The U.S. Faster Payments Council (FPC), a membership organization dedicated to swift payments, has named industry veteran Reed Luhtanen as its executive director, according to an announcement on Wednesday (March 25). Most recently with Walmart Inc. and an officer on the FPC Board, Luhtanen brings a...
The Federal Reserve System has joined the U.S. Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. 5). “Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and...
Recent analysis from Juniper Research found that blockchain-powered cross-border B2B payments are expected to reach a $4.4 trillion valuation by the end of 2024, and $191 billion by the end of this year. Not only does that figure represent the growing demand among businesses for...
Membership in the U.S. Faster Payments Council (FPC) is growing with the addition of ACI Worldwide, as the electronic payments and banking solution provider announced this week. The company is joining the FPC to support U.S. initiatives of innovating in faster payments capabilities and promoting...
November 20, 2018
Real-time payments: It’s one of those changes that everyone seems to agree on, but could still use some push. That’s the idea behind the recently launched Faster Payments Council (FPC), a group of payment industry participants with the goal of providing a ubiquitous payment system with near-immediate funds availability anywhere. New PYMNTS research painted a detailed […]
March 25, 2020
The U.S. Faster Payments Council (FPC), a membership organization dedicated to swift payments, has named industry veteran Reed Luhtanen as its executive director, according to an announcement on Wednesday (March 25). Most recently with Walmart Inc. and an officer on the FPC Board, Luhtanen brings a wealth of industry knowledge and experience to the role, the […]
December 05, 2019
The Federal Reserve System has joined the U.S. Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. 5). “Our payment system...
January 15, 2019
The U.S. Faster Payments Council (FPC), a membership comprised of payment industry leaders, has appointed Kevin Christensen, a senior executive at the SHAZAM network, as the acting executive director and...
April 25, 2018
The Governance Framework Formation Team (GFFT) said Tuesday that it has completed a draft framework to create a new U.S. Faster Payments Council (FPC), eight months in the making. The...
