Annual Report of the Federal Reserve Bank of Cleveland
Our Payments System: Challenges and Opportunities
They are overlooked and underappreciated; yet they are effective and efficient. They have endured and evolved, and yet are ripe for improvement and innovation. They form an invaluable infrastructure for our nation's economy, supporting countless users at any given time. Their innumerable entrances, routes, and off-ramps serve many voyagers embarked on vastly different journeys. They are our nation's payments systems.