The Payments Studies Group will help the leadership of the Payments Services function and the senior management of the Federal Reserve Bank of Richmond to gain a better understanding of the evolution of payments and what those changes mean for the Fed's payments policy. The group will develop new methods of gathering information related to payments trends from both corporations and financial institutions. It will also collaborate with other areas of the Richmond Fed — including Research, and Supervision, Regulation and Credit — as well as with peers throughout the Federal Reserve System doing similar work.