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CBAI is Proud to be a Founding Member of the Faster Payments Council

The Community Bankers Association of Illinois is proud to be a founding member of the U.S. Faster Payments Council (FPC). Formed by the Fed in December 2018, the FPC is now a standalone organization whose mission is to advance the path to faster payments ubiquity in 2020, 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. Mark Field, president and CEO at Liberty Bank and chairman of the CBAI Faster Payments Committee, said “Membership in FPC provides a valuable opportunity for community bankers of all sizes to have a voice and influence the future path of faster payments."

Membership in FPC is open to all stakeholders in the development of the faster payments system. More information about membership in FPC can be found at fasterpaymentscouncil.org.