We believe that payment system improvements should be collectively identified and embraced by a broad array of payment participants. To that end, we continue to engage with thousands of payment stakeholders, from across the payments ecosystem, to improve the end-to-end speed, efficiency and security of payments.
The FedPayments Improvement Community was formally established in early 2015 as a key channel for bringing stakeholders together. Outreach with the Community includes regular email communications, virtual touchpoints – such as webinars, feedback opportunities – and periodic in-person events.
To-date, more than 7,000 industry leaders have become a part of our vibrant Community.
We invite you to join us in this historic movement.
A Diverse Collaboration
Collaboration is the foundation of the Federal Reserve’s efforts to improve the U.S. payment system. Our FedPayments Improvement Community welcomes a diverse range of payments industry stakeholders to ensure all perspectives are considered in the payments evolution process. Our members include:
- Consumer Interest Groups
- Financial Institutions
- Government End Users
- Industry Trade Associations
- Merchant and Business End Users
- Nonbank Payment Service Providers and Networks
- …and more!
| Segment Name | Count | % |
|---|---|---|
| Business End Users | 316 | 4.5% |
| Consumer Interest Organizations | 26 | 0.4% |
| Government End Users | 91 | 1.3% |
| Large Financial Institutions | 505 | 7.1% |
| Medium Financial Institutions | 776 | 10.9% |
| Nonbank Providers | 712 | 10.0% |
| Other Stakeholders | 3,910 | 55.1% |
| Small Financial Institutions | 761 | 10.7% |
| Total | 7,097 | 100.0% |
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