General Session

Matt Davies

Faster Payments
Matt Davies, Dallas Federal Reserve Bank

This session explores the move toward “faster payments” in the United States, including the work of the Fed’s Faster Payments Task Force (FPTF), and other industry initiatives. The FPTF “called upon all stakeholders to…realize the vision for a payment system in the United States that is faster, ubiquitous, broadly inclusive, highly secure, and efficient, with all service providers enabling ubiquitous receipt for end–user customers by 2020.” The session reviews the work underway in support of that vision, and also highlights industry initiatives including “push payments,” The Clearing House’s (TCH) Real Time Payments (RTP) platform and the financial institution-owned Zelle network.

Takeaways:

Attendees will leave this session with a better understanding of:

  • The Faster Payments Task Force and follow-up work to drive toward its vision
  • Industry initiatives for “faster payments”

About Matt Davies

Matt Davies, CTP, AAP, CPP, is an Assistant Vice President at the Federal Reserve Bank of Dallas. He has nearly 20 years of experience in the payments industry, over 17 of those with the Federal Reserve Banks. He has also served as ACH & Wire Product Manager for a commercial bank, and as a product manager in the bankcard industry. Matt is currently the president of the Dallas Association for Financial Professionals and serves on the board of directors for Jubilee Park & Community Center in Dallas. A native of St. Louis, Missouri, Matt graduated from William Jewell College in Liberty, Missouri, with a Bachelor of Arts in Political Science and History in 1997, and from the Graduate School of Banking at the University of Wisconsin, Madison, in 2013.

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