The Federal Reserve Payments Study 2016: Recent Developments in Consumer and Business Payment Choices

Geoffrey Gerdes, Jonathan Hamburg and May X. Liu
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May X. Liu: https://www.federalreserve.gov/econres/may-x-liu.htm

Reports and Studies from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The 2016 Federal Reserve Payments Study (2016 study) is the sixth in a series of triennial studies conducted since 2001 by the Federal Reserve System to estimate aggregate trends in noncash payments in the United States using data collected from surveys of depository institutions, payment networks, issuers, and processors.1 The 2016 study covers the total number and value of all noncash payments estimated to have been made in 2015 in the United States by consumers and businesses. Businesses are defined in the study to include for-profit and not-for-profit, private enterprises, as well as federal, state, and local government agencies.

Pages: 11 p.
Date: 2016
Note: Federal Reserve Payments Study
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