The Path To Faster Payments Ubiquity Starts With You

Faster Payments Council Blog

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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. ...
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...
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...