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: Kathy Feringa
Work Group Vice Chair: Steve Wasserman
July Update: The Group's "What's Your Favorite Use Case?" member video series from the 2025 Fall Member Meeting has been approved for publication and is now available in both the public Use Case Repository and FPC University within the Members Area. The Group also continues collaborating with the Digital Assets Work Group to expand the Faster Payments Glossary with new terms and definitions.
Fraud and Scam Mitigation for Faster Payments Work Group
Work Group Chair: Lee Kyriacou
Work Group Vice Chair: Shelley Rojano
July Update: The Group is progressing several initiatives to strengthen fraud prevention across the faster payments ecosystem. Current efforts include finalizing a fraud survey infographic and advancing collaborative work on fraud information sharing, mule account mitigation, and supporting an FPC-ASC X9 Joint Standards Steering Committee initiative to improve consistency in cross-network fraud reporting.
Cross-Border Payments Work Group
Work Group Chair: Mark Majeske
Work Group Vice Chair: TBD
July Update: The Group's report, "Stablecoins as a Cross-Border Payment Method," developed in collaboration with the Digital Assets Work Group, was published in the Faster Payments Knowledge Center. The Group's next report, "Interoperability: Bridging the Cross-Border Gap in a Faster Payments World," was recently approved by the FPC Board of Directors and will be published in the coming weeks. The Group also continues developing new deliverables focused on liquidity management and AI-driven cross-border payment efficiencies. In addition, the Work Group is currently accepting nominations for its Vice Chair position.
Instant Recurring Payments Work Group
Work Group Chair: Josh Karoly
Work Group Vice Chair: Andrew Gomez
July Update: The Group is finalizing its user flow deliverable and preparing it for the FPC approval process. The resource incorporates member feedback to help refine recurring payment experiences across the payments ecosystem while aligning with broader FPC initiatives related to user experience, fraud mitigation, and exception resolution.
Digital Assets in the Financial Industry Work Group
Work Group Chair: Bo Berg
Work Group Vice Chair: Larry Pruss
July Update: The Group recently finalized three Board-approved deliverables that will be published in the coming weeks, including the two-part blog series, "A Practitioner's Guide to the Rails, the Risks, and the Opportunity – Part 1" and "Blockchain in U.S. Payments: Architecture, Interoperability, and the Path to Production-Grade Deployment – Part 2," along with the report, "A Comprehensive Look at the U.S. Faster Payments Landscape for Optimal Operation." The Group is also completing an infographic on the economics of digital currencies while advancing a series of microblogs focused on regulations impacting digital assets.
Operational Considerations for Instant & Immediate Payments Work Group
Work Group Chair: Miriam Sheril
Work Group Vice Chair: Dustin Martin
July Update: The Group's upcoming deliverable, "Operational Considerations for Non-Value Messages," continues advancing through the FPC approval process. At the same time, the Group is developing a new resource comparing the FedNow® Service and RTP® Network operational processes, with members refining a comprehensive differences matrix to help financial institutions better understand key operational distinctions between the two networks.
Download the CharterInstant Payments Data Optimization Work Group
Work Group Chair: Satya Vandrangi
Work Group Vice Chair: Aaron Shaner
July Update: The Group continues to advance it work through two subgroups —Network Data and Use Cases, and Blockers to Adoption—refining recommendations to improve payment success rates and support broader use of instant payments. Current efforts focus on network data quality, strengthening fraud identification and payment intelligence, and reducing barriers to adoption through enriched payment data.
Download the Charter
Exception Resolution for Account-Based Payments Work Group
Work Group Chair: Kimberly Stachak
Work Group Vice Chair: Azam Khalfe
July Update: The Group continues advancing its foundational exception resolution deliverable through three payment lifecycle subgroups focused on pre-transaction, during-transaction, and post-transaction activities. As work progresses, the Group is aligning the outputs of each subgroup into a unified framework that will define payment exceptions and outline best practices across the payment lifecycle.
Download the Charter
Faster Payments User Experience Work Group
Work Group Chair: Caroline Cypriano
Work Group Vice Chair: Moa Agrell
July Update: The Group continues making progress on its blog series exploring key user experience considerations for faster payments. With several Statements of Work now complete, multiple subgroups are drafting the first blogs in the series covering interoperability, onboarding and identity verification, mobile user experience, fraud and scam awareness, dispute resolution, and use expectations around currency conversion and fees.
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 9 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.
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.
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.