Expanding faster payments with the FPC

/

The US Faster Payments Council is a AR-based industry-led membership organization advocating for quicker and more secure payments in the United States. Governed through working groups, the FPC adopts private-sector methods to expand faster payments’ footprint in the country, and offers intra-industry dialogue in compliance with antitrust legal frameworks. 

Onsite at Fintech Meetup, The FR met with Reed Luhtanen, Executive Director and CEO of the US Faster Payments Council. Luhtanen outlined: 

  • The purview of the FPC;

  • How the US Faster Payments Council achieves consensus among its private-sector stakeholders; 

  • How the launch of Real-Time Payments and FedNow have affected the Council’s work; 

  • How fintechs and other institutions can join the Council; and

  • Sources readers can consult to better understand the future of faster payments in the US.