SHAZAM executive named to U.S. Faster Payments Council leadership
posted on Friday, January 18, 2019 in Company News
Kevin Christensen, SVP of market intelligence and data analytics for SHAZAM Network, has been named acting executive director and interim board chair for the U.S. Faster Payments Council.
Christensen has been involved in this industry-led effort since 2015. As a member of the Faster Payments Task Force, he led the interoperability work group and was a member of the editorial board. Following the work of the task force, Christensen was elected to the Governance Framework Formation Team. The work group is responsible for developing the operating vision for the U.S. Faster Payments Council, of which Christensen now leads and SHAZAM is a founding sponsor.
“I’m thrilled to be leading this organization during its early formation and ensuring the FPC is well-positioned for success in the months ahead,” Christensen said. “With more than 70 member applicants and counting, we’re already seeing a great response from the industry and validation of our mission to ensure all Americans have access to safe, efficient and ubiquitous faster payments.”
“Our goal is to ensure that any U.S. payment system that evolves — card, ACH, wire, faster payments or future systems — has a methodology in which all financial institutions and their customers can be assured to having open, nondiscriminatory access,” he said.
He noted that three work groups are being established to focus on the following areas: safety and security, end-user transparency, and education and awareness. In addition, work groups for fraud information sharing, directory models, and regulations and regulatory guidance will also be formed.
Information about the FPC and membership options can be found on its website at FasterPaymentsCouncil.org.
- faster payments
- federal reserve
- industry trends
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