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
April Update: The Group’s Glossary subgroup is actively expanding the interactive Faster Payments Glossary in the FPC’s Knowledge Center by identifying and defining new terminology. At the Spring Member Meeting, the Group hosted a session titled, “Sharing Current and Future Use Case Successes and Sorrows,” featuring roundtable discussions that explored real-world use cases across consumer, business, and government sectors.
Download the CharterFraud Work Group
Work Group Chair: Lee Kyriacou
Work Group Vice Chair: TBD
April Update: The Group is currently reviewing the fraud-focused section of the upcoming “Send Side Guidelines” deliverable, being developed by the Operational Considerations Work Group. At the Spring Member Meeting, the Group led a panel discussion titled, “Sharing Fraud Detection Data Within and Across Faster Payment Networks.” A Call for Nominations is also open for the Vice Chair position.
Directory Models Work Group
Work Group Chair: Peter Tapling
Work Group Vice Chair: Lou Grilli
April Update: The Group recently published a new report in the FPC’s Knowledge Center titled, “How a Directory Service Accelerates Instant Payments: Consumer Bill Pay Example.” Building on that momentum, the Group’s next deliverable, “Decision Points for an Open Alias Directory,” has received FPC Board approval and will be released soon. The Group also collaborated with the API Work Group to present “Bringing Directory Capabilities to Life” during the Spring Member Meeting.
Cross-Border Payments Work Group
Work Group Chair: Mark Majeske
Work Group Vice Chair: Jonathan Holland
April Update: The Group continues to make strong progress across its subgroups. The ISO 20022 Use Cases subgroup is refining content for its next publication focused on global use cases for instant payments. Meanwhile, the Cross-Border B2B Use Cases subgroup has wrapped up its stakeholder interviews and begun analyzing the resulting insights, with early findings highlighting common challenges, practical solutions, and operational implications. The Group also presented, “Explore New and Existing B2B Cross-Border Payment Use Cases Driving Global Faster Payments Growth,” at the Spring Meeting.
QR Code Interface Work Group
Work Group Chair: Keith Riddle
Work Group Vice Chair: Carolyn Serejo Cypriano
April 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?”
Download the CharterReal-Time Recurring Work Group
Work Group Chair: Josh Karoly
Work Group Vice Chair: Andrew Gomez
April Update: The Group has aligned on its next initiative: developing a business case for financial institutions centered on real-time recurring payments, with a particular focus on sending requirements and market analysis. At the Spring Member Meeting, the Group also presented a panel session titled, “Sanctity (or Sanity) of Irrevocability.”
Download the CharterSecure Instant & Immediate Payments APIs Work Group
Work Group Chair: Moa Agrell
Work Group Vice Chair: TBD
April Update: As part of its Hackathon initiative, the Group has developed a participant package that includes a registration form, terms and conditions, privacy policy, and media release. The Group has also explored ideas for a potential mentorship program and developer resources and agreed to seek legal guidance on open-source licensing and NDAs. Finalization of the participant package will proceed following feedback from the Operations Committee.
Financial Inclusion Work Group
Work Group Chair: Anthony Serio
Work Group Vice Chair: Mary Mumper-Morrison
April Update: The Group’s Access to Technology subgroup is advancing its research on “How Digital Assets Can Address Financial Inclusion Pain Points,” exploring the potential of digital tools to expand access. At the Spring Member Meeting, the Group co-presented the session, “Bridging Innovation and Regulation: Accelerating Financial Inclusion with Digital Assets and Faster Payments,” in collaboration with the Digital Assets Work Group.
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Digital Assets in the Financial Industry Work Group
Work Group Chair: Bo Berg
Work Group Vice Chair: Kevin Barr
March Update: The Group’s Regulatory subgroup has completed a new blog post, “Digital Asset and Stablecoin Regulation: U.S. Faster Payments are Shaping the Future,” which is currently under review by the Operations Committee. Additionally, the Group will co-present a session with the Financial Inclusion Work Group at the Spring Member Meeting titled, “Bridging Innovation and Regulation: Accelerating Financial Inclusion with Digital Assets and Faster Payments.”
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Operational Considerations for Instant & Immediate Payments Work Group
Work Group Chair: Miriam Sheril
Work Group Vice Chair: Tony Cook
March Update: The Group has finalized the draft of its upcoming deliverable, “Operational Considerations for Instant Payments Send-Side Deep Dive,” and it is now being reviewed by the full work group. Following this review, the draft will be submitted to the FPC Operations Committee for additional feedback and approval.
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Business Benefits of B2B Instant Payments Work Group
Work Group Chair: Dean Nolan
Work Group Vice Chair: TBD
April Update: The Group’s Driving B2B Instant Payments Adoption through Use Cases subgroup is conducting a market survey to better understand the pain points and needs in organizations’ B2B payment processes. The Group presented, “Real-Time Revolution: The Instant Payments Edge for B2B,” at the recent Spring Member Meeting. Additionally, there is currently a Call for Nominations for Vice Chair of the Work Group.
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Instant Payments Data OptimizationWork Group
Work Group Chair: TBD
Work Group Vice Chair: TBD
April Update: *Open Call for Participation* Launching soon, this new Work Group will unite financial institutions, service providers, and payments associations to collaboratively develop and promote best practices for improving data accuracy in instant payments. Nominations for the roles of Chair and Vice Chair are currently open.
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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.