FRB: Press Release–Federal Reserve study shows more than three-quarters of noncash payments are now electronic–December 8, 2010


The Federal Reserve’s 2010 study of noncash payments released today revealed that in 2009 more than three-quarters of all U.S. noncash payments were made electronically, a 9.3 percent annual increase since the Federal Reserve’s last study in 2007. This growth and other statistics in the study emphasize consumers’ increasing adoption of electronic alternatives for payments in the United States. The 2007 study revealed that in 2006 roughly two-thirds of the payments were made electronically.

via FRB: Press Release–Federal Reserve study shows more than three-quarters of noncash payments are now electronic–December 8, 2010.

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