Payments, Standards, and Outreach Group (PSOG)

PSOG Mission Statement

The PSOG advances the Federal Reserve System’s mission in payments by providing expertise in business-to-business (B2B) payment transactions, payment standards, payment fraud and emerging payments.

PSOG’s Foundational Responsibilities

  1. Payments research, notably business-to-business payments and efficiency, fraud, and more recently virtual currency/blockchain technology;
  2. Payments standards monitoring, development, and adoption
  3. Engagement with relevant external associations and groups.

2017 Payments Fraud Mitigation Survey

The Payments, Standards, and Outreach Group at the Federal Reserve Bank of Minneapolis is conducting a payments fraud mitigation survey to help financial institutions better understand new or continuing challenges with payments fraud, as well as the methods used to reduce fraud risk and their effectiveness. In June, we distributed a survey invitation to financial institutions randomly selected from across the U.S.

View/Print a copy of the 2017 Payments Fraud Mitigation Survey Questions
View/Print a copy of the 2017 Payments Fraud Mitigation Survey Questions Terms and Definitions

If your financial institution received an invitation to respond to the survey, thank you in advance for participating in this important research effort.

A summary of the survey results will be posted to this page later this year.

Recent reports and information by the Payments, Standards, and Outreach Group at the Minneapolis Fed

The Business Payments Coalition (formerly the Remittance Coalition)

The Business Payments 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. Its wide-ranging goal is to improve the efficiency of B2B payments across the end-to-end process. The Coalition accomplishes this 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 coalition on The Business Payments Coalition web page (off site to