Who We Are
What We DoPayments INFORMATION AND OUTREACH OFFICE (PIOO)
Payments System
The Federal Reserve Bank of Minneapolis, along with the other 11 Federal Reserve banks, works to assure the smooth movement of funds between banks, savings and loans and credit unions through a nationwide electronic payments system. The Minneapolis bank also provides financial institutions in this bank's region with an adequate supply of coin and currency and destroys worn and damaged currency.
PIOO Mission Statement
Support the Federal Reserve Banks' mission in the payments system through effective industry outreach and payment standards development work conducted locally, nationally, and internationally.
2012 Payments Fraud Survey
The Federal Reserve Banks of Minneapolis, Boston, Dallas, and Richmond and the Independent Community Bankers of America conducted a payments fraud survey during April 2012. Survey results will be published this summer.
View a copy of the 2012 Payments Fraud Questionnaire.
Recent reports and information by the Payments Information and Outreach Office at the Minneapolis Fed
- Information-Sharing Resources Related to Payments Fraud, May 2012
- 2010 Payments Fraud Survey Summary of Results
- 2010 Payments Fraud Survey Presentation of Results
- 2009 Payments Fraud Survey Summary of Results
Documents related to the Remittance Coalition, an industry effort to address problems associated with reconciling payments and remittance information effectively.
- Routing Number Problem
- Summary of April 29 Remittance Coalition Meeting at NACHA 2012 Payments Conference
- Unfinished Business - AFP Exchange March 2012
Article by Debra Hjortland
This article appeared in the March 2012 edition of the AFP Exchange magazine, copyright ©2012 Association for Financial Professionals, all rights reserved, republished with permission.
- Meeting Summary of RC Call, February 10, 2012
- Results of CRF Survey on EDI 820 Reason Codes
- Remittance Coalition Overview
- Summary of November 6, 2011, Remittance Coalition Meeting in Boston
- Summary of June 28 - 29, 2011, Remittance Standards Workshop in Chicago
- Overview of Remittance Coalition Workshop planned in conjunction with AFP Annual Conference in November 2011
