WASHINGTON - The central bank plans to actively shape future changes to the payments system, according to Thomas C. Melzer, president of the Federal Reserve Bank of St. Louis.

The Fed will focus on making the system more efficient, more secure and reliable, and more accessible, Mr. Melzer said Monday at the Bank Administration Institute's national payments system conference here.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.