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Faster Payments Council Blog

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No “Dog Days of Summer” for the FPC
Aug 01, 2022
Reed Luhtanen, Executive Director, FPC
With many parts of the United States facing some of the highest temperatures of the season, I think it is fair to say that we are officially in the “dog days of summer.” But at the FPC, we haven’t let it deter us. If anything, over the past couple of...
FPC: Continuing the Production of Timely and Relevant Industry Resources
Jul 06, 2022
Reed Luhtanen, Executive Director, FPC
It’s been a productive year to date for the FPC. In the way of major reports, we’ve issued the Faster Payments Barometer, our annual survey gauging progress and perceptions around faster payments, use cases, trends, and challenges. ...
Supporting Business End-Users and Faster Payments
Jun 02, 2022
Reed Luhtanen, Executive Director, FPC
Recently, the FPC shared with members the detailed findings from our latest resource, the Business End-User Satisfaction with Faster Payments Momentum Report, a qualitative follow-up to some of the findings in the 2021 Faster Payments Barometer. ...
How Has the Pandemic Permanently Reshaped the Payments Experience and Consumer Behavior in the U.S.?
Jun 01, 2022
Sumit Arora, Head of Payments Ecosystem Enablement, Wells Fargo
During the pandemic, the payments industry in the U.S. was tested like never before. Consumers were forced to shop and pay differently, and businesses were forced to find new ways of transacting. As a result, the demand for digital and convenient pay...
Bank Transformation: Taking the Pain Out of Implementing Real-Time Payments
May 27, 2022
Anthony Walton, Chief Executive Officer, Iliad Solutions
Despite the surge in instant digital transactions driven by the pandemic, a fascinating 39% of demand deposit accounts (DDAs) in the US are still not connected to the Real-Time Payment RTP Network. According to US Bank, The Clearing House’s RTP Netwo...
Putting Sustainability in Payments
May 12, 2022
Carl Slabicki, Co-Head of Global Payments, BNY Mellon
How green are your payments? Carl Slabicki, Co-Head of Global Payments at BNY Mellon, explores the environmental impact of paper checks and how digital solutions can lead to a sustainable future. Sustainability has fast become a top priority for sta ...
Supporting the Underserved: Education, Programs and Products, and Faster Payments
May 09, 2022
Reed Luhtanen, Executive Director, FPC
Last month’s Financial Literacy Month has put today’s economic environment in a new perspective. With inflation on the rise--prices rose 8.5 percent in March, compared to 2021, the biggest year-over-year gain since December 1981. ...
Payments Fraud: Taking Advantage of the Human in Us
Apr 04, 2022
Reed Luhtanen, Executive Director, FPC
We are our own worst enemy. It’s been said of humans many times before, in different contexts, but one in which it has grown in applicability is in payments, and in particular payments fraud. According to the latest research, payments fraud as a re ...
Building Resilience with Faster Payments
Mar 01, 2022
Reed Luhtanen, Executive Director, FPC
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.”...
Seeking More: Faster Payments in the U.S. and Beyond
Feb 07, 2022
Reed Luhtanen, Executive Director, FPC
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. ...
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...