Jan. 15, 2019 – The recently launched U.S. Faster Payments Council (FPC) has named Kevin Christensen, a senior executive with the SHAZAM Network, as its Acting Executive Director and Interim Board Chair. Christensen was among the 27 payments industry leaders who comprised the Governance Framework Formation Team, which developed and established the FPC at the direction of the former Faster Payments Task Force. His employer, the SHAZAM Network, is a founding sponsor of the FPC.
"I'm thrilled to be leading this organization during its early formation and ensuring the FPC is well-positioned for success in the months ahead," Christensen said. "With more than 70 member applicants and counting we're already seeing a great response from the industry and validation of our mission to ensure all Americans have access to safe, efficient and ubiquitous faster payments."
In addition to Christensen, several other former GFFT members were appointed to interim leadership positions with the FPC, including:
Work is already underway by the FPC to establish work groups to address the key issues that, when addressed, would further catalyze broad adoption in the United States. Starting in January, work group activity will begin in the following areas:
Additional work groups are planned for later in the year in the areas of Fraud Information Sharing, Directory Models, and Regulations and Regulatory Guidance.
Organizations that enroll before January 31, 2019 as founding members gain eligibility for the initial FPC Board as well as the opportunity to serve as early influencers on the direction and focus of the FPC's work efforts. Those who join as founding sponsors enjoy added promotional benefits as well as a 10 percent discount on their first two years of membership dues. More information, including how to enroll, can be found at FasterPaymentsCouncil.org.
"The FPC is an inclusive organization that enables under-represented voices to have a seat at the table as the industry works to scale the adoption of faster payments," said Mark Keeling, Chief Operating Officer of The Bankers Bank and a founding member of the FPC. "I'm excited for the opportunities this creates for community banks in particular, and I encourage them to get in on the ground floor by enrolling now to become a member of the FPC."
The FPC is a new industry-led, fee-based membership organization whose mission is to facilitate a world-class payment system where Americans 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 will use collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information, please visit FasterPaymentsCouncil.org.