Journal Article

At the Richmond Fed: Researching Payments System Changes

Abstract: The Federal Reserve has supported the smooth operation of the nation's payments system since its founding in 1913. It has done this by providing services directly — from distributing currency to processing checks and ACH, wire, and instant payments. It has also implemented regulations intended to maintain the system's safety and stability for all users. At the same time, the Fed has convened industry stakeholders and has worked with them to help the payments system meet the evolving needs of businesses and consumers.

Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Econ Focus

Publication Date: 2026-06-10

Volume: 26

Issue: Q3