Erik Van Bramer
Federal Reserve Bank of Chicago
The Time Is Now: Prepare for Instant Payments and the FedNow Service
May 11, 2021 | 12:15 pm ET
Through broad and historic collaboration, the Federal Reserve is paving the way for ubiquitous, instant payments in the United States with the development of the FedNow Service. Is your organization prepared for this transformation? With support for a broad range of transaction types and instant payments use cases, the FedNow Service will provide a springboard for financial institutions and other service providers to offer innovative instant payment solutions to the hyper digital businesses and consumers of tomorrow. Set to launch in 2023, now is the time to identify your organization’s instant payments opportunities, review your systems and processes, and talk to your service partners and customers so you won’t risk being late to the game. Join Federal Reserve executives to learn how industry stakeholders are informing the FedNow build through industry engagements and the FedNow Pilot Program. Leave this session with a better understanding of the business edge instant payments can offer as well as knowledge and resources to help your organization embrace instant payments.
Erik Van Bramer was named senior vice president and national sales director for the Federal Reserve Bank of Chicago’s Customer Relations and Support Office (CRSO) in 2018. Van Bramer previously served as national sales director and vice president/director of the Federal Reserve Bank’s national account program. In his current role, he is responsible for setting and implementing strategic management of relationships and financial services offerings across the Federal Reserve System.
Van Bramer joined the Federal Reserve Bank of Kansas City in 1998 and transitioned to the Federal Reserve Bank of Chicago in 2005. His tenure with the Federal Reserve has encompassed multiple management areas including operations, internal support functions, as well as business development. Van Bramer was promoted to assistant vice president and national account executive in 2010. He was named vice president in 2014, leading the group managing relationships for large and complex financial institutions.
Van Bramer holds a bachelor’s degree from The Colorado College, completed graduate studies at The Lake Forest Graduate School of Business, The Booth School of Business, and earned certification from the Graduate School of Banking at The University of Colorado. He serves on several boards throughout the Denver metro area with particular interest in injury prevention and underserved children and communities.