The U.S. Faster Payments Council (FPC) is a non-profit organization focused on enhancing the U.S. payment system. Established in 2018, it aims to enable secure and immediate payments for Americans, allowing them to pay anyone, anywhere, at any time. The FPC emerged from the Federal Reserve’s efforts to improve payment systems and operates on principles of fairness, inclusiveness, and transparency. It brings together a diverse range of stakeholders, including financial institutions, payment network operators, technology providers, and consumer organizations.
The FPC’s mission is to promote the adoption of faster payments by collaborating with stakeholders to address user needs and increase awareness of the benefits. It supports safety and security practices, develops guidelines for emerging issues, and runs educational programs to build confidence in faster payments. With over 175 member organizations, the FPC fosters collaboration across the payments ecosystem, allowing members to influence the evolution of faster payments.
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