Members use project teams to collaborate and 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 a 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. Continue scrolling down to learn more about each of our active initiatives and contact us to join a team.
ACH for Developers Guide Project Team
This team published a web resource for developers who need to code to the Nacha Operating Rules format, but are not Rules experts. The Guide for Developers includes background information on the ACH Network, ACH file formats, scenarios for using specific data elements, and information on where to find additional details in the Rules. This project team meets quarterly and continues to review, edit and enhance the content.
Consumer Financial Exploitation Project Team
This project team creates educational materials, resources and tools to enable the industry to fight financial fraud. The group will also work with the financial crimes ecosystem, including law enforcement and consumer advocacy groups, to amplify networking and collaboration. This team, having just finished a campaign on Elder Financial Abuse Awareness, is now focusing on money mules.
Cybersecurity & Payments AI Project Team
The Cybersecurity & Payments AI Project Team (formerly known as the Cybersecurity Response Project Team) develops tools and resources to help organizations understand evolving threats related to potential cyberattacks.
The team has created a Cybersecurity Tabletop Exercise kit for small to medium-sized businesses to use as an internal exercise with their employees to prepare for responding to a data breach. The Exercise is designed to be completed in less than 3 hours and includes a Leaders’ Guide for running the Exercise and key points for discussion. The initial exercise focuses on ransomware, with additional scenarios being released in the coming months. This team will now be turning its focus to Artificial Intelligence.
Faster Payments Playbook for Corporates Project Team
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 developing an interactive resource for corporates.
Faster Payments Professionals Certificate Project Team
The Faster Payments Professional certificate program is the first of its kind in the industry. The program will provide a holistic view of faster payments, including current offerings – such as Same Day ACH and RTP®. Project team members help design the program, including what it will take for professionals to earn and maintain the FPP certificate.
Navigating Through Digital Payments Project Team
This team, launched in April 2023, explores the digital and physical world implications of money and asset movement.
This project team will provide education on quantum computing as it relates to the payments industry. Initially the team will get to a common level of understanding of quantum and then discuss how quantum can affect payments and banking.
Former Project Teams and Resources
ACH Quick Start Tool Project Team
Completed Work in 2022
This team developed two interactive tools to help small and medium-sized businesses more readily understand how they can use ACH to make and receive payments for a variety of use cases. The ACH Quick Start Tool, an interactive online resource, helps businesses with B2B and B2C payments. After completing this work and providing recommendations for a Non Profit Quick Start Tool the team disbanded in 2022.
Conversational Payments Project Team
Completed Work in 2022
The Conversational Payments team addressed the emerging channel where consumers use voice assistants, smart speakers and other devices and technology to conduct banking or make payments. The team published a series of white papers on the topic.