The Path To Faster Payments Ubiquity Starts With You

About Faster Payments Council

The Faster Payments Council (FPC) is an industry-led membership organization whose mission is to facilitate a world-class payment system where every person or organization can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country.

Driven by Shared Goals

The FPC’s structure, operations and activities adhere to fundamental principles:

Inclusiveness and Fairness

  • Through diverse, segment-level representation on the Board and opportunities to serve on committees and work groups, active members have a voice in the FPC’s direction and are informed by the perspectives of other members.
  • The FPC provides safeguards for information sharing and collaboration among members on issues of common interest.
Flexibility and Responsiveness

  • Members choose whether to adopt FPC recommendations and are able to implement them consistent with their individual organizations’ needs.
  • The FPC can quickly stand up work groups to target mutual problems and respond to issues facing faster payments. When appropriate, it will work with existing organizations to complement industry initiatives.
Transparency

  • The FPC has open, transparent and objective processes for internal deliberations and decision making.
  • Consensus decision making is a priority for FPC recommendations having a significant impact on any member; while not every decision may be unanimous, minority voices will have open, inclusive opportunities to be heard.