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.
Staff Details
Claudia Swendseid
Senior Vice President
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 and May 2012. Payments fraud is an ongoing concern of financial professionals whose job it is to protect their organization’s payments transactions from traditional and emerging fraud schemes. Payment fraud attacks and losses using cards and check transactions continue to outpace those of other payment types; regardless, all payments are vulnerable to fraud.
The 2012 survey summary identifies payment types most vulnerable to fraud attacks and losses, schemes most prevalent today, fraud prevention methods used and the effectiveness of each, and opportunities to further reduce payments fraud.
View a copy:
- 2012 Payments Fraud Survey Summary of Results - Ninth Federal Reserve District Summary
- 2012 Payments Fraud Survey Consolidated Results
- 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
The Remittance Coalition
The Remittance Coalition is a group of organizations and individuals working together to promote greater use of electronic business-to-business (B2B) payments and electronic remittance data exchanges. The Coalition accomplishes this objective by addressing various problems and barriers that make it difficult for businesses to use electronic alternatives to paper checks and remittance advices.
Learn more and find all documents related to the coaltion on The Remittance Coaltion web page.
