The Path To Faster Payments Ubiquity Starts With You

Faster Payments Council Blog

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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...
Leveraging Past and Present to Guide the Future
Feb 01, 2021
Reed Luhtanen, Executive Director, FPC
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, evalua...
For All the Progress, Challenging Work Still Ahead for Faster Payments
Dec 22, 2020
Reed Luhtanen, Executive Director, FPC
As each year comes to a close, it is customary to look back and take stock of accomplishments. 2020 is no different, despite the challenging year we’ve all faced due to the impacts of the COVID-19 pandemic. But even with the challenges, which for man...
Planning for Faster Payments in 2021 and Beyond
Nov 05, 2020
Reed Luhtanen, Executive Director, FPC
Autumn brings falling leaves, cooler weather, and for many organizations, strategic planning. As such, it is an opportune time to highlight the importance of planning for faster payments. While we’ve been encouraging organizations to prepare for year...
Meeting Unprecedented Times with Faster Disbursements
Oct 14, 2020
Reed Luhtanen, Executive Director, FPC
In a year where we’ve seen the emergence of the COVID-19 pandemic, the raging wildfires in California, a hurricane season so active we’ve exhausted the alphabet, and more, “unprecedented” has become an all too familiar term. And these incomparable ti...
U.S. Faster Payments Evolution: Share Your Thoughts on the Journey
Oct 05, 2020
Reed Luhtanen, Executive Director, FPC
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 ...
FPC Releases Faster Payments Fraud Prevention White Paper
Aug 04, 2020
Reed Luhtanen, Executive Director, FPC
“Faster payments equals faster fraud.” It’s the proverbial phrase that has echoed throughout the financial services industry since faster payments were introduced in the United States (well, even before they were formally introduced.) And there is po...
Solving for the Interoperability Challenge
Jun 12, 2020
Reed Luhtanen, Executive Director, FPC
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℠. ...
FPC Work Groups: Exploring QR Codes for Faster Payments
May 08, 2020
Reed Luhtanen, Executive Director, FPC
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.  ...
FPC Work Groups: Developing the Tools to Enable Success
Apr 27, 2020
Reed Luhtanen, Executive Director, FPC
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.  ...