US Faster Payments Council Names New Leadership

Faster Payments Council

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 interim board chair, according to a news release by the organization.

Christensen is one of 27 industry leaders who make up the Governance Framework Formation Team (GFFT), which guides the organization and its direction.

“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.”

The FPC is focused on certain key areas. One of these is safety and security, to “promote adoption of practices that enhance safety and security for service providers and users of faster payments, enabling a high-quality user experience for all and bolstering confidence and trust, which ultimately supports achievement of broader adoption.”

Also, it’s focused on end-user transparency. The FPC wants to “foster service provider strategies, policies, practices and capabilities that give end users transparency into what to expect when making faster payments, and ultimately bolstering confidence in faster payments, which results in greater adoption.”

Finally, the organization wants to promote education and awareness by developing a “program that results in better understanding of faster payments and greater confidence among providers and users, ultimately driving adoption and transaction volumes toward the industry goal of ubiquity.”

The FPC also said it’s also looking for diverse new members.

“The FPC is an inclusive organization that enables underrepresented 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 How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.