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Location
Bentonville
Member since
2020
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Reed's blog archive

2020 (4)
Reed Luhtanen

Reed Luhtanen

Executive Director at U.S. Faster Payments Council
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Bio Reed Luhtanen is Executive Director of the U.S. Faster Payments Council. The FPC is an industry-led membership organization whose mission is to facilitate a world-class payment system where Americans can safely and securely pay anyone, anywhere, at any time with nearly immediate funds availability. Reed is responsible for managing the daily operations of the organization and working with the FPC board and membership to execute on the FPC's strategic plan while ensuring inclusive and transparent dialogue with all FPC stakeholders. FPC members include business end-users, consumer organizations, financial institutions, payment network operators, technology providers, and others. Career History Reed has extensive experience in the payments industry and has served on myriad industry bodies, most recently as an officer on the FPC Board of Directors; the Federal Reserve's Governance Framework Formation Team; and the Corporate Advisory Group for The Clearing House's Real-Time Payments System. Prior to joining the FPC, he spent 15 years at Walmart, departing as Senior Director of Global Treasury, where he was responsible for the company's payments-related public policy and public relations initiatives, network and processor relationships, and establishing Walmart's payments acceptance strategies. In 2015, Reed was recognized as one of PayBefore's Top Ten Payments Lawyers and the Electronic Transactions Association honored him as a member of its Forty Under 40 class in 2019. He has a B.A. from the University of Arkansas and a J.D. from the University of Arkansas School of Law.

Blogs

Fintech

Meeting Unprecedented Times with Faster Payments Disbursements

15 Oct 2020

In a year where we’ve seen the emergence of the COVID-19 pandemic, the raging wildfires in California, a hurricane season so active we’ve exhausted the alphabet, and more, “unprecedented” has become an all too familiar term. And these incomparable times have had considerable impact on the American people, particularly from a financial perspective....

Fintech

U.S. Faster Payments Evolution: Share Your Thoughts on the Journey

06 Oct 2020

For most of us, the pandemic has upended our way of life. It has changed our working styles and environments. It has altered shopping habits. It has driven a surge in touchless and remote transactions. And while all of these are colossal shifts for the American people, the one even larger change stemming from the pandemic lies in the transition to...

The Payments Business

Exploring QR Codes for Faster Payments

25 Aug 2020

Around the world, QR codes continue to explode in popularity as a payments instrument. In China, over the past three years, QR code “scan-to-pay” solutions have grown 15-fold, reaching $1.3 trillion U.S. in the fourth quarter of 2019. And globally, 4% of all consumer transactions leverage a QR code, according to research from Kleiner Perkins Cauf...

The Payments Business

The Dialogue Driving the Faster Payments Interoperability Question

17 Aug 2020

Dialogue is an integral part of our society. Real, meaningful dialogue can be the driver behind collaborative action that can bring out change, understanding, cooperation, confidence, and more. And in today’s environment with now-daily conversations about issues that are core to our humanity – systemic racism and oppression, health and safety conc...