12 March 2026 Brian Dammeir of Plaid on Open Banking, Standards, Fraud/Risk, Pyramids, and the Oscars

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Off the Rails from the U.S. Faster Payments Council - FPC 25 min 2 speakers 3 chapters transcribed 1 month ago
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Brian Dammeir 0:08
Off the rails with the U.S. Faster Payments Console.
Reed Luhtanen 0:22
I'm Reid Lutanen, CEO of the U.S. Faster Payments Council, and this is Off the Rails from the U.S. Faster Payments Council. Today I'm chatting with Brian Demeer from Plaid. Brian and I talk about the open banking revolution, payment standards, fraud and risk, the Oscars and pyramids, but first, the headlines. FPC's spring member meeting last month was really an incredible event. Big thank you to ePay Resources for sharing the week with us. Thank you to all our members who attended. We had by far the largest turnout we've ever had with leaders from all the major network providers, financial institutions of all sizes, consumer advocates, regulators, corporate treasury professionals, all taking the stage and engaging in dialogue throughout the event.
Reed Luhtanen 1:08
It's really a remarkable thing to be part of. And once again, a huge thank you to our member meeting sponsors. First, our platinum sponsors, ACI Worldwide, North American Banking Company, and Visa Direct. And our gold sponsors, Alloya Corporate Federal Credit Union, BNY, Brightwell, DeNovo Treasury, ePay Resources, Federal Reserve Financial Services, Finsley, MasterCard, Form 3, Plaid, Shazam, The Clearing House, PTAP Advisory, Trustly, Validify, Westpay, and Wyzea. I think we can still squeeze a couple more in there. I keep noting this, guys. We have more options, more availability for the fall conference. So if you're interested, hit us up. As always, you can learn more about FPC member meetings, including our fall member meeting in conjunction with EPCOR in Kansas City, and register by heading to fasterpaymentscouncil.org.
Reed Luhtanen 1:55
You can find a link toward the top of the page under events. And there's no rest for the weary. April is going to be a whirlwind. And I hope to see you all out on the road in April. I'm speaking at the Bankers Bank of Kansas Innovate 2026 in Wichita, Kansas on April 8th. Then the following week, I'm heading to EPCOR's Payments Palooza in Indianapolis, where I'll be speaking on April 14th. After that, it's back to D.C. for ABA's MDI partnership, where I'll be joining a panel discussion on April 22nd. And then, of course, we have Notch's big conference in San Diego, where where I'll be joining a bunch of incredible experts on three different panels on Monday, Tuesday, and Wednesday. In addition, FPC is a co-sponsor of the Coastal Coffee and Pacific Pints area in the exhibit hall.
Reed Luhtanen 2:39
Come by our booth to get tickets to enjoy a coffee or a beer while you catch up with your friends and colleagues. Also... On Monday, April 27th, FPC and ACI Worldwide are hosting a networking event at the Pool Club. The venue is just steps away from the convention center, so come on over after the exhibit hall reception ends on Monday at 645. And with that, let's get to that conversation with Brian DeMere from Plaid.
Reed Luhtanen 3:20
All right. I'm joined by Brian Demir from Plaid. Brian, welcome to the show.
Brian Dammeir 3:25
Thanks for having me.
Reed Luhtanen 3:26
All right. Why don't we get started with some background? I think, you know, maybe briefly regarding Plaid, because I would expect most of the people listening to this are probably familiar with Plaid. But, you know, make sure you kind of check that box. But also, you know, when we were chatting before, you got a bit of an interesting personal journey in payments. I'm always a little bit fascinated by everybody's backstory because, you know, Basically, none of us decided we wanted to get into payments as a career until it just kind of happened to us. So I kind of want to hear from you. How did you get here and what you've seen along the way that is interesting and maybe colors what we're about to talk about?
Brian Dammeir 3:58
Okay, yeah, wonderful. And again, thank you for having me. And yeah, let me just take a moment to talk a little bit about Plaid and then I'll talk about myself. Plaid is a technology provider that focuses on the open finance and open banking space. At its core, what we do is offer that connectivity. to the many thousands of financial institutions and data providers on one side of our network, and then many thousands of applications, enterprises, brands and companies on the other.

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