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Journal Article
Trends in the use of payment instruments in the United States
In 2003, for the first time, the number of electronic payments in the United States exceeded the number of check payments--a result of substantial growth in electronic payments (especially by debit card) and a decline in check payments. The shift toward electronic payments suggests that, as with other large economies, many payments formerly made by check are now being made with electronic payment instruments. As in past years, however, the value of checks far exceeded the value of commonly used electronic payments. ; Comparisons among groups of depository institutions of different types and ...
Report
The 2013 Federal Reserve Payments Study Recent and Long-Term Trends in the United States: 2000–2012 Summary Report and Initial Data Release
This report contains new estimates of total unauthorized transactions (third-party fraud) involving checks, ACH, and cards as well as some information on the use of alternative payment initiation methods provided by depository institutions including commercial banks, savings institutions, and credit unions. Other results—such as the number and value of consumer and business accounts, number of cards issued, and the number and value of cash withdrawals and cash deposits made through various channels—are included in a detailed report released concurrently with this revised summary report.
Report
The 2013 Federal Reserve Payments Study Recent and Long-Term Trends in the United States: 2000–2012 Detailed Report and Updated Data Release
This detailed report is a complement to the “Summary Report and Initial Data Release” (Summary Report), which was released in December 2013 and has been updated for consistency with revisions made during preparation of this report.1 This report includes new information related to noncash payments based on additional estimates and analysis. For instance, this detailed report provides new insights into the use of cards by consumers and businesses, alternative payment initiation methods, consumer and business domestic and cross-border wire transfers, and an expanded view of cash deposits and ...
Report
The Federal Reserve Payments Study: 2018 Annual Supplement
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 ...
Report
Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study
This report provides aggregate estimates of payments fraud totals and rates for general-purpose credit and debit card (including non-prepaid and prepaid debit card), ACH, and check transactions—the core non-cash payment types used for everyday payments and settlements by consumers and businesses. For cards, further breakouts of payments fraud—such as card type, payment channel, and authentication method—are provided. ACH fraud is broken out into ACH credit and ACH debit fraud.
Report
The Federal Reserve Payments Study 2016: Recent Developments in Consumer and Business Payment Choices
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 ...