Federal Reserve Study Shows More Than Three-Quarters of Noncash Payments Are Now Electronic

Federal Reserve

The Federal Reserve’s 2010 study of noncash payments 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 [...] Read more »

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