A reliable, competitive and effective payment system is required to support constant activity of economy. The Reserve Interstate Bank is authorized to promote effectiveness and competition in payment systems as well as overall stability of financial systems. The Bank controls financial infrastructure which includes a wide range of various payment instruments – from checks and payment cards to costly corporate payments – and normally invisible mechanisms that ensure a smooth transfer of funds from accounts of one financial institution to the other.
The Bank also plays a regulatory role to ensure that the infrastructure that supports clearing and settling of transactions in the financial markets operates in a manner which could contribute to financial stability.