Reed Luhtanen, Executive Director & CEO, FPC
What an awesome time we had with Members last month at the FPC’s Fall Member Meeting. Coming together as a community, we worked through the topics that are changing the face of payments.
For instance, during our U.S. Instant Payment Adoption: Turning Global Lessons into Actionable Insights session, we reviewed how instant payments adoption is progressing around the globe, showcasing trends in countries like Malaysia, India, Australia, and more. With this global backdrop, we explored how the United States is faring and confirmed that its ramping up its faster payments pace and gaining momentum.
We explored the latest innovations impacting the increasing impetus behind faster payments. In the session, Practical Innovation: How Applied Data Will Shape the Future of Payments, we dove into the topic of transaction tagging, a means of capturing more granular context about a payment, starting with its purpose. When leveraged with faster payments like RTP®, tagging can increase transparency and visibility, improve efficiency and straight-through processing, support risk management and fraud prevention, and more. And what makes it even more promising is the fact that while it generates many benefits for one rail, the value of this innovation can be magnified and felt across all rails.
We also discussed emerging solutions like Pay By Bank, that too are accelerating adoption. The session, Practical Path to Innovation for the Pay by Bank Revolution, shed light on the current gaps in Pay By Bank, and the opportunity it has in the market to serve as a trusted, fast, non-card payment option. With use cases expanding into areas like single- or multi-purpose wallet and commerce, the prospect of Pay By Bank will continue to rise.
While these were just a few of the many topics discussed at the Fall Member Meeting, they provide a good snapshot of the exciting and shifting times we are privileged to be part of. We plan to build on these themes and more during our 2026 Spring Member Meeting, which will be held February 26-27, in National Harbor, MD.
Because as the faster payments environment continues to evolve, the FPC and our Members will be the ones to advance the topics that will propel faster payments into the future.
If you would like to help us take faster payments into the future, we invite you to consider a Membership with the FPC. Through resource development, Work Groups, educational events, and so much more, you can help shape faster payments and gain an edge in navigating the evolving landscape. Reach out to our Member Services Team today to find out how you can become part of the advancement.