Payment Systems
FedNow® Service
The Federal Reserve has developed a round-the-clock payment and settlement service, called the FedNow Service, to support instant payments in the United States.
The Federal Reserve Payments Study
The Federal Reserve Payments Study is an ongoing effort to quantify aggregate noncash payment volumes, cash withdrawals and deposits, payments fraud, and related information, offering a periodic benchmark of developments in the U.S. payments system to policymakers, the industry, and the public.
Key Policies for the Provision of Financial Services
The twelve Federal Reserve Banks provide banking services to depository institutions and the federal government.