27 March 2025 Peter Tapling on Payments Headlines, Pay by Bank, and March Madness
episode
Off the Rails from the U.S. Faster Payments Council - FPC
33 min
2 speakers
4 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What headlines and events does the Faster Payments Council announce at the start of the episode?
Off the rails from the U.S. Faster Payments Council.
I'm Reed Lutanen, Executive Director of the U.S. Faster Payments Council, and this is Off the Rails from the U.S. Faster Payments Council. We have friend of the show, Peter Tapling, Managing Director at PTAP Advisory, joining me today. We'll be looking at a number of different headlines and payments, prognosticating on adoption of instant payments, and questioning the dominance of the SEC in college basketball. But first, the headlines. Registration is open for the FPC Spring Member Meeting April 23rd and 24th at the beautiful Westin Bayview in San Diego. This event is such a great opportunity to hear from experts who make things happen, talk about the issues that matter for advancing faster payments, and have some fun with friends.
Huge thank you to all of our event sponsors, ACI Worldwide, Alloya Corporate Federal Credit Union, BNY, Endava, ePay Resources, Finsley, Form 3, Shazam, MasterCard, SRM, North American Banking Company, Trustly, and The Clearinghouse. And if you're interested in sponsoring, please reach out to us at info at fasterpaymentscouncil.org. The FPC's QR code workgroup recently released a new resource called Instant Payment QR Code Impediments to Adoption Usability Report examines key challenges in implementing QR code-based instant payments at the point of sale and offers insights into addressing those barriers. The report highlights critical usability factors affecting adoption, including legacy POS system limitations,
Who is Peter Tapling and why is he invited to discuss payments headlines?
integration complexities, scanning device compatibility, and network dependency. It also explores how emerging technologies such as soft POS can help mitigate these obstacles, enabling broader acceptance of QR code-based faster payments across industries. I had a great time speaking on a couple sessions and spending time talking with financial institution representatives at ePay Connect earlier this month in Orlando. We'll continue the roadshow at Southern Financial Exchange in April before our big event later that month. I hope to talk to many of you there. And I think that's good for the headlines. Let's get into that conversation with Peter Chaplin.
All right. We're joined by Peter Tapling, Managing Director at PTAP Advisory. Peter, thanks for joining us.
Hello, Reid. Thanks for having me.
All right. You're kind of becoming known among many, many other things, of course, as the guy who does the ripped from the headlines sessions at all the different industry events. I thought it'd be fun to kind of structure our discussion a little bit like that and go through some headlines that we're seeing in the payments industry and kind of hear your thoughts on what's going on.
Great idea. Great idea. We created that session because people would ask us in the hallways what we thought about recent headlines. So I'm like, rather than asking us in the hallways, let's just make a session out of it.
Come into my session. Let me get credit on the scoreboard. One big headline these days is the continued growth of pay by bank. We just the other day saw an announcement that Trustly, of course, an FPC member, inked a major deal with Hard Rock Digital to support them from a pay-by-paying perspective. Listeners to this show know that we've had a lot of guests on over the last year, including, of course, Alex Gontier, founder and CEO of Trustly. And I'm estimating personally that the total market for pay-by-bank last year was well over $200 billion in the United States. So I guess from your perspective, what's the deal here? Is this a good thing for financial institutions? Is it going to drive usage and adoption of instant payments?
What should we be thinking about that?
I do think it's a good thing. We have an ever-growing plethora of payments capabilities here in the United States. Reality is, We've been doing pay by bank for decades. If you've ever done bill or direct pay my cable bill using my bank account, some would tell you that's a form of pay by bank. More frequently, recently, we've had this concept of pay by bank being something I can do at a point of sale, that I'm engaged, I'm on a website, I'm doing some e-commerce, I'm gambling, whatever, and I want to use some direct from my bank account payment mechanism.
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Chapters
4 chapters
1
What headlines and events does the Faster Payments Council announce at the start of the episode?
0:05–1:54
2
Who is Peter Tapling and why is he invited to discuss payments headlines?
1:54–17:59
3
Why is pay-by-bank gaining momentum and how might it affect instant payments adoption?
17:59–31:24
4
How are social media and scams shaping fraud patterns for financial institutions?
31:24–33:06
Speakers
2 identifiedMore from Off the Rails from the U.S. Faster Payments Council - FPC
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16 July 2026 Callum Godwin of CMSPI on faster payments for merchants