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From the CEO
February 4, 2019

Dear members:

Last November, I shared the news that Corporate One had become a founding sponsor of the U.S. Faster Payments Council (FPC). I am now pleased to announce that our Senior Vice President, Strategic Operations Officer Charles Harkness has been named Interim Board Member and Operations Lead of the FPC. This is a pivotal time in the nation’s payment evolution, and Charles’ participation on the FPC represents a unique opportunity for credit unions to help lead the way as we navigate toward a shared vision of faster payments ubiquity.

Charles was among the 27 payments industry leaders who comprised the Governance Framework Formation Team (GFFT), which developed and established the FPC at the direction of the former Faster Payments Task Force. As you may recall, over the past year-and-a-half, Charles has been actively involved in the establishment of the FPC as the GFFT’s sole credit union representative. His current leadership on the FPC will help ensure we’re well-positioned for success as we address the obstacles that have inhibited the ubiquitous adoption of faster payments in the U.S.

Now more than 144 members strong, the FPC is in the process of beginning a series of work groups to address the issues that are standing in the way of broad faster-payments adoption in the U.S. The first three of these groups are focused on safety and security, end-user transparency, and education and awareness. Additional work groups are planned for later in the year in the areas of fraud information sharing, directory models, and regulations and regulatory guidance. More detailed information about the FPC, including how to enroll, can be found at www.FasterPaymentsCouncil.org.

As the first new payments rail in 40 years comes to fruition, and the global demand for faster payments continues, it’s important for credit unions to stay educated on current trends and industry developments by attending conferences and workshops and engaging with your corporate credit union partner. Corporate One has been in the payments business for more than 50 years, and it has long been part of our mission to help credit unions serve their members with first-class payments solutions.

As we conclude the first quarter of 2019 and continue to prioritize our faster payments initiatives, we keep our members’ needs at the forefront of our plans, and we are committed to providing education, training, and product solutions that will help you succeed and ensure you are ready for the industry’s shift to faster payments. Stay tuned for upcoming educational opportunities that we’ll be providing this spring and summer. And please don’t hesitate to contact me directly at mashley@corporateone.coop if you have any questions.


Best,
Melissa Ashley
President/CEO