Webinar Playback: A Look Ahead: Faster Payments in 2021
The world of digital payments rapidly evolved in 2020. The pandemic accelerated the need for faster payments, increasing both consumer demand for alternative payment options and the need for adoption by financial institutions. To illustrate, The Clearing House saw their RTP® network reach grow to over 57% of U.S. DDA account balances in December. The U.S. Faster Payments Council took large steps in addressing the problem of interoperability, which is a huge challenge for real-time payments in the U.S. to reach ubiquity.
In this educational webinar presented by Alacriti on February 25, at 2:00 p.m. ET, Keith Gray, Vice President of Strategic Partnerships for The Clearing House, Reed Luhtanen, Executive Director for U.S. Faster Payments Council, and Mark Ranta, CTP Payments Practice Lead for Alacriti will discuss:
Trends that will define payments in 2021
Why your institution should offer real-time payments and the top use cases consumer and business clients expect
Common misconceptions about faster payments and real-time payments
Where to start and next steps for your real-time payments strategy
Answers to commonly asked questions about the safety of faster payments
What to do if your existing system does not support faster payments and how to modernize quickly and cost-effectively
How to reduce payments friction
Vice President, Strategic Partnerships, The Clearing House
Keith Gray is a Vice President of The Clearing House with responsibility for RTP® Network Strategic Partnerships. Mr. Gray works with these partners to facilitate launching and supporting their RTP initiatives. During his 20–year career, Mr. 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. He worked with multiple early stage organizations bringing new products to market.
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.
Mark Ranta, CTP
Payments Practice Lead, Alacriti
Mark is responsible for working with Alacriti's market partners and financial institution customers discussing, exploring, and examining market trends and key drivers in the evolving digital payment space. Prior to joining Alacriti, Mark's nearly 15-year career has been focused entirely on the banking and payments space, working for solution providers and research firms supporting both the corporate and consumer banking markets. Mark is a Certified Treasury Professional and holds a Bachelor of Arts from Lafayette College.
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