reef, Reef Carson Consulting 12:00pm-1:00pmCT: Lunch Served (Parish Hall/Feliciana) Wed, 30 Mar 2022 11:08:15 GMT http://fasterpaymentscouncil.org/events/771/FPC-2022-Spring-Member-Meeting http://fasterpaymentscouncil.org/events/31/The-Banker-s-Bank-User-Conference events Tue, 24 Mar 2020 01:58:03 GMT http://fasterpaymentscouncil.org/events/31/The-Banker-s-Bank-User-Conference