28 May 2026 Scott Anchin of ICBA on Check Fraud, Stablecoins, AI, and watches

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Off the Rails from the U.S. Faster Payments Council - FPC 36 min 2 speakers 4 chapters transcribed 1 month ago
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What is the main topic discussed in this episode?

Scott Anchin 0:08
Off the rails from the U.S. Faster Payments Council.
Reed Luhtanen 0:23
I am 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 joined by Scott Anchin, SVP at Independent Community Bankers Association. Scott and I talk about the founding of the FPC, the ongoing issues with check fraud, and how community banks are approaching emerging payments technologies. But first, the headlines. The call for session proposals for the FPC fall member meeting is open. That event will be in Kansas City, November 4th through the 6th. And bonus opportunity, we'll also be accepting session proposals for the spring member meeting, which will be in March in San Antonio, Texas. Find all that at fasterpaymentscouncil.org, of course.
Reed Luhtanen 1:06
And as always, a huge thank you to our fall member meeting sponsors. First, our platinum sponsors, ACI Worldwide, North American Banking Company, and Visa Direct. And our gold sponsors, Alloya, BNY, Brightwell, DeNovo Treasury, ePay Resources, Federal Reserve Financial Services, Finsley, MasterCard, Form 3, Plaid, Shazam, The Clearinghouse, PTAP Advisory, Trustly, Validify, Westpay, and Wyzea. Thank you all. New resource alert. I'm thrilled to share that Instant Payments Fraud Dispute Resolution, Guiding Principles for the US, is now available at fasterpaymentscouncil.org. Under the Education tab, click on Publications and Deliverables. Developed by the FPC Fraud and Scam Mitigation for Faster Payments Workgroup, this report provides industry guidance for designing dispute resolution frameworks related to fraud and scams involving instant payments.
Reed Luhtanen 2:01
and instant account-to-account payments continue to grow in the United States, the report addresses the unique challenges associated with fraud dispute resolution in irrevocable payment environments. The principles outlined in the report are intended to help strengthen consumer and business confidence while supporting the continued adoption of instant payments. FPC's Board of Directors elections are wrapping up, and we will soon be seeking nominations for our Board Advisory Group. We encourage all FPC members who are interested in helping to shape the future of the FPC and the work we will be doing to submit your nominations. The Board Advisory Group will be meeting with the Board of Directors in person at the FPC Fall Member Meeting in Kansas City and at the 2027 Spring Member Meeting in San Antonio.
Reed Luhtanen 2:44
And that will do it for the headlines. Let's get to that discussion with Scott Anchin from ICBA.
Reed Luhtanen 3:06
We're joined by Scott Anchin from ICBA. Scott, thanks for joining.
Scott Anchin 3:11
Great to be here. Thank you so much for inviting me. I've been waiting for your call, Reid.
Reed Luhtanen 3:15
Well, I've been looking forward to this for a while, actually, and it's funny how it somehow never has worked out until now, but I'm glad we got you on. How about we start with you? Just give us, you know, what's your background? Where are you coming from? What's your role now? You know, why am I talking to you?
Scott Anchin 3:32
Yeah, that's a great question. So right now I'm with the Independent Community Bankers of America. And as you and listeners probably know, we're the only national trade group that's exclusively focused on community banks. And community banks obviously are a significant contributor to the economies of main streets around the country. There's a significant number of counties in the United States that only have community banks as the physical bank presence. Community banks write a significant number of small business loans, the vast majority of agricultural loans, and employ large numbers of folks around the country.

What are the FPC headlines and resources listeners should know about?

Scott Anchin 4:09
So really a significant contributor to economies. I spend most of my time at the intersection of payments and policy. So I work on instant payments, fraud, scams, and related regulatory questions that come with both. I have a long payments history prior to ICBA. I worked with the Federal Reserve at the board, at the Chicago Fed, at the Cleveland Fed. on a number of different payments initiatives.

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