Work Group Summaries and Progress Updates
Read summaries on all the work groups and stay up to date on all the great progress underway by the work groups. Interested in joining a Work Group? Sign up here. All members are welcome.
Education & Awareness Work Group
Work Group Chair: Glenn Wheeler
Work Group Vice Chair: Steve Wasserman
August Update: The Group is preparing to record a new series of use case videos at the Fall Member Meeting and is inviting members to take part. Members are also encouraged to create and submit their own recordings for inclusion. At the same time, the Glossary subgroup is continuing its work on the interactive Faster Payments Glossary in the FPC Knowledge Center by adding and defining more key terms.
Download the CharterFraud Work Group
Work Group Chair: Lee Kyriacou
Work Group Vice Chair: Shelley Rojano
August Update: The Group’s Survey subgroup will launch a questionnaire in September to gather financial institutions’ perspectives on barriers to instant payments adoption, with a focus on fraud-related concerns. The Dispute Resolution subgroup is progressing on its next deliverable, “Synthesized Summary on Fraud Disputes in Instant Payments.” In addition, the RFI subgroup prepared a response to the Federal Bank Regulatory Agencies’ request for information, concentrating on payments fraud mitigation in instant payments, which has been approved by the Board for submission.
Directory Models Work Group
Work Group Chair: Peter Tapling
Work Group Vice Chair: Lou Grilli
August Update: By consensus, the Group recently decided to sunset as an independent work group. This transition supports the FPC’s broader strategic initiative to enhance impact and adapt to the evolving needs of the faster payments industry, as outlined in the 2025 Strategy Work Group Refresh.
Cross-Border Payments Work Group
Work Group Chair: Mark Majeske
Work Group Vice Chair: Jonathan Holland
August Update: The Group recently published its latest report, “ISO 20022: Data-Rich Messaging Advances Top Cross-Border Real-Time Payment Use Cases,” which is now available in the FPC Knowledge Center. Both the B2B Use Cases and Stablecoin collaborative for Cross-Border Payments and Digital Assets are steadily advancing their respective deliverables. The Group is also preparing to present the session, “Domestic Real-Time Payment Schemes and Cross-Border Payments: A Match Made in Heaven,” at the Fall Member Meeting.
QR Code Interface Work Group
Work Group Chair: Keith Riddle
Work Group Vice Chair: Carolyn Serejo Cypriano
August Update: By consensus, the Group recently decided to sunset as an independent work group. This transition supports the FPC’s broader strategic initiative to enhance impact and adapt to the evolving needs of the faster payments industry, as outlined in the 2025 Strategy Work Group Refresh.
Download the CharterReal-Time Recurring Work Group
Work Group Chair: Josh Karoly
Work Group Vice Chair: Andrew Gomez
August Update: The Group is refining its upcoming deliverable, “Instant Recurring Payments: What’s the Opportunity?,” by integrating feedback from its members. This report is designed to provide merchants with practical insights and resources to help build a strong business case for adopting instant recurring payments. The Group has also updated its charter, which is currently under review by the Operations Committee.
Download the CharterSecure Instant & Immediate Payments APIs Work Group
Work Group Chair: Moa Agrell
Work Group Vice Chair: TBD
August Update: The Group is gearing up for the FPC’s first virtual API Hackathon and has issued an open Call for Participation to all members. This hands-on, collaborative event will focus on exploring how directory-enabled alias-based payments can help accelerate instant payments adoption in the U.S. The Group continues to welcome member participation and is also seeking sponsors to support this initiative.
Financial Inclusion Work Group
Work Group Chair: Anthony Serio
Work Group Vice Chair: Mary Mumper-Morrison
August Update: The Group’s Access to Technology has completed its interview-based research exploring how digital tools can help address financial inclusion challenges. The team is now compiling findings and determining the most effective way to present them to the industry in Q4 2025.
Download the Charter
Digital Assets in the Financial Industry Work Group
Work Group Chair: Bo Berg
Work Group Vice Chair: Kevin Barr
August Update: The Group is currently working on its next blog, “The Imperative of Digital Identity for Financial Institutions,” which provides guidance on the ways that digital identities will evolve to enable faster payments, specifically on commercial digital identity for FIs. The Group will also be presenting, “Stablecoins and the Future of Cross-Border B2B Payments: Today and Tomorrow,” in collaboration with the Cross-Border Payments and B2B Instant Payments Work Groups at the upcoming Fall Member Meeting.
Download the CharterOperational Considerations for Instant & Immediate Payments Work Group
Work Group Chair: Miriam Sheril
Work Group Vice Chair: Tony Cook
August Update: The Group has received Board approval for its next deliverable, “Guideline.02: Operational Considerations for Instant Payments Send-Side Deep Dive,” which will be published in the coming weeks. To complement the report, the Group has also created an infographic designed to serve as a user guide across all of its publications. The Group will also be presenting the session, “What Do Know About Send? Test Time,” at the Fall Member Meeting.
Download the Charter
Business Benefits of B2B Instant Payments Work Group
Work Group Chair: Dean Nolan
Work Group Vice Chair: Andres Garbarini
August Update: The Group has completed its first Blog in its series, “Getting Paid Faster in B2B: How Instant Payments Help Reduce DSO and Improve Access to Capital,” which is currently under review by the Operations Committee. Additional blog subgroups have drafted new installments, including “B2B Instant Payments: The $10 Million Moment Unlocking the Next Frontier,” with five more in the pipeline. Meanwhile, the Market Scan subgroup compiled insights from the market survey on the pain points and priorities in the B2B payments space and is preparing recommendations for the work group’s next steps.
Download the Charter
Instant Payments Data Optimization Work Group
Work Group Chair: TBD
Work Group Vice Chair: TBD
August Update: *Open Call for Participation* Set to launch soon, this new Work Group will bring together financial institutions, service providers, and payments associations to establish and promote best practices for enhancing data accuracy in instant payments. Nominations for the roles of Chair and Vice Chair are also open.
Download the Charter
Exception Resolution for Account-Based Payments Work Group
Work Group Chair: TBD
Work Group Vice Chair: TBD
August Update: *Open Call for Participation* This new Work Group will enhance consumer protections and build trust in instant payments by developing best practices for resolving disputes, fraud, scams, and other exceptions. Drawing on insights from both domestic and international payment networks, the group will create a flexible framework to improve exception handling across the industry. Nominations for the roles of Chair and Vice Chair are also open.
Download the Charter
Work Groups Are Where It's At!
Are you interested in having a voice on issues that currently stand in the way of achieving faster payments ubiquity in the United States? The FPC is currently recruiting members for 12 work groups:
Real-Time Recurring
Promotes the development and adoption of real-time recurring payment solutions for business end users and financial institutions.
Sponsored by:
Education & Awareness
Develops an educational and awareness program to foster better understanding of faster payments and confidence among providers and users, ultimately driving adoption and transaction volumes, toward the industry goal of ubiquity.
Sponsored by:
Secure Instant & Immediate Payment APIs
Develops guidelines and best practices for the use of secure APIs for enrolling/onboarding users and for the initiation of instant and immediate payments, regardless of the network used.
Sponsored by:
Cross-Border Payments
Gathers information/input on various models and use cases where there is a need or desire by consumers and businesses for real-time payments across borders.
Sponsored by:
Fraud
Works with existing fraud sharing forums to identify enhancements that will make processes more efficient and effective, with an aim towards fostering better user experiences, bolstering confidence and trust in faster payments.
Financial Inclusion
Provides a blueprint for leveraging faster payments to accelerate access to the financial system for unbanked and underserved Americans.
Sponsored by:
Operational Considerations for Instant & Immediate Payments
Provides financial institutions with guideposts to effectively manage operational change that instant and immediate payments have on bank operations.
Sponsored by:
Business Benefits of B2B Instant Payments
Accelerates the adoption of instant payments for businesses by addressing key challenges and identifying best practices with B2B Instant Payments.
Digital Assets in the Financial Industry
Maps out how digital assets relate to the financial industry, focusing specifically on payments made with digital funds – central bank digital currency (CBDC), regulated liabilities and stablecoin.
QR Code Interface
Promotes the adoption of faster payments by developing QR guidelines and best practices for use by end users and financial institutions.
Directory Models
Evaluates information, including reports produced by other industry-led work groups, intended to identify and assess an approach for best practices across directory models and/or dependent platforms for the faster payments ecosystem.
Instant Payments Data Optimization
Facilitates a collaborative effort among financial institutions, service providers, and payments associations to establish and promote best practices for data accuracy in instant payments, ensuring a smooth and secure transition from traditional to instant payments.