The 2019 Federal Reserve Payments Study: Initial Data Release

The 2019 Federal Reserve Payments Study (FRPS), seventh in a series of triennial studies, found accelerating growth overall in core noncash payments (ACH, cards, checks) from 2015 to 2018 compared to the previous three-years.

The study also found that

  • Debit and credit card payments grew 8.9 percent per year between 2015 and 2018.
  • The value of remote general-purpose card payments in 2018 nearly equaled that of in-person payments.
  • Over half of in-person general-purpose card payments were chip authenticated in 2018, up from 2.0 percent in 2015.
  • ACH payments grew 6.0 percent per year between 2015 and 2018.
  • Check payments fell 7.2 percent per year from 2015 to 2018.

Contact

For questions or comments, or to be added to the FRPS mailing list, please contact frpaymentsstudy@彩神8官方版frb.gov.

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Last Update: December 31, 2019