Payment Systems
![Payment Systems Improvement](/congress116th/20210121200051im_/https://www.federalreserve.gov/images/filmstrip-payment-systems.jpg)
FedNowSM Service
The Federal Reserve is developing a new round-the-clock payment and settlement service, called the FedNow Service, to support instant payments in the United States.
![Trends in card use](/congress116th/20210121200051im_/https://www.federalreserve.gov/images/filmstrip-card-use.jpg)
The 2019 Federal Reserve Payments Study
Federal Reserve Payments Study finds that ACH and card payments grew rapidly from 2015 to 2018, outpacing the prior three-year period.
![Image of a bank vault](/congress116th/20210121200051im_/https://www.federalreserve.gov/images/filmstrip-bank-vault.jpg)
Key Policies for the Provision of Financial Services
The twelve Federal Reserve Banks provide banking services to depository institutions and the federal government.
Regulations & Statutes
Financial Market Utilities & Infrastructures
Reserve Bank Payment Services & Data
Research, Committees, & Forums
Last Update:
January 14, 2021