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FPC announces 2024 Board of Directors

Monday, June 24, 2024 — 16:20:32 (EDT)

Bentonville, Ark., June 24, 2024 – The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, proudly announces the results of the 2024 election for its Board of Directors. This year, FPC members selected directors committed to upholding the organization's core principles of inclusiveness, flexibility, and transparency in their decision-making processes.

The newly elected FPC Board of Directors is made up of influential leaders from various sectors, including financial institutions, technology providers, business end users, payment network operators, consultants, payment associations, and consumer advocacy groups. The Board holds the crucial role of offering strategic guidance, promoting collaboration, and ensuring that all processes, activities, and recommendations align with the FPC's foundational values.

Starting July 1, 2024, six senior executives will begin their three-year terms as Directors. This group includes four current Directors who have been re-elected and two newcomers to the Board. Additionally, two senior executives will serve one-year terms as new At-Large Board Directors.

"We are thrilled to welcome the FPC's new Board members, whose diverse backgrounds and wealth of experience will undoubtedly enhance our collective efforts in advancing faster payments in the United States," said FPC Board Chairperson Michael Bilski. "I also want to extend my sincere thanks to the outgoing directors Kevin Christensen, Steve Kenneally, Beverly Kennedy, and Rob Lewis for their unwavering dedication and significant contributions, which have been integral to our progress and accomplishments."

The four new Directors who will join the FPC Board include: · Scott Anchin, Vice President, Operational Risk and Payments Policy, Independent Community

Bankers of America · Miriam Sheril, Head of Product – US, Form3 · Steve Wasserman, Technology Architect, Photon Commerce · Phillipa Wilson, Vice President, Faster Payments Strategy, Mastercard

The four returning Directors re-elected to new terms include: · Margo Giles, Senior Vice President, Payment Operations, Alloya Corporate Federal Credit Union · Cathy Lesser Mansfield, Law Professor, National Consumer Law Center · Perry Starr, Director of Payment Acceptance, Target Corporation · Peter Tapling, Managing Director, PTap Advisory, LLC

"The guidance and leadership of our Board are essential to advancing the FPC’s mission. Their strategic vision, combined with a commitment to collaborative problem-solving are crucial as we tackle the evolving landscape of payments," said FPC Executive Director Reed Luhtanen. "We are at an inflection point. Stakeholders from across our membership are proclaiming a need for standardized user interfaces and dispute resolution practices. As we welcome new Board members, I'm confident their fresh perspectives and innovative ideas will help propel the organization forward, serving our stakeholders in meeting these needs."

U.S. Faster Payments Council Board of Directors 2024-2025

Business End Users

Perry Starr, Target Corporation (term ends 2027) Joshua Karoly, Netflix (term ends 2026) Matt Howarter, Walmart Inc. (term ends 2025)

Consumer Organizations

Cathy Lesser Mansfield, National Consumer Law Center (term ends 2027) Open Seat (term ends 2026) Open Seat (term ends 2025)

Financial Institutions

Margo Giles, Alloya Corporate Federal Credit Union (term ends 2027) Todd Koehn, Bankers’ Bank (term ends 2026) Michael Bilski, North American Banking Company (term ends 2025) Carl Slabicki, BNY Mellon (term ends 2025)

Others

Peter Tapling, PTap Advisory, LLC (term ends 2027) Liz Garner Divelbiss, CMSPI (term ends 2026) Steve Mott, BetterBuyDesign (term ends 2025) Scott Anchin, Independent Community Bankers of America (term ends 2025)

Payment Network Operators

Phillipa Wilson, Mastercard (term ends 2027) Jim Colassano, The Clearing House (term ends 2026) Lisa Akahoshi, Visa (term ends 2025)

Technology Providers

Steve Wasserman, Photon Commerce (term ends 2027) Booshan Rengachari, Finzly (term ends 2026) Elspeth Bloodgood, Jack Henry (term ends 2025) Miriam Sheril, Form3 (term ends 2025)

Contact:

Elizabeth Grice U.S. Faster Payments Council 720-737-7368 egrice@fasterpaymentscouncil.org

About the U.S. Faster Payments Council (FPC)

The FPC is an industry-led membership organization whose vision is 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 uses 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.

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release. end of article

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