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: TBD
Work Group Vice Chair: Steve Wasserman
January Update: The Group’s recent efforts have focused on post-production work for the member-led use case videos filmed at the 2025 Fall Member Meeting, which are being prepared for public release. The Group is also creating a consolidated “What’s Your Favorite Use Case?” video that will debut at the Spring Member Meeting. At the same time, Group members are working with the Digital Assets Work Group to expand the Faster Payments Glossary with additional terms and definitions.
Fraud and Scam Mitigation for Faster Payments Work Group
Work Group Chair: Lee Kyriacou
Work Group Vice Chair: Shelley Rojano
January Update: The Group’s Dispute Resolution Subgroup continues to advance its report, “Instant Payments Fraud Dispute Resolution: Guiding Principles for a U.S. Framework,” which includes a comparative grid of dispute processes across payment types. The Group has also received Board approval for its response to the FDIC’s recent Notice of Proposed Rulemaking and will present the session, “From Barriers to Breakthroughs: Tackling Fraud in Instant Payments Adoption,” at the Spring Member Meeting.
Cross-Border Payments Work Group
Work Group Chair: Mark Majeske
Work Group Vice Chair: Jonathan Holland
January Update: The Group has received final Board approval on its next deliverable, “B2B Cross-Border Payments: Expert Insights on Faster Payments Adoption,” with plans to publish the report in February. Additionally, the Group will be presenting at the Spring Member Meeting on the topic, “B2B Cross-Border Payments: Expert Insights on Faster Payments Adoption.”
Instant Recurring Payments Work Group
Work Group Chair: Josh Karoly
Work Group Vice Chair: Andrew Gomez
January Update: The Group has received final Board approval for its next deliverable, “Instant Recurring Payments: Unlocking Opportunities in High-Growth Vertical Markets.” The white paper, which will be published in the coming weeks, offers guidance and resources for merchants exploring recurring payment opportunities. The Group has also updated its charter and received Board approval for the revised version.
Download the CharterFinancial Inclusion Work Group
Work Group Chair: Anthony Serio
Work Group Vice Chair: Mary Mumper-Morrison
January Update: The Group has received Board approval for its next deliverable, a blog post titled “Digital Access as a Prerequisite for Financial Access: Bridging the Divide Between Connectivity, Capability, and Inclusion.” The blog will be published in February and promoted on social media. The Group is also determining next steps for additional planned deliverables.
Download the Charter
Digital Assets in the Financial Industry Work Group
Work Group Chair: Bo Berg
Work Group Vice Chair: Kevin Barr
January Update: The Group’s Blockchain Use Cases, Stablecoin for Cross-Border Payments, Digital Assets Glossary Terms, and Payments Innovation subgroups continue to advance their deliverables and ongoing initiatives. The newer Economics of Digital Currencies and GENIUS Act/Regulatory/General Legislation subgroups are evaluating potential topics for future work. The Group will also present two sessions at the Spring Member Meeting: “Stablecoins in Cross-Border Payments: From Direct Settlement to Embedded Infrastructure” and “The GENIUS Act: Control or Chaos?”
Download the CharterOperational Considerations for Instant & Immediate Payments Work Group
Work Group Chair: Miriam Sheril
Work Group Vice Chair: TBD
January Update: The Group is finalizing the draft of its next deliverable, “Operational Considerations for Non-Value Messages,” incorporating feedback from Work Group members. The draft will then advance to the Operations Committee for review and feedback.
Download the CharterBusiness Benefits of B2B Instant Payments Work Group
Work Group Chair: Dean Nolan
Work Group Vice Chair: Andres Garbarini
January Update: The Group has finalized two new blog posts, “B2B Instant Payments: The $10 Million Moment - Unlocking the Next Frontier” and “Stablecoins in B2B Payments: A Domestic Opportunity for U.S. Banks and Credit Unions,” and the drafts are currently under review by the Operations Committee. The Group will also be presenting the session, “Opportunities for B2B Instant Payments,” at the Spring Member Meeting.
Instant Payments Data Optimization Work Group
Work Group Chair: TBD
Work Group Vice Chair: TBD
January Update: The Group has received final Board approval for its next deliverable, “Instant Recurring Payments: Unlocking Opportunities in High-Growth Vertical Markets.” The white paper, which will be published in the coming weeks, offers guidance and resources for merchants exploring recurring payment opportunities. The Group has also updated its charter and received Board approval for the revised version.
Download the Charter
Exception Resolution for Account-Based Payments Work Group
Work Group Chair: TBD
Work Group Vice Chair: TBD
January Update: This new Work Group will launch in February, and there is still time for interested members to join. The Group will focus on strengthening consumer protections and building 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.
Download the Charter
Faster Payments User Experience Work Group
Work Group Chair: TBD
Work Group Vice Chair: TBD
January Update: This new Work Group will launch in February, and there is still time for interested members to join. The group will focus on accelerating the adoption of faster payments by enabling functional user experiences. The Group will aim to mitigate inconsistent user experiences by encouraging stakeholders to collaborate more effectively to ensure that the evolving faster payments landscape remains accessible, efficient, ubiquitous, and scalable for all end users.
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:
Instant Recurring Payments
Promotes consumer-friendly instant recurring payment solutions for all instant payment users.
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:
Faster Payments User Experience
Aims to mitigate inconsistent user experiences by encouraging stakeholders to collaborate more effectively to ensure the evolving faster payments landscape remains accessible, efficient, ubiquitous, and scalable for all end users.
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 and Scam Mitigation for Faster Payments
Focuses on collectively addressing fraud and scam issues involving faster payments, which can affect fundamental trust in faster payment systems and require heightened or different operational controls, risk management, and end-user education.
Financial Inclusion
Provides a blueprint for leveraging faster payments to accelerate access to the financial system for unbanked and underserved Americans.
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.
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.
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.
Exception Resolution for Account-Based Payments
Develops recommendations and best practices for exception resolution, which includes disputes, scams, fraud, and questions [or customer inquiries], specific to account-based payments, including ACH and instant payments.