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Faster Payments Council Blog

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Embracing the Real-Time Payments Transformation
Jan 20, 2022
Ross McFerrin, VP Enterprise Growth, Trustly
Consumers were first introduced to real-time payments (RTP) a few years ago with the likes of Venmo and Apple Pay, with very positive results. Why wait hours or days to send money when you can do it instantly with one of these services?...
The FPC in 2021: Much to Celebrate
Dec 30, 2021
Reed Luhtanen, Executive Director, FPC
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 Meaningful Work to Achieve Faster Payments
Dec 02, 2021
Reed Luhtanen, Executive Director, FPC
The holiday season is a time to appreciate the more meaningful things in our lives. At the FPC, we embrace that mindset in all that we do, ensuring we are always providing value to the industry and taking impactful steps to get us closer to our faste...
Three Lessons Learned from Credit Union Early Adopters of RTP
Nov 17, 2021
Lou Grilli, Senior Innovation Strategist, PSCU
Currently there are about 150 financial institutions, including all the largest banks in the United States, actively participating in The Clearing House’s Real-Time Payments (RTP) service. Included in this list are 27 credit unions (and counting) who...
New and Renewed FPC Work Groups: Where the Work Happens
Nov 04, 2021
Reed Luhtanen, Executive Director, FPC
At the FPC, we’ve always stood behind the fact that the “Work Groups are Where It’s At.” They’re where the real work happens. They’re where Members come together around some of the most pressing faster payments topics to examine, discuss and solve fo...
The Acceleration of Faster Payments
Oct 07, 2021
Reed Luhtanen, Executive Director, FPC
COVID has accelerated the development of faster payments and digital solutions and services, adoption of these products, and use by end users. This view isn’t new. It’s the opinion we’ve heard about, read in articles, and shared with others for some ...
The New Reality of U.S. Payments
Sep 28, 2021
Carl Slabicki, Head of Strategic Payment Solutions, BNY Mellon Treasury Services
The U.S. payments space has experienced rapid evolution over the past few years. The era of competing primarily on price and service has been replaced with one where banks can also differentiate themselves as providers of innovative payment solutions...
A Full Fall Slate for Advancing the FPC Mission
Aug 31, 2021
Reed Luhtanen, Executive Director, FPC
August is one of the indicators that the end of summer is near, and fall is quickly approaching. And at the FPC, we are already preparing for a busy fall season with speaking engagements, meetings, key Work Group deliverables, and other strategic ini...
Faster Payments Adoption: It’s Much More than the Infrastructure
Aug 04, 2021
Reed Luhtanen, Executive Director, FPC
“If you build it, they will come.” While that advice proved successful for Kevin Costner in “Field of Dreams,” its applicability to faster payments does not transfer as easily. We were keenly reminded of this important fact during our most recent FP...
Taking on Cross-Border Faster Payments to Meet Newfound Consumer Expectations
Jun 29, 2021
Reed Luhtanen, Executive Director, FPC
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. ...
Interoperability and Why it is Dominating the Faster Payments Conversation
May 24, 2021
Reed Luhtanen, Executive Director, FPC
June marks the midpoint of the year. While it seemed like 2020 would never come to an end, 2021 is moving along at lightning speed. And the FPC seems to be keeping pace with it, having accomplished so much already this year: the launch of two new Wor...
The Changing Landscape of Banking Experience with RTP
May 18, 2021
John Burgos, Vice President – Business Development North America, Mindgate Solutions
We can all agree that the world has shifted, and this shift has affected the way we do many things.  While real-time payments (RTP) was previously considered an infrastructure luxury, it has now become a common method of payment in many parts of the ...