Alliance Project Teams
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 proofs of concept – 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 also works with the financial crimes ecosystem, including law enforcement and consumer advocacy groups, to amplify networking and collaboration. This team recently developed materials addressing elder financial exploitation awareness and an infographic and video 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 project team has developed a Business Email Compromise Response Action Plan, a comprehensive guide providing invaluable insights for companies impacted by business email compromise (BEC) and offering proactive steps to prevent such incidents. Earlier this year the team produced a Security Incident Response Procedure Guide for Companies, a free tool helping organizations address suspected data breaches and providing steps for evaluating incidents and determining necessary notifications to stakeholders.
The team has also 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.
Navigating Through Digital Payments Project Team
This team, launched in April 2023, explores the digital and physical world implications of money and asset movement. The team has developed an infographic and a Buzzcast episode devoted to exploring the world of digital assets.
Pay by Bank Project Team
This project team, announced in November 2024, will develop a common definition of pay by bank. This team will also identify any operational, risk and educational issues associated with pay by bank payments.
A kick-off meeting was held in December.
Quantum Payments
This project team provides education on quantum computing as it relates to the payments industry. The team recently released An Introduction to Quantum Computing and Payments, a report exploring how quantum computing will impact the payments industry. The report outlines both the opportunities for innovation and the significant threats posed to cryptographic security, urging leaders to prepare for quantum-safe solutions.
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.
Visit the ACH Quick Start Tool
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.
Explore our voice payments resources
Faster Payments Playbook for Corporates Project Team
Completed Work in 2024
This team, in collaboration with the U.S. Faster Payments Council, developed tools for financial institutions and business end users that seek direction and clarity on faster payments. Previously, the team published the Faster Payments Playbook and Faster Payments 101 for financial institutions. The group recently completed an interactive resource for corporates. The team disbanded upon completion of this work.
Faster Payments Professionals Certificate Project Team
Completed Work in 2023
The Faster Payments Professional certificate program is the first of its kind in the industry. The program provides a holistic view of faster payments, including current offerings – such as Same Day ACH and RTP®. Project team members helped design the program, including what it takes for professionals to earn and maintain the FPP certificate.
