EconPapers    
Economics at your fingertips  
 

Modernizing Our Payments System; Fourth Annual Financial Literacy Day: Understanding Global Markets and Finance

Loretta Mester

Speech from Federal Reserve Bank of Cleveland

Abstract: The Federal Reserve System plays an important role in helping to ensure that our payments system is efficient, secure, and effective. I recently became chair of the Financial Services Policy Committee (FSPC), which oversees the provision of payment services to depository institutions and the U.S. Treasury by the 12 Federal Reserve Banks. So as a follow-up to the discussion we just heard about new forms of payments, I thought it would be useful to provide you with an update on some of the Fed’s ongoing work to modernize the U.S. payments system, and then offer a policy maker’s perspectives on some payments innovations. Of course, the views I will present today are my own and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee.

Keywords: financial literacy; payment systems (search for similar items in EconPapers)
Pages: 14
Date: 2020-02-14
New Economics Papers: this item is included in nep-fle and nep-pay
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.clevelandfed.org/en/newsroom-and-event ... payments-system.aspx Full Text

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcsp:87475

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().

 
Page updated 2024-03-04
Handle: RePEc:fip:fedcsp:87475