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Faster Payments Council Blog

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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 ...
Exploring How Faster Payments Can Support Financial Inclusion
Apr 30, 2021
Reed Luhtanen, Executive Director, FPC
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...
U.S. Payments Players Must Build on Real-Time’s Breakthrough Year
Apr 22, 2021
Craig Ramsey, Head of Real-Time Payments - Banking, ACI Worldwide
We’ve become accustomed in recent years to talking of real-time payments in the U.S. in terms of its untapped mega-market potential. But, like so much else, it seems that the trend-shattering events of the previous year-and-a-bit have intervened to t...
Working Through Faster Payments Challenges and Opportunities in FPC Work Groups
Mar 17, 2021
Reed Luhtanen, Executive Director, FPC
Real work happens in the FPC’s Work Groups. They’re where we engage in the sometimes difficult, but necessary, dialogue to move faster payments forward. They’re where we identify the best options to solve specific problems. They’re where we create th...