Payments Outreach
We provide insights into emerging payment technologies, specifically in the consumer to business payments space and how they affect the industry and the future, by sharing payments acumen to influence policy.
Payments Outreach helps inform Federal Reserve Bank of Richmond senior leadership on the evolution of payments and what those changes mean for the Fed's payments policy. Payments Outreach also gathers information related to payments trends from corporations and financial institutions, and collaborates 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.
Mission
Payments Outreach connects with the external payments community, System payments partners, and Fifth District staff and leadership to promote awareness, advise leadership in decision-making, and contribute to Federal Reserve payment initiatives in order to achieve desired payment system outcomes.
Vision
To be a trusted advisor to internal and external stakeholders in promoting the stability, integrity, and efficiency of the U.S. payment system.
Goals
- Provide opportunities for Richmond Fed payments leaders and staff to share payments- and industry-related knowledge with external stakeholders on payments policy and strategy, especially as it relates to the Federal Reserve’s Strategies for Improving the U.S. Payments System (SIPS).
- Oversee Payments Advisory Councils that drive the Bank’s understanding of and contribution to System payment initiatives.
- Gather and employ consumer payments data to derive insights and facilitate better decisions.
- Support the payments system by leading and significantly contributing to Federal Reserve initiatives, including SIPS.
Publications
- FedNotes offers key insights and observations into the Federal Reserve System's cash practices, policies, and strategic direction.
Advisory Councils
Read more about our Payments Advisory Councils.