BIS Review 78/1998  -5-  We work to achieve this objective through several important payments system roles, those of regulator, service provider, and facilitator. As regulator, we are always open to your suggestions for revisiting regulations that may pose impediments to payments system innovations. In considering changes to existing regulations, we would assess how the change might affect the public good.
For example, is the original public policy rationale for the regulation no longer fully valid? Would the proposed change make society better off? As service provider, the Federal Reserve is working closely with the industry to enhance the ACH marketing and education that is needed to substantially increase market penetration.