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 8,000 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 | 361 | 4.3% |
| Consumer Interest Organizations | 36 | 0.4% |
| Government End Users | 105 | 1.3% |
| Large Financial Institutions | 901 | 10.8% |
| Medium Financial Institutions | 1,192 | 14.3% |
| Nonbank Providers | 1,073 | 12.9% |
| Other Stakeholders | 3,397 | 40.8% |
| Small Financial Institutions | 1,271 | 15.2% |
| Total | 8,336 | 100.0% |
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