12 Sept 2024 Sarah Hoisington from Matera on QR Codes for faster payments, fraud prevention, and the Detroit Lions

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Off the Rails from the U.S. Faster Payments Council - FPC 31 min 1 speaker 7 chapters transcribed 1 month ago
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What is the opening overview of the Faster Payments Council and today’s guest?

Sarah Hoisington 0:05
Off the rails from the US Faster Payments Council.
Reed Luhtanen 0:29
I am Reed Lutannen, Executive Director of the US Faster Payments Council, and this is Off the Rails from the US Faster Payments Council, sponsored by Open Payment Network. This time around, we're joined by Sarah Hoysington, head of strategy and marketing for Materia US. Sarah and I talk about the ways QR codes can become part of various payments flows, how she believes security concerns about QR codes can be addressed, and whether or not this is the year her Detroit Lions finally break through. But first, the headlines. The FPC member meeting is less than three weeks away. Registration remains open. You can find that in the banner on fasterpaymentscouncil dot org. And we have sponsorships still available.
Reed Luhtanen 1:08
These are great value compared to comparable events. Huge thank you to Cross River Bank for sponsoring our evening event in Denver. It's gonna be a really fun opportunity for attendees to network and get to know each other a bit better. The hotel room block at the Grand Height is sold out, but we've identified a number of nearby hotels with availability on the website. And a huge thank you to our growing list of sponsors for the event. ACI Worldwide, Aloya Corporate Federal Credit Union, BNY Mellon, Endava, Euronet, FinSley, Form Three, MasterCard, MyTech Systems, Nasdaq, Verafin, Nietzsche, North American Banking Company, Shazam, the Clearinghouse, and Trustly, and of course, as I mentioned a moment ago, thank you again to Crossriver for sponsoring that evening event.
Reed Luhtanen 1:47
Truly, the FPC would not be able to put on the high quality and fun events we put on as a member benefit without any attendance fee for our members without the amazing support of these sponsors. Also, please head to fasterpaymentscouncil.org and the banner at the top you can find the Faster Payments Barometer survey. Please, please, please take some time, complete that survey. We need your feedback. It helps us set the direction of what we want to work on at the FPC.

Which upcoming Faster Payments Council events and sponsorships are announced?

Reed Luhtanen 2:11
It helps us inform the industry about what's going on in this space. And it just helps everybody understand where we are in terms of faster payments adoption and usage and outlook. So please, please, please take a look. Fasterpaymentscouncil.org, fill out the survey, share it with your friends and colleagues. Um really appreciate it. Uh, how about webinars? We hope you'll join us for an upcoming FPC webinar sponsored by FinSley on Wednesday, September 18th from noon to one o'clock Eastern time. Is your financial institution fully harnessing the potential of RTP and FedNow to drive growth? While receive only instant payments is a significant step forward the true transformative power buys and actively sending payments.
Reed Luhtanen 2:49
In a recent joint survey from FPC and FinSlay, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high. However, a significant challenge persists. Over sixty percent of financial institutions face readiness gaps with sending instant payments. It's time to lead the charge. And we also have an upcoming NACA FPC webinar on Tuesday, october eighth, from noon to one o'clock central time. From one o'clock to two o'clock Eastern time. NATCHA and the US Faster Payments Council have worked together to introduce the accredited Faster Payments Professional Program. The AFPP, the first exam will be held in February of twenty twenty five. In this webinar, members of the AFPP Oversight panel will provide insight into specific topics addressed in the exam and how you can begin to prepare now.
Reed Luhtanen 3:39
Attendees will come away with an understanding of the benefits of becoming an AFPP, continuing education requirements, and where to acquire training and education for the exam. But let's talk about work groups. We have their Education Awareness Workgroup, sponsored by the Clearinghouse. The group's FAQ subgroup has received final approval from the FPC board for the content of the Faster Payments FAQ's repository. The group is now focused on designing the web pages for this new interactive feature within the Faster Payments Knowledge Center with plans to launch the repository by Q4.

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