Don’t miss another episode of Truth In Data! Click on the red bell in the lower left corner of your screen to receive notifications as soon as the episode publishes.
Data for this episode of Truth In Data provided by – The Federal Reserve Payments Study: 2018 Annual Supplement
About this report
This Federal Reserve Payments Study (FRPS) brief updates data on core noncash payment
types and systems that support everyday payments by U.S. consumers and businesses. The
data show faster growth in electronic payments from 2016 to 2017 compared with previous
years. Remote payments continued to grow as a share of general-purpose card payments, and
the value of in-person chip-authenticated general-purpose card payments exceeded the value
of those without chip-authentication for the first time. Meanwhile, partial data from large
banks indicate the number of check payments and cash withdrawals from automated teller
machines (ATMs) continued to decline.