Payments Innovation

Contributing to a secure, reliable, and accessible U.S. payments system

FedNow® Service selected as a 2025 CIO 100 Award winner

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What are the top payments challenges facing small businesses?

Boston Fed payments analyst shares key findings from new report

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Podcast interview: Why is check fraud surging as check use drops?

Check fraud way up as thieves exploit vulnerabilities to steal from companies, consumers

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What We Do

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Digital Money and Payments Research & Development

Supporting the Federal Reserve System’s research and development for the future of money and payments.

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FedNow® Service

The FedNow® Service enables financial institutions of any size, anywhere in the U.S., to provide safe and efficient instant payment services in near real-time, around-the-clock, every day.

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Secure Payments Innovation & Research

The Federal Reserve Bank of Boston is leading efforts on behalf of the Federal Reserve System to reduce fraud risk and advance the safety and security of the U.S. payment system.

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Services & Resources

Digital/Mobile Payments Innovation & Applied Research

Payment Strategies contributes to the development of innovative business and technology solutions for mobile and digital payments that are secure, efficient and ubiquitous by leading mobile/digital payment initiatives with the industry.

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Publications & Data

Featured

Project Hamilton Phase 1 Executive Summary

Project Hamilton Phase 1 Executive Summary

by Federal Reserve Bank of Boston and Massachusetts Institute of Technology Digital Currency Initiative

2024 Financial Statements

2024

Annual Reports

2024 Financial Statements
Boston Fed releases 2023 financials, spotlights notable work during the year

2023

Annual Reports

Boston Fed releases 2023 financials, spotlights notable work during the year
Season 5: Notes on Cash: How the Fed Keeps Money Moving

Six Hundred Atlantic

Season 5: Notes on Cash: How the Fed Keeps Money Moving
Boston Fed releases 2022 financials, highlights notable projects

2022

Annual Reports

Boston Fed releases 2022 financials, highlights notable projects
Bank releases 2021 financials, summarizes year’s activities

2021

Annual Reports

Bank releases 2021 financials, summarizes year’s activities
De-Mystifying New Approaches to Safer Online and Mobile Payments

Payment Strategies

De-Mystifying New Approaches to Safer Online and Mobile Payments

by Susan M. Pandy and Marianne Crowe

Modernizing U.S. Financial Services with Open Banking and APIs

Payment Strategies

Modernizing U.S. Financial Services with Open Banking and APIs

by Susan M. Pandy

Coming Soon to the U.S.: A National Standard for Mobile Financial Services

Payment Strategies

Coming Soon to the U.S.: A National Standard for Mobile Financial Services

by Susan M. Pandy

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Media Inquiries? Media Inquiries?

Contact our media relations team. We connect journalists with Boston Fed economists, researchers, and leadership and a variety of other resources.

Media Relations