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ABA: The American Bankers Association
Press Release

ABA Payments Expert Elected to Faster Payments Council Board

FPC is a new coalition to drive faster payments innovation and adoption

WASHINGTON —

The U.S. Faster Payments Council today announced that American Bankers Association’s payments expert Steve Kenneally has been elected to join its board along with 20 other representatives from financial institutions, payment network operators, technology providers as well as consumer and business end-users.

The council launched in November 2018 and has more than 140 members including ABA. Its members are focused on private-sector approaches to solving problems and addressing issues that inhibit the adoption of faster payments.

“I am honored to be elected to the board of the Faster Payments Council and join an impressive group of fellow board members,” said Kenneally who is senior vice president of payments policy at ABA. “The FPC can play a positive role in supporting options to make faster payments – to anyone at any time – safely and easily. I am looking forward to contributing to the council’s important work.”

FPC established working groups earlier this year to focus on its priorities including safety and security, end-user transparency, and education and awareness. In addition to his role on the board, Kenneally leads the FPC’s safety and security work group.

“At ABA we are laser-focused on the future of payments and helping our members deliver the products and experiences their customers expect,” said ABA President and CEO Rob Nichols. “Steve’s extensive payments experience makes him an excellent choice to join the Faster Payments Council board, where he will add perspective from ABA members across the country.”

On Tuesday ABA will kick off its third annual Payments Forum where bankers and technology experts will gather to discuss the future of payments. Wednesday morning will feature a session with The Clearing House CEO James Aramanda and ABA CEO Rob Nichols on the latest developments in real-time payments, the changing payments industry and the effect of public policy on private sector solutions.

For more information about the ABA Payments Forum, visit aba.com/paymentsforum. For more information about the U.S. Faster Payments Council and to become a member, visit FasterPaymentsCouncil.org.

NOTE TO EDITORS: The ABA Payments Forum is open to press. To get a press pass, contact Sarah Grano at [email protected].

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $18.6 trillion banking industry, which is composed of small, regional and large banks. Together, America’s banks employ more than 2 million men and women, safeguard $14.5 trillion in deposits and extend more than $10.5 trillion in loans.

Press Contact

Sarah Grano

(202) 663-5470

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