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RTP progress just the beginning – Bankless Times


RTP progress just the beginning
The United States is moving closer to a competitive real-time payments (RTP) system and that is just the beginning of the innovations coming our way, Jessica Cheney believes.
Ms. Cheney is the vice president of product management and strategic solutions at Bottomline, a company automating and digitizing business payments and processes. She said because payments are not regulated like they are in regions like the European Union (with PSD2), changes can come slower stateside.
That is changing as the Federal Reserve Faster Payments Task Force has encouraged the industry to innovate in a free market fashion. Combine the efforts of Venmo, Zelle and PayPal with the surge in demand for RTP since the onset of the COVID-19 pandemic and there is fertile ground for growth. ....

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Shazam's Christensen re-elected to U.S. Faster Payments Council board


Shazam’s Christensen re-elected to U.S. Faster Payments Council board
Wednesday, June 9, 2021 3:07 PM
Shazam Inc., a Johnston-based nationwide provider of financial services to community banks and credit unions, announced that Kevin Christensen, senior vice president of market intelligence and data analytics, was elected to a second three-year term on the U.S. Faster Payments Council board of directors.Christensen was the organization’s first executive director and chairman when appointed in 2015, and he currently serves on the executive committee and finance committee. Over the years, as a member of the Faster Payments Task Force, he led the interoperability work group and was a member of the editorial board. Following the work of the task force, Christensen was elected to the Governance Framework Formation Team. The work group was responsible for developing the operating vision for the U.S. Faster Payments Council, of which Shazam ....

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