As real-time payments continue to grow and evolve, the convenience for businesses and financial institutions is already well known. However, when making the case for real-time payments internally, questions must be answered, such as: how can revenue be generated? And what are the benefits (beyond just being faster)?
Join us for a discussion with Reed Luhanten, Executive Director at the U.S. Faster Payments Council (FPC), Keith Gray, Vice President, Strategic Partnerships at The Clearing House, and Mark Majeske, SVP Faster Payments at Alacriti.
In this discussion, you will learn:
- What the FPC is hearing from corporates, and what they would like to see
- Business use cases for real-time payments
- New data from the RTP network regarding usage
- The economics and evolution of instant payments regarding use cases
- How financial institutions are generating revenue with instant payments
PRESENTERS:
Reed Luhtanen
Executive Director
U.S. Faster Payments Council
Reed Luhtanen is Executive Director of the U.S. Faster Payments Council (FPC). Reed is responsible for managing daily operations and working with the FPC board and membership to execute on the FPC’s strategic plan while ensuring inclusive and transparent dialogue with all FPC stakeholders. Reed has extensive experience in the payments industry and has served on myriad industry bodies, most recently an officer on the FPC Board of Directors; the Federal Reserve-sponsored Governance Framework Formation Team, which created the U.S. Faster Payments Council; and the Corporate Advisory Group for The Clearing House’s Real-Time Payments System.
Keith Gray
Vice President, Strategic Partnerships
The Clearing House
During his 20–year career, Keith Gray has worked extensively with financial institutions of all sizes, as well as financial technology companies on emerging payments initiatives, mobile solutions, and online banking applications.
Mark Majeske
Senior Vice President, Faster Payments
Alacriti
As Senior Vice President of Faster Payments at Alacriti, Mark Majeske leads the overall corporate faster payments strategy and product development of the Cosmos payments hub. Previously, Mark led product development for the RTP® network, the FedNow SM service, and Zelle® at FIS. In addition, Mark was part of the team that designed, developed, and launched the RTP network at The Clearing House. He also worked in digital payments product development at JPMorgan Chase & Co., Citibank, SunTrust Banks (now Truist Financial Corporation) and TD Bank.
