Overview
What is Us Faster Payments Council?
The Us Faster Payments Council is an industry-led, membership organization headquartered in Bentonville, Arkansas. Their primary mission is to promote a seamless and secure payment system, allowing individuals and organizations to make transactions safely and swiftly, regardless of location or time. They strive to foster industry awareness and attract a diverse range of members from various sectors within the U.S. payments industry. The council also upholds strong antitrust guardrails to ensure a safe platform for dialogue. Their activities aim to establish a world-class payment system, ensuring near-instantaneous funds availability for users.
Official website here: www.fasterpaymentscouncil.org
Is Us Faster Payments Council legitimate?
Us Faster Payments Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Us Faster Payments Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $532,084
Professional Fundraising Fees: $0
Other Salaries and Wages: $421,032
For more financial information, click here
Official website here: www.fasterpaymentscouncil.org
What is the mission statement of Us Faster Payments Council?
The US Faster Payments Council, an industry-led organization, is committed to establishing a superior payment system. Their mission is to enable every individual or organization to securely and safely make payments to anyone, anywhere, at any time, with near-immediate funds availability. This goal is instrumental in fostering a world-class payment system. To achieve this, the council raises industry and consumer awareness, attracts a diverse membership base from various sectors of the US payments industry, and establishes a secure platform for open dialogue, ensuring strong antitrust safeguards are in place.
Official website here: www.fasterpaymentscouncil.org
Who is the CEO of Us Faster Payments Council?
Reed Luhtanen is the Chair of Us Faster Payments Council.
Official website here: www.fasterpaymentscouncil.org
What is the revenue of Us Faster Payments Council?
Us Faster Payments Council's revenue in 2022 was $1,581,975.
Official website here: www.fasterpaymentscouncil.org
Who are the executives of Us Faster Payments Council and what are their salaries?
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $519,143
- Other: $2,378
- Compensation: $0
- Related: $168,336
- Other: $4,757
- Compensation: $0
- Related: $172,521
- Other: $0
Official website here: www.fasterpaymentscouncil.org
Where can I find the form 990 for Us Faster Payments Council?
Us Faster Payments Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fasterpaymentscouncil.org
Learn more at the official website: www.fasterpaymentscouncil.org
Mission Statement of Us Faster Payments Council
The Faster Payments Council, a member-led organization within the payments industry, aims to establish a globally exemplary payment system. This system enables every individual or organization to securely and swiftly transfer funds to anyone, anywhere, at any time, with near-instant access to the funds. The council's mission is multifaceted, involving raising awareness among both industries and consumers, garnering a diverse range of members from various sectors of the U.S. payments industry, and creating a safe platform for open dialogue. This dialogue is governed by robust antitrust safeguards to ensure fairness and transparency within the industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The US Faster Payments Council (FPC) significantly impacts the payments landscape by promoting a robust and efficient payment system that enhances the speed, safety, and accessibility of transactions for individuals and organizations alike. Its mission is centered on creating a payment ecosystem where funds can be transferred securely and instantly, enabling transactions to occur anytime and anywhere.
By raising industry and consumer awareness, the FPC plays a crucial role in educating stakeholders about the benefits and functionalities of faster payment solutions. This awareness aids in fostering broader adoption of these systems, which can lead to greater financial inclusion and convenience for users.
Additionally, the FPC formulates strategies to attract a diverse membership across various segments of the U.S. payments industry. This inclusivity ensures that different perspectives and needs are considered, allowing for a more comprehensive approach to developing fast and secure payment solutions.
Moreover, the organization provides a safe forum for dialogue among industry players, encouraging collaboration and innovation while adhering to strong antitrust guidelines. This collaborative environment is essential for addressing the complexities of modern payment systems and driving advancements in technology and processes.
Overall, the US Faster Payments Council is instrumental in shaping a payment infrastructure that supports economic growth, enhances consumer confidence, and adapts to the evolving demands of the digital economy.
This information is meant to be a general summary of Us Faster Payments Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,568
- Program Service Revenue: $1,577,407
- Gross Receipts: $1,581,975
Assets and Liabilities:
- Total Assets: $1,724,382
- Total Liabilities: $1,005,784
- Net Assets: $718,598
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,476,407
SPONSORSHIPS
Revenue
$101,000
Organization Details
Founding Year
2018
Phone
(781) 876-6264Principal Officer
Reed Luhtanen
Main Address
1706 S WALTON BLVD 3345, BENTONVILLE, AR, 72712
NTEE Category
Code: U99 - Science research
If you are a representative of Us Faster Payments Council and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.