WORKING GROUP
1.
Request to Pay Dynamics
Focuses on the adoption and standardization of request-to-pay mechanisms, aligning them with user needs and creating a more responsive payment environment.
2.
Notification & Confirmation Innovations
Delves into refining and enhancing payment notifications and confirmations, ensuring real-time feedback for users and bolstering payment system reliability.
3.
Digital Overlay Services Exploration
Investigates the role and evolution of digital overlay services in enhancing the instant payment experience, adding value and versatility to basic payment functions.
4.
Cross-Border Payment Pioneering
Seeks to simplify and expedite cross-border payments, ensuring they are as seamless and instantaneous as domestic transactions.
5.
Bill Payment Advancements
Aims to streamline and innovate the bill payment process, integrating instant payment advantages to make bill settlements faster and more user-friendly.
6.
Euro Instant Evolution
Aims to promote and standardize the adoption of real-time payment solutions across EU nations, ensuring smooth interoperability and efficiency.
7.
Anti-Fraud Initiatives
Works in conjunction with established security platforms to devise mechanisms that counteract fraudulent activities, ensuring trust in the instant payment systems of Europe and America.
8.
Data Protection & Privacy
Prioritizes the safekeeping of user data in the age of instant payments, working towards GDPR compliance and beyond.
9.
Merchant & Vendor Engagements
Facilitates dialogues and tools for merchants and vendors, ensuring they’re equipped to adopt and benefit from instant payment mechanisms.
10.
Navigating European and American Payment Directories
Assesses and promotes efficient directory models to facilitate seamless and interconnected platforms for the instant payment ecosystems of Europe and the Americas.