Payments Innovation

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

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What is the FedNow Service?

A new instant payments service by the Federal Reserve

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Susan M. Collins: “The Outlook, Monetary Policy, and Supporting a Vibrant Economy"

Remarks part of 39th Annual NABE Economic Policy Conference

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Federal Reserve announces July launch for the FedNow Service

Instant payment service will debut with financial institutions, U.S. Treasury on board

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What We Do

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Central Bank Digital Currencies

A team at the Boston Fed is focused on software engineering and financial infrastructure, researching the possibilities and limitations of a central bank digital currency.

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FedNow Service

The Federal Reserve is developing the FedNow Service to enable financial institutions of every size, and in every community across America, 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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Latest research and information on payment studies and innovations and their impact on central bank digital currencies, financial technology, and regulatory oversight.

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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

Boston Fed releases 2022 financials, highlights notable projects

2022

Annual Reports

Boston Fed releases 2022 financials, highlights notable projects
60 days in with President Susan M. Collins

Six Hundred Atlantic

60 days in with President Susan M. Collins
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

2019 Results From the Mobile Banking and Payments Survey of New England Financial Institutions

Payment Strategies

2019 Results From the Mobile Banking and Payments Survey of New England Financial Institutions

by Marianne Crowe and Breffni McGuire

Mobile / Digital Payment Industry Trends in Distributed Ledger Technology, Cryptocurrency, Mobile P2P Payments, Fraud, and Authentication

Mobile Payments Industry Workgroup

Mobile / Digital Payment Industry Trends in Distributed Ledger Technology, Cryptocurrency, Mobile P2P Payments, Fraud, and Authentication

by Susan M. Pandy and Marianne Crowe

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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