Read summaries on all the work groups and stay up to date on all the great progress underway by the work groups. Additional work group summaries and updates will be uploaded soon. Interested in joining a Work Group? Sign up here. All members are welcome.
Work Group Chair: Charles Harkness
Work Group Vice Chair: Steve Wasserman
July Update: The Group’s Solution/Service Providers subgroup is currently accepting new submissions to the Solution Providers Catalogue and will be launching the questionnaire to collect responses for the new Service Providers Catalogue in August. The Group’s Use Cases subgroup has created a new use case repository web display and will be advancing to the Board for review in September. The Group’s other subgroups – Outreach, FAQs, and Glossary of Terms – continue to make great progress on their deliverables and will be issuing drafts to the Operations Committee in Q4.Download the Charter
Work Group Chair: Andrew Haskell
Work Group Vice Chair: Deborah Baxley
July Update: The Group recently voted to disband the work group under its current Charter and Deliverables. Some Group members volunteered to join a small group to recharter and put a proposal together for the next phase of the Fraud Information Sharing Work Group.
Work Group Chair: Peter Tapling
Work Group Vice Chair: Lou Grilli
July Update: The Group’s next deliverable will examine best practices for optimizing directory models to reduce friction in the payment value chain and increase adoption of faster payments. The Group is targeting September for publication of the publicly available resource after review and approval by the FPC Board. The Group will also be presenting at the Fall Member Meeting on the topic, “International Best Practices in Directory Models.”Download the Charter
Work Group Chair: Barry Tooker
Work Group Vice Chair: James Sellick
July Update: The Group is putting forth the first edition of its Cross-Border Payments Bulletin for review and approval by the FPC Board as a publicly available resource in September. The Group is also developing the second edition of its Bulletin, which will continue the dialogue with industry leaders as to the design choices, implications, and considerations of a cross-border central bank digital currency models. The Group will be presenting at the Fall Member Meeting on the topic, “Central Bank Digital Currencies and Their Potential Impacts on Cross-Border Payments.”
Work Group Chair: Scott Green
Work Group Vice Chair: Steve Mott
July Update: The Group received approval from the FPC Board and recently published its white paper, QR Codes for Faster Payments, a publicly available industry resource for all users of faster payments systems. The paper includes an intro to QR codes, review of payment QR codes, implementation examples, and use cases that may best assist in the adoption of faster payments. The Group will also be presenting at the Fall Member Meeting on the topic, “QR Codes Aid in the Adoption of Faster Payments.”Download the Charter
Work Group Chair: Josh Karoly
Work Group Vice Chair: Hope Hacker
July Update: The Group is currently brainstorming ideas for its next set of deliverables. Potential topics discussed include implementation guidance, irrevocability for real-time recurring payments, evaluation of implemented use cases and characteristics outside the U.S., and use cases specific to recurring or fraud/risk. The Group will be updating its charter to include the proposed deliverables and will be presenting it to the FPC Operations Committee in August.Download the Charter
Work Group Chair: Dean Nolan
Work Group Vice Chair: Moa Agrell
July Update: The Group continues to make great progress on developing its first deliverable, guidelines on the use of secure APIs for onboarding/enrollment and initiating instant and immediate payments. The Group has designed a matrix around core payment functions and value-added services including descriptions for API functions. The Group’s research subgroup is in the final stage of looking at the maturity level toward APIs for Real-Time payments across several countries. The Group will be presenting at the Fall Member Meeting on the topic, “Real-time payments APIs, global market practices, and lessons learned for the U.S.”
Work Group Chair: Gail Hillebrand
Work Group Vice Chair: Adam Rust
July Update: The Group published its first deliverable, a Faster Payments and Financial Inclusion white paper, after receiving final approval from the FPC Board. The new publicly available report offers a blueprint of steps that payments providers, banks, and networks can take to alleviate these pain points to increase financial inclusion in the use of faster payments. The Group will be presenting at the Fall Member Meeting on the topic, “Faster Payments for Financial Inclusion of the Underserved.”
Download the Charter
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 eight work groups:
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.
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.