Payments Innovation

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

FedNow(SM) Service's Nick Stanescu and Dan Anthony. November 14, 2023.

Boston Fed announces promotions of two officers to senior positions

Nick Stanescu named EVP and chief FedNow executive; Dan Anthony named EVP

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Dollar bills and finance and banking on digital stock market financial exchange

Fed announces broad availability of E-Manifest Service to improve cash supply chain

Milestone announcement delivers on commitment to advance cash visibility

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Image of a woman handing over a stack of hunreds highlighting an article that is focused on paying rent through cash, money order and check.

A fatal cash crash? Conditions were ripe for it after the pandemic hit, but it didn’t happen

Credit card use rose as cash use fell, but experts say cash may have found its “floor”

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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 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

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