News & Events

Open Payment Network Included in FPC’s State of Play Report

Posted in News by OPN on March 3, 2021

US Faster Payments Council report summarizes capabilities of instant payment operators including OPN, The Clearing House, Visa, Mastercard and others

Open Payment Network (OPN), the provider of a secure technology platform that enables instant payments anytime, anywhere, today announced that it has been included in the Faster Payment Council’s first State of Play in the US Faster Payments report. Along with leading financial institutions, OPN’s unique offerings stand out, namely the platform’s directory service that supports payment address alias and integration with social directory services, an open API with workflow, and more.

“We are honored to be included in a list of stellar organizations that are helping bring about faster payments in the US,” said Bradley Wilkes, CEO of OPN. “Our unique strengths are not only recognized but will be able to be used to assist in the success of this monumental endeavor.”

The US Faster Payments Council (FPC) gives active members a voice in its direction and is guided by the perspectives of other members that have diverse, segment-level representation on the FPC board and opportunities to serve on committees and work groups. The FPC also provides safeguards for information sharing and collaboration among members on issues of common interest.

“OPN has been a key contributor to the Faster Payments Council since its inception,” added Reed Luhtanen, executive director of the US Faster Payments Council. “When we did the roundup of those companies that were advancing the mission of the FPC, OPN was a natural choice for inclusion.”

FPC is made up of business end users, consumer organizations, financial institutions, payment network operators, technology providers, and other payments system stakeholders that are all committed to make faster payments a reality in the United States.

About the Faster Payments Council

The Faster Payments Council (FPC) is an industry-led membership organization whose vision is a world-class payment system where every person or organization can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S. payment system. Guided by principles of fairness, inclusiveness, flexibility, and transparency, the FPC uses collaborative, problem-solving approaches to resolve the issues that are inhibiting broad faster payments adoption in this country. For more information visit www.fasterpaymentscouncil.org today.

About Open Payment Network

Open Payment Network™ (OPN) helps financial institutions attract and retain more customers and stay ahead of the competition by enabling them to deliver instant payments anytime, anywhere. By connecting to OPN’s secure technology platform, financial institutions become the gateway for instant payments via Internet and mobile device. The OPN platform integrates with existing core systems and moves payment value and associated data in real time for immediate settlement. Financial institutions can provide access to the OPN API so business customers, fintech developers and internal teams can create applications such as instant mortgage payments, payroll processing, and peer-to-peer payments. Visit www.openpaymentnetwork.us.