The Federal Reserve Payments Study: 2018 Annual Supplement

Lauren Clark, Geoffrey Gerdes, Claire Greene 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: 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.1 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.

Pages: 12 p.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:fip:g00002:4183

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