The Federal Reserve on Tuesday announced the members of the steering committees of both the Faster Payments Task Force and Secure Payments Task Force described in the Strategies for Improving the U.S. Payment System paper released in January 2015. Representatives were elected by the membership to represent stakeholder categories within each task force. Three appointments were made by the Federal Reserve task force chair to ensure that stakeholder perspectives were sufficiently represented.
The steering committees will advise the Federal Reserve task force chair on meeting agendas and assist in prioritizing the various task force activities. The committees will also assist in establishing and recommending the scope of work groups, synthesizing task force perspectives and determining items in need of task force deliberation.
"We are thrilled to have the commitment, expertise and perspectives of these individuals to help us identify opportunities to advance the speed and security of U.S. payments," said Gordon Werkema, Federal Reserve Payments Strategy Director. "The task forces have chosen an outstanding team to help guide these efforts and provide a balanced representation of payment stakeholder interests." The membership of the steering committees is as follows: Faster Payments Task Force Steering Committee Members: Gary Beets, Fiscal Service, Department of the Treasury Wanda Chambers, Suncoast Credit Union Mitch Christensen, Wells Fargo & Company Roy DeCicco, Accredited Standards Committee X9 John Drechny, Wal-Mart Stores, Inc.
Janet Estep, NACHA -- The Electronic Payments Association Peter Gordon, FIS Mark Keeling, The Bankers Bank Jordan Lampe, Dwolla, Inc.
Steve Ledford, The Clearing House Edward Mundt, Hard Rock Café International Bob Steen, Bridge Community Bank Gary Stein, Consumer Financial Protection Bureau Christina Tetreault, Consumers Union James Reuter, FirstBank Colorado Thomas Rea, U.S. Bank Susan Weinstock, The Pew Charitable Trusts W. Bradley Wilkes, WingCash LLC Ryan Zagone, Ripple Labs Secure Payments Task Force Steering Committee Members: Trent Addington, Best Buy Dave Faoro, Verifone, Inc.
Chris Gilbert, Bankers' Bank of Kansas Terrence Griffin, CO-OP Financial Services Reed Luhtanen, Wal-Mart Stores, Inc.
Suzanne Martindale, Consumers Union Anthony Meholic, The Bancorp Cedric Menchion, Killeen Independent School District Stephen Mott, BetterBuyDesign Nancy O'Malley, MasterCard Brian Peretti, Department of the Treasury -- OCIP Frank Perrelli, BNY Mellon Stephen Ranzini, University Bank Victoria Strayer, TSYS Glen Ulrich, U.S. Bank Matt Wilcox, Fiserv Additional information about the task forces, including charters, participation agreements and registration forms, can be found on the Get Involved page at FedPaymentsImprovement.org.
Media Contacts: Financial Services Policy Committee Alexis Akervik 612-204-5271 alexis.akervik@mpls.frb.org Federal Reserve Board Susan Stawick 202-452-2955 susan.k.stawick@frb.gov
