Payment System Oversight

Payment systems can present a variety of risks to the Federal Reserve Banks, the banking system and other sectors of the economy. Risks can arise from transactions that are processed in Federal Reserve payment systems and in private sector payment systems. To address these risks, the Federal Reserve developed the Payment System Risk Policy.

As overseer of payment systems, the Federal Reserve administers and applies this Policy. The Federal Reserve's Payments System Policy Advisory Committee advises the Board on issues related to payments system risk.

Additionally, the Federal Reserve has responsibility for implementing certain laws pertaining to a wide range of banking and financial activities, including payment activities.

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Contacts
Services for Financial Institutions
Business Development Office
East Rutherford Operations Center
salesspecialists@kc.frb.org
(800) 257-6701
Choose from a detailed list of contacts for Account Services, Automated Clearing House (FedACH), Fedwire, Saving Bond Service and more.
Financial Services Contacts offsite
CBIAS
Timothy Fogarty
Business Relations
timothy.fogarty@ny.frb.org
(212) 720-1708
General
Central Bank and International Account Services (CBIAS) Markets Group
account.relations@ny.frb.org
(212) 720-5679