Payment Systems

We provide a wide range of payment services for financial institutions and the U.S. government. We also help formulate and execute policies for the oversight of U.S. and international payment systems. In addition, we foster innovation in payment systems and conduct research on topical payment issues.
Features

Recent Developments in Tri-Party Reform
Recent developments from the New York Fed issued on December 20, 2012.

Update on Tri-Party Repo Infrastructure Reform
A statement from the New York Fed issued on July 18, 2012.

Statement on the Release of the Tri-party Repo Infrastructure Reform Task Force's Final Report
The New York Fed has issued a statement about reform of tri-party repo infrastructure, responding to the report of the Tri-Party Repo Infrastructure Reform Task Force.
Tri-Party Repo Infrastructure Reform

Federal Reserve study shows more than three-quarters of noncash payments are now electronic offsite
The 2010 Federal Reserve Payments Study consists of three research efforts to estimate the annual number, dollar value and composition of noncash retail payments in the United States.

Speeches

Enhancing Payment System Speed, Efficiency and Security
Keynote remarks by Christine M. Cumming, first vice president, at the TCH Annual Payments Symposium and Business Meeting, New York City
June 12, 2013