The Contributors

To ensure comprehensive perspectives and stakeholder views were represented in the initiative the Federal Reserve engaged a diverse set of participants.

Task force participants represent eight stakeholder segments (referred to as “segments”) as shown in the figure below.

Task force participants represent eight stakeholder segments

 

Each of these eight segments elected representatives to serve on the Faster Payments Steering Committee, an advisory body that coordinated with broader segment membership to establish segment-specific positions and provide guidance on key decisions.  The task force also established smaller work groups to address specific issues emerging over the course of their work. In addition, the task force worked closely with the Secure Payments Task Force on establishing criteria to measure the security of faster payments solutions.

Task Force Participants

  • Steering Committee:

    A committee comprised of task force members that advised the chair on task force meeting agendas and assisted in prioritizing the various work efforts. The committee also assisted in determining the scope of task force work groups, representing individual segments and synthesizing segment perspectives and determining items in need of full task force deliberation.

    • Gary Beets – Fiscal Service, Department of the Treasury
    • Rick Burke – TD Bank, N.A.
    • Roy DeCicco – Accredited Standards Committee (ASC) X9, Inc.
    • John Drechny – Wal-Mart Stores, Inc.
    • Jan Estep – NACHA – The Electronic Payments Association
    • Kathy Hanna – The Kroger Company
    • Mark Keeling – The Bankers Bank
    • Jordan Lampe – Dwolla, Inc.
    • Steve Ledford – The Clearing House (TCH)
    • Tom Rea – U.S. Bank
    • Jim Reuter – FirstBank Colorado
    • Bob Steen – Bridge Community Bank
    • Gary Stein – Consumer Financial Protection Bureau (CFPB)
    • Christina Tetreault – Consumers Union
    • Marceline White – Maryland Consumer Rights Coalition
    • Bradley Wilkes – WingCash LLC
    • Ryan Zagone – Ripple
  • Sub-work Group Leads:

    Task force leads who were responsible for directing their respective work groups in conducting deep dives on assigned challenges and opportunities. This work informed the part of the Final Report that addresses the four primary cross-solution foundational issues.

    • Steve Bohn – QRUZ
    • Kevin Christensen – SHAZAM Network
    • Erin Fonte – Dykema Cox Smith
    • Ali Raza – CCG Catalyst Consulting Group
    • Rodman Reef – Reef Karson Consulting, LLC
    • Ian Schweid – Mercantil Bank
  • Editorial Board:

    Made up of the sub-work group leads and subsets of the Faster and Secure Payments Steering Committees, the board provided directional input regarding segment/topic perspectives and advice on initial reviews and interim drafts.

    • Steve Bohn – QRUZ
    • Rick Burke – TD Bank, N.A.
    • Kevin Christensen – SHAZAM Network
    • Roy DeCicco – Accredited Standards Comimitte (ASC) X9, Inc.
    • John Drechny – WalMart Stores, Inc.
    • Jan Estep – NACHA – The Electronic Payments Association
    • Erin Fonte – Dykema Cox Smith
    • Chris Gilbert – Bankers’ Bank of Kansas (Secure Payments Task Force Representative)
    • Steve Ledford – The Clearing House (TCH)
    • Steve Mott – BetterBuyDesign
    • Ali Raza – CCG Catalyst Consulting Group
    • Tom Rea – U.S. Bank
    • Rodman Reef – Reef Karson Consulting, LLC
    • Jim Reuter – FirstBank Colorado
    • Ian Schweid – Mercantil Bank
    • Gary Stein – Consumer Financial Protection Bureau (CFPB)
    • Christina Tetreault – Consumers Union
    • Bradley Wilkes – WingCash LLC
    • Ryan Zagone – Ripple
  • Advisory Group:

    A group comprised of a subset of Faster and Secure Steering Committee members to provide oversight and counsel to the Qualified Independent Assessment Team on behalf of the Faster Payments Task Force. This group promoted a fair and independent proposal assessment process.

    • John Drechny – Wal-Mart Stores, Inc.
    • Dave Faoro – Verifone, Inc. (Secure Payments Task Force Representative)
    • Mark Keeling – The Bankers Bank
    • Steve Mott – BetterBuyDesign
    • Tom Rea – U.S. Bank
    • Jim Reuter – FirstBank Colorado
    • Gary Stein – Consumer Financial Protection Bureau (CFPB)
    • Christina Tetreault – Consumers Union
  • Solution Proposers:

    Sixteen task force participant organizations or groups of organizations, that submitted faster payments solutions to address the need for fast, safe, ubiquitous payments as set forth in the Effectiveness Criteria.

Complete Task Force Roster

First NameLast NameOrganizationRole
PaulLaskaA.N. Deringer, Inc.Participant
CristineColeAccenture Federal Services LLCParticipant
RoyDeCiccoAccredited Standards Committee (ASC) X9, Inc.Steering Committee, Editorial Board
DavidGrindalACI WorldwideParticipant
YervantManavianADP, LLCParticipant
WillMontisAgriBank, FCBParticipant
GeorgeRudolphAlliant Credit UnionParticipant
MichelleMcDowellAlloya Corporate Federal Credit UnionParticipant
MichaelBakerAlpine BankParticipant
StephenKenneallyAmerican Bankers AssociationParticipant
KarenCzackAmerican ExpressParticipant
RoyOlsenAmerican National Bank & TrustParticipant
RandallGutierrezAnzaParticipant
EricDotsonAptys SolutionsParticipant
SandraBeekerArmy GFEBS (General Fund Enterprise Business System)Participant
DanCaputoAscendantFX Capital Inc.Participant
MagnusCarlssonAssociation for Financial Professionals (AFP)Participant
CarlWeirATEN Group LTDParticipant
DavidTenteATM Industry Association (ATMIA)Participant
SamanthaPelosiBAFT (Bankers Association for Finance and Trade)Participant
JamesGradyBank Administration Institute (BAI)Participant
KellyBurdetteBank IndependentParticipant
AdamAndersonBank of CommerceParticipant
BarbaraGrossBankers' BankParticipant
CandiceJacksonBankers' Bank of KansasParticipant
DebbieWendtBankers' Bank of the WestParticipant
ShuyingFengBarclaysParticipant
MattRibbensBB&TParticipant
BobHaysBBVA CompassParticipant
PollyThorsnessBell BankParticipant
LeeWeissBerns Weiss LLPParticipant
StephenMottBetterBuyDesignParticipant
BreffniMcGuireBMCG ConsultingParticipant
KateChoiBMO Harris Bank, N.A.Participant
ChristopherMagerBNY MellonParticipant
KenMyhraBoeing Employees Credit Union (BECU)Participant
JessicaCheneyBottomline Technologies, Inc.Participant
BobSteenBridge Community BankSteering Committee
RandiPotterBusey BankParticipant
JimFancherC2C Consulting, LLCParticipant
KarlDickerCapital One, N.A.Participant
TamaraVande VeldeCapitol Federal Savings BankParticipant
ThomasDavisCard Services for Credit Unions (CSCU), Inc.Participant
BradGaneyCatalyst Corporate Federal Credit UnionParticipant
SuchitraPadmanabhanCB Bancshares Corp. (WEIR)Participant
AliRazaCCG Catalyst Consulting GroupSub-Work Group Lead, Editorial Board
AndrewSchmidtCEB Global, now GartnerParticipant
EricPurdumCeleritiFinTechParticipant
RebeccaBorneCenter for Responsible Lending (CRL)Participant
BrookeTowardCGI Group Inc.Participant
JohnBecciaCircle Internet Financial, Inc.Participant
BehramPanthakiCitiParticipant
StephenDevineCitizens Financial Group, Inc. Participant
ElenaWhislerClear2PayParticipant
ChristienneGenaroCM Genaro LLCParticipant
MarkFrankColorado Business (CoBiz) BankParticipant
SusanDoyleCommerce BankParticipant
BarbaraClarkCommercial Law InstituteParticipant
MarcArmstrongCommonomics USAParticipant
GregAumannComputer Services, Inc.Participant
GrayTaylorConexxus & NACSParticipant
SteveForstonCONIX Systems, Inc.Participant
DongHongConsumer Bankers Association (CBA)Participant
GarySteinConsumer Financial Protection BureauSteering Committee, Editorial Board, Advisory Group
ChristinaTetreaultConsumers UnionSteering Committee, Editorial Board, Advisory Group
JimHanischCO-OP Financial ServicesParticipant
CharlesHarknessCorporate One Federal Credit UnionParticipant
RueJenkinsCostco Wholesale CorporationParticipant
LukeMartoneCredit Union National Association (CUNA)Participant
GeneNeyerD+HParticipant
PaulTomasofskyDebit Network Alliance (DNA) LLCParticipant
AngelaAngelovska-WilsonDigital Asset Holdings, LLCParticipant
SarahMartinDigital Currency CouncilParticipant
MiguelMartinezDirigendo LTDParticipant
JudithMcGuireDiscover Financial ServicesParticipant
JohnMacAllisterDorado Industries, Inc.Participant
NamrathaMonteiroDovetailParticipant
JordanLampeDwolla, Inc.Steering Committee
ErinFonteDykema Cox SmithSub-Work Group Lead, Editorial Board
LauraWeinflashEarly WarningParticipant
BarbaraHeinemannEastern BankParticipant
JavierGuerreroEdgar, Dunn & CompanyParticipant
DavidWalkerElectronic Check Clearing House Organization (ECCHO)Participant
KurtHelwigElectronic Funds Transfer Association (EFTA)Participant
Ann-MarieBartelsElectronic Payments Core of Knowledge (EPCOR)Participant
ScottTalbottElectronic Transactions Association (ETA)Participant
KellyNelsonEmerald World ET, Inc.Participant
MarilynnDavisEnt Credit UnionParticipant
TimQuisenberryePayResourcesParticipant
JoanKrempaESL Federal Credit UnionParticipant
MistiMostillerExtraco Banks, N.A.Participant
RobbieJonesF&M BankParticipant
RonaldCekovichF&M TrustParticipant
DeborahShawFederal Deposit Insurance Corporation (FDIC)Participant
TheresaMahoneyFederal Home Loan Bank of BostonParticipant
RobertWoodburyFidelity National Information Services (FIS) Inc.Participant
JeffSiekmanFifth Third BankParticipant
BrianPetersFinancial Innovation NowParticipant
JasonKratovilFinancial Services RoundtableParticipant
BillWallerFirst Bank & TrustParticipant
StephanieParksFirst Data CorporationParticipant
ThomasGrahamFirst Fidelity Bank, N.A.Participant
TammyPlummerFirst National BankParticipant
BrandyWheelerFirst National Bankers BankParticipant
JimReuterFirstBank ColoradoSteering Committee, Editorial Board, Advisory Group
GaryBeetsFiscal Service, Department of the TreasurySteering Committee
TimRuheFiserv, Inc.Participant
JamesValdezFrost BankParticipant
CaroleReynoldsFTC Bureau of Consumer ProtectionParticipant
JamesAngelGeorgetown UniversityParticipant
JamesOConnorGreenBackParticipant
LeroyGreene IIGreenlads Payment Services LLCParticipant
LannyByersGuerdon Solutions LLCParticipant
GeorgeWarfelHaddon Hill Group Inc.Participant
KevinKernHarland ClarkeParticipant
MichaelColtharpHome Loan State BankParticipant
Sidney "Chip"""idney"CorbettHoyne Savings BankParticipant
JamesSantangeloHSBC Bank USA, N.A.Participant
StanStalnakerHub Culture Services Ltd.Participant
AlokMathurHughes Network Systems, LLCParticipant
BarryTookerIBMParticipant
TinaGiorgioICBA Bancard & TCM BankParticipant
TomHaysIcon Solutions LTDParticipant
KarthikSivaprakasamI-Exceed Technology Solutions Private LimitedParticipant
TomGihlIllinois National BankParticipant
CaryWhaleyIndependent Community Bankers America (ICBA)Participant
Sarah JaneHughesIndiana UniversityParticipant
MichaelBarrIndividual ParticipantParticipant
YobieBenjaminIndividual ParticipantParticipant
GregoryBoudreauxIndividual ParticipantParticipant
JimChangIndividual ParticipantParticipant
DarrenElcockIndividual ParticipantParticipant
DonnaEmbryIndividual ParticipantParticipant
FrazierEvansIndividual ParticipantParticipant
ScottForstonIndividual ParticipantParticipant
FredaHadnotIndividual ParticipantParticipant
MichaelHerbertIndividual ParticipantParticipant
JacintoMendezIndividual ParticipantParticipant
AnitaPattersonIndividual ParticipantParticipant
IanRubinIndividual ParticipantParticipant
EileenSchwedIndividual ParticipantParticipant
OliverManahanInfineon TechnologiesParticipant
VijayAnandInfosys LimitedParticipant
DicksonChuIngo Money, Inc.Participant
RyanSchneiderIntegrity Payment SystemsParticipant
ScottVolmarInterComputer CorporationParticipant
EvaWilliamsInternal Revenue ServiceParticipant
AlDeBonnettInternational CyberBanque, Ltd.Participant
MichaelDeBroeckINTRUST Bank, N.A.Participant
KirstenTruskoIRC AdvisoryParticipant
DeborahPhillipsJack Henry & AssociatesParticipant
RichardLeirerJaguar SoftwareParticipant
TomBiancoJPMorgan Chase & Co.Participant
AlunThomasKalypton Group LimitedParticipant
BrianGuessKeyBankParticipant
EricNelsonKeyPoint Credit UnionParticipant
RichStuppyKount Inc.Participant
ChrisHadornKPMG LLPParticipant
CherylYavornitzkiLendingTools.com, Inc.Participant
BeatrizSaldivarLet's Talk TreasuryParticipant
GregLloydLevvel, LLCParticipant
LeoLipisLipis AdvisorsParticipant
JosephMasonLouisiana State University and the Wharton SchoolParticipant
RachelWaskoLYFT, Inc.Participant
JeanineAndol-MoellerM&T BankParticipant
JamesNeillMacon-Atlanta State BankParticipant
BrianStoutMacy'sParticipant
RogerApplewhiteMagensa LLCParticipant
KristiCarlowMaine State Treasurer's OfficeParticipant
MarkEricksenMantrana PartnersParticipant
DavidJacksonMarketcyParticipant
MarcelineWhiteMaryland Consumer Rights CoalitionSteering Committee
PeterGordonMasterCardParticipant
RandolphKantorowiczm-bancoParticipant
PatriciaHuiMentor Graphics CorporationParticipant
IanSchweidMercantil Bank, N.A.Sub-Work Group Lead, Editorial Board
MarkHorwedelMerchant Advisory Group (MAG)Participant
NicoleDiltsMichigan State University Federal Credit UnionParticipant
RobertDaelMid-Atlantic Clearing House Association (MACHA)Participant
SheilaNollMidwest Independent BankParticipant
EdwardWoodsMindful Insights, LLCParticipant
SamDzirasaMirac Systems, Inc.Participant
ChristopherNehrbauerMLK Technology Consulting, LLCParticipant
DanielCsokaMobile Money MattersParticipant
JamesJeffersonMontecito Bank & TrustParticipant
OlgaZeltserMorgan StanleyParticipant
Livia JudithSzabo KlimovitskyMoshulu Group Inc.Participant
JadChahineMoulah, Inc.Participant
GaneshGuruvayerMphasis CorporationParticipant
HughEnobakhareMroute Corp.Participant
ScottMoellerMShift, Inc.Participant
RussellEllsworthMUFG Union Bank, N.A.Participant
EdwardStarrsMyECheck Inc.Participant
MarcusAndradeNAC Foundation, LLCParticipant
JanEstepNACHA - The Electronic Payments AssociationSteering Committee, Editorial Board
LaurenceCookenanopay CorporationParticipant
PamelaKroegerNASA - National Aeronautics Space AdministrationParticipant
CarrieHuntNational Association of Federally-Insured Credit Unions (NAFCU)Participant
LaurenSaundersNational Consumer Law CenterParticipant
TimothyDwyerNationwide InsuranceParticipant
TynikaWilsonNavy Federal Credit UnionParticipant
SteveNogaloNCR CorporationParticipant
JoshKarolyNetflixParticipant
JosephCasaliNew England Automated Clearing House Association (NEACH)Participant
AlainEspinozaNielsenParticipant
MichaelBilskiNorth American Banking CompanyParticipant
ManfredNeustifterNowKash Inc.Participant
GailSimpsonOffice of the Comptroller of the CurrencyParticipant
GrantColhounOkanii Inc.Participant
JohnKaminOld National BankParticipant
TonyHayesOliver WymanParticipant
AllenSztukowskiPacific Coast Bankers' BankParticipant
PaulProctorParityPay, Inc.Participant
Mary AnnCallahanPaxos Trust Company, LLCParticipant
RebeccaWagnerPaychex, Inc.Participant
RajKanapurPayCommerce Inc.Participant
Gary LewisEvansPaymency Inc.Participant
RichardO'BrienPayment Pathways, Inc.Participant
BradleyPragnellPayments CanadaParticipant
DeborahBaxleyPayments Transformation & Innovation ConsultingParticipant
PeggyGachesaPaymentsFirstParticipant
PaulTrozzoPNC BankParticipant
KennethOrosPositive ResourcesParticipant
RandyTempletonPreCash Inc.Participant
TimO'DonnellPricewaterhouseCoopers (PWC) LLPParticipant
EdCherneskyPrudential FinancialParticipant
ArtHarperPSCU Financial ServicesParticipant
TravisDulaneyPush PaymentsParticipant
LarryCohenQ R Special Payments Inc.Participant
DebbieSmartQ2ebankingParticipant
ShoaibShafquatQCheque LLCParticipant
SteveBohnQRUZSub-Work Group Lead, Editorial Board
EricDunnQuicken, Inc.Participant
Mary EllenBrownRBC Royal BankParticipant
RodmanReefReef Karson Consulting, LLCSub-Work Group Lead, Editorial Board
KevinLeittenRegions BankParticipant
AdamRustReinvestment PartnersParticipant
DaleEasterRetail Payment ASParticipant
RyanZagoneRippleSteering Committee, Editorial Board
JoseCortedanoRosetta TechnologiesParticipant
VukBulajicSafe CashParticipant
StevenPageSafeAmerica Credit UnionParticipant
SabehSamahaSamaha & Associates, Inc.Participant
JulietaAbadSan Mateo Credit UnionParticipant
CherylCollierSEFCUParticipant
KevinChristensenSHAZAM NetworkSub-Work Group Lead, Editorial Board
Geng (Eric)ZhouShoptakiParticipant
StephenTrusheimSignalFireParticipant
KathiMooreSocial Security AdministrationParticipant
DonaldJacksonSouthern Financial Exchange (SFE)Participant
CharlesWallenSpectrumParticipant
KalyaniIyerSquare Inc.Participant
AndrewDurketSt. Louis County GovernmentParticipant
RanayAllredStar One Credit UnionParticipant
TanyaStrawnStarbucksParticipant
AlisaRosenbergStarwood Hotels & ResortsParticipant
MarkHargraveStinson Leonard Street LLPParticipant
CarlaCaninoSunlight Commerce ConsultingParticipant
JenniferLucasSunTrust BankParticipant
BooshanRengachariSwapsTech Inc.Participant
IgnacioBlancoSWIFT Pan-Americas, Inc.Participant
SankaetPathakSynapse Payments LLCParticipant
WadeMurraySynechronParticipant
JeffVanMeterTarget CorporationParticipant
BrendaSorensonTASCET Inc.Participant
ReginaWilliams HendrickTata Consultancy ServicesParticipant
RickBurkeTD Bank, N.A.Steering Committee, Editorial Board
BarbaraHvastaTelogis, Inc.Participant
RandallChapomanTexas Legal Services CenterParticipant
DavidCraneTG and C Group Consulting, LLCParticipant
AndrewKingThe Bancorp, Inc.Participant
MarkKeelingThe Bankers BankSteering Committee, Advisory Group
SteveLedfordThe Clearing House (TCH)Steering Committee, Editorial Board
DanFisherThe Copper River Group, Inc.Participant
MichaelSklowThe Goldman Sachs Group, Inc.Participant
KathyHannaThe Kroger CompanySteering Committee
SelinaHortonThe Northern Trust CompanyParticipant
RachelSiegelThe Pew Charitable TrustsParticipant
JeanRoeschThe PrivateBank and Trust CompanyParticipant
LawrenceTemlockThe Sun ExchangeParticipant
EdwardOppenheimerThought Matrix Consulting, LLCParticipant
AndreasBaumhofThreatMetrix, IncParticipant
LyleWaldenTIB The Independent Bankers Bank, N.A.Participant
JonSarvisTMG Financial ServicesParticipant
MartenNelsonTokenParticipant
LakshanFernadoToyota Motor Credit CorporationParticipant
LisaGawlakTransactis, Inc.Participant
DaveRobertsonTreasury Strategies, Inc.Participant
SarahHartmanTSYSParticipant
TomReaU.S. BankSteering Committee, Editorial Board, Advisory Group
TristanThompsonUMB Bank, N.A.Participant
BillThomasUnited Nations Federal Credit UnionParticipant
StephenRanziniUniversity BankParticipant
CatherineWilsonUniversity of Nebraska-LincolnParticipant
FredLaingUpper Midwest Automated Clearing House Association (UMACHA)Participant
GlenFossellaUrban FT, Inc.Participant
LeilaniDoyleUS Dataworks Inc.Participant
JonGenoveseVantiv, Inc.Participant
DavidEzellVeriFone Holdings, Inc.Participant
CharlesEllertVerizon WirelessParticipant
DeborahWredenVirginia Credit UnionParticipant
FrankVisintinVirtual Process Design LLCParticipant
MattFriendVisa Inc.Participant
JimMortimerVocaLinkParticipant
DouglasGreenVolante Technologies, Inc.Participant
CharlieBrinzaVSoft CorporationParticipant
JohnDrechnyWal-Mart Stores, Inc. Steering Committee, Editorial Board, Advisory Group
LarryBuettnerWausau Financial Systems, Inc.Participant
DouglasBergWells Fargo & CompanyParticipant
WilliamSchochWesPayParticipant
JohnConnellyWhitney BankParticipant
BradleyWilkesWingCash, LLCSteering Committee, Editorial Board
Mary AnnFrancisWipro Ltd.Participant
MaryGilmeisterWisconsin Automated Clearing House Association (WACHA)Participant
AndrewPaurWoodforest National BankParticipant
TheodoraRandWoodstock InstituteParticipant
MichaelRuccoloWorld Currency USAParticipant
MichaelWardWorld FirstParticipant
DarrickWeeksWright-Patt Credit UnionParticipant
JosephPotvinXalgorithms FoundationParticipant
DonaldBarryZions BancorporationParticipant

As of July 7, 2017

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