Shaping the Future of Payments
These initiatives represent the work of the Alliance. Through project teams, task forces and industry groups, members collaborate to influence existing and emerging payment trends, drive change, remove barriers and support innovation. Deliverables from Alliance initiatives include creating resources and tools, developing best practices and testing proof of concepts – ultimately shaping the future of payments.
The Alliance welcomes new project team members and the collaboration of ideas! To join an active project team, you must be an Alliance member in good standing and be able to participate consistently during scheduled meetings. Project teams typically meet monthly via conference call and in-person at the winter and fall Alliance meetings. Learn more about each of our active initiatives and contact us to join a team.
Faster Payments Playbook for Corporates
This team, in collaboration with the U.S. Faster Payments Council, is developing tools for financial institutions and business end users that are seeking direction and clarity on faster payments. Previously, the team published the Faster Payments Playbook and Faster Payments 101 for financial institutions.
Currently, the team is working on a resource for corporates and has created four subgroups to focus on different sections: glossary, pain points, attributes and governance. These subgroups have developed content, and now the larger project team will compile, review, edit and publish this resource for industry participants.
This team develops tools and resources to help organizations understand evolving threats and identify questions and topics to address before, during and after a cyberattack. Currently, the team is currently drafting a Top 10 List of COVID-19 Best Fraud Prevention and Cybersecurity Practices. Previously, the team developed a template for organizations to use providing guidance and considerations in responding to security incidents.
ACH Quick Start Tool Project Team
This team is currently developing a tool that will help small and medium-sized businesses more readily understand how they can use ACH to make and receive B2C payments for a variety of use cases. Recently, this team launched the ACH Quick Start Tool, an interactive online resource to help businesses understand how they can use ACH to enable B2B payments.
ACH for Developers Guide
This team is finalizing the content for a resource for developers who need to code to the Nacha Operating Rules format, but are not Rules experts. The team is currently finalizing content, which will include file formats, scenarios for using specific data elements, and information on where to find additional details in the Rules.
This team addresses the critical topic of conversational payments, which is an emerging channel where consumers use devices such as Alexa or Google Home to conduct banking or make payments. This team is finalizing the first in a series of Executive Briefs that will serve as an introduction to the team’s work and provide an overview to voice payments, a subset of conversational payments.
The ISO 20022 Project Team developed the ISO 20022: A Global Messaging Standard, an educational resource to help financial institutions and companies understand the capabilities, timelines and functionality of various ISO 20022 enhancements.