1st Source Bank joined the U.S. Faster Payments Council (FPC), an industry-led membership organization aimed at shaping the future of the U.S. national payment system. It was created with the goal to allow Americans to safely and securely pay anyone, anywhere, at any time with near-immediate funds availability. Additionally, it focuses on the larger goals of safety, security and adoption of all faster payments.
“1st Source Bank takes pride in our leadership role in the instant payment space, and we are excited about joining the Faster Payments Council,” Andrea Short, president and CEO of 1st Source Bank, and president of 1st Source Corporation, said. “Our dedication to innovation will be bolstered by the diverse perspectives of this group of organizations as we tackle the complex intricacies of faster payments in the United States.”
“The Faster Payments Council is thrilled to have 1st Source Bank join as a member,” Reed Luhtanen, executive director of the U.S. Faster Payments Council, said. “1st Source’s commitment to improvement, modernization and collaboration in the instant payment space aligns well with the FPC’s mission of making faster payments a reality for all in the United States. We welcome their expertise in the financial sector, and their knowledge of the FedNow Service and the instant payment space as a whole.”
