Why a Healthy Payments System Matters
Cheryl Venable: The Retail Payments Office's top priority is to operate a stable and reliable check and ACH payment system. We connect thousands of financial institutions, and the U.S. Treasury, to move millions of payments every day that support what we call "everyday life payments"—things like payroll payments and Social Security payments...[and] mortgage and insurance payments.
I am personally drawn to the Retail Payments Office because of the fact that we touch millions of individuals across the United States. I know that what we do supports nearly 97 percent of households, and that through our support of the Treasury in particular, we ensure that everyone who needs their benefit payments gets to them in an efficient and timely way. And I feel like I help make the economy run.