As the nation's payment system evolves toward greater use of electronics, the Fed will change accordingly and continue to play a central role in the system, says the Fed's vice chairman.

At a global payments conference in France, first vice president Pat Barron challenged U.S. bankers to build on electronic payment efficiencies.

FedImage Services - a family of products that can capture, archive, retrieve and deliver check images - is now available at all Federal Reserve Bank check processing locations nationwide.

As the payment system changes rapidly, community banks’ flexibility and responsiveness make them well positioned to understand and meet the needs of their customers.>

First Vice President Pat Barron recently spoke to Latin American banking officials about the large-scale changes occurring in U.S. and international payment systems.