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.
Work Group Chair: Glenn Wheeler
Work Group Vice Chair: Steve Wasserman
May Update: The Group’s Glossary subgroup continues to enhance the interactive Faster Payments Glossary in the FPC’s Knowledge Center by identifying and defining new terms. Recent additions have been reviewed by the Operations Committee, and the Group is now integrating their feedback. Additionally, the Group has updated its charter, which is currently under Operations Committee review.
Download the CharterWork Group Chair: Lee Kyriacou
Work Group Vice Chair: Shelley Rojano
May Update: The Group is currently reviewing the fraud-focused section of an upcoming deliverable from the Operational Considerations Work Group. The Focus Group subgroup is also exploring the best approach to gather insights from financial institutions of all sizes on perceived barriers to instant payments adoption, including fraud concerns. Additionally, Shelley Rojano of JPMorgan Chase has been appointed Vice Chair of the Work Group.
Work Group Chair: Peter Tapling
Work Group Vice Chair: Lou Grilli
May Update: The Group recently published a new report in the FPC’s Knowledge Center titled, “Decision Points for an Open Alias Directory.” As part of the FPC’s broader strategic initiative to align with evolving industry priorities, the Group has decided to sunset as an independent work group. This transition supports the goals outlined in the 2025 Strategy Work Group Refresh, aimed at enhancing the FPC’s overall impact and adaptability.
Work Group Chair: Mark Majeske
Work Group Vice Chair: Jonathan Holland
May Update: The Group’s Stablecoins for Payments subgroup has finalized its latest blog post, “Stablecoins for Faster Payments,” which has been approved by the Operations Committee and is now under review by the Board of Directors. Likewise, the Disaster Relief subgroup has submitted its draft blog, “U.S. Disaster Relief Payments: Dangerously in Need of Innovation, and Fast,” for feedback. The Group has also launched a new Digital Identity & Payments subgroup to explore the intersection of digital identity and emerging payment methods. Additionally, the Group has updated its charter, which is currently under Operations Committee review.
Work Group Chair: Keith Riddle
Work Group Vice Chair: Carolyn Serejo Cypriano
May 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. Before the transition, members of the Group participated in a panel session at the Spring Member Meeting titled. “I Want to Offer QR Code Payments: What Are the Risks to Be Managed?”
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Work Group Chair: Josh Karoly
Work Group Vice Chair: Andrew Gomez
May Update: The Group has begun work on its next deliverable, “Instant Recurring Payments: What’s the Opportunity?,” starting with a draft outline to guide development. The Group has also updated its charter, which is currently under review by members and will be submitted to the Operations Committee for approval.
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Work Group Chair: Moa Agrell
Work Group Vice Chair: TBD
May Update: The Group’s Hackathon initiative has been approved by the Operations Committee and will be shared with the FPC Board for awareness. The Group is now finalizing the participant package, establishing judging criteria, and identifying potential sponsors to support the event.
Work Group Chair: Anthony Serio
Work Group Vice Chair: Mary Mumper-Morrison
May Update: The Group’s Access to Technology subgroup is advancing its research on “How Digital Assets Can Address Financial Inclusion Pain Points,” examining how digital tools might help broaden financial access. At the same time, the Group is evaluating its next steps and exploring ideas for future initiatives.
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Work Group Chair: Bo Berg
Work Group Vice Chair: Kevin Barr
May Update: The Group’s Stablecoins for Payments subgroup has finalized its latest blog post, “Stablecoins for Faster Payments,” which has been approved by the Operations Committee and is now under review by the Board of Directors. Likewise, the Disaster Relief subgroup has submitted its draft blog, “U.S. Disaster Relief Payments: Dangerously in Need of Innovation, and Fast,” for feedback. The Group has also launched a new Digital Identity & Payments subgroup to explore the intersection of digital identity and emerging payment methods. Additionally, the Group has updated its charter, which is currently under Operations Committee review.
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Work Group Chair: Miriam Sheril
Work Group Vice Chair: Tony Cook
May Update: The Group has finalized the draft of its upcoming deliverable, “Guideline.02: Operational Considerations for Instant Payments Send-Side Deep Dive,” and plans to share it with the Federal Reserve and The Clearing House for early input. The Group has also updated its charter, which is now under review by the Operations Committee.
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Work Group Chair: Dean Nolan
Work Group Vice Chair: TBD
May Update: The Group recently launched a new Blog subgroup focused on generating content ideas and exploring potential topics for future posts. The Driving B2B Instant Payments Adoption through Use Cases subgroup is actively conducting a market survey to gather insights into the challenges and priorities organizations face in their B2B payment processes.
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Work Group Chair: TBD
Work Group Vice Chair: TBD
May 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.
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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:
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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.
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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.
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