US Fed payments study: non-cash payments soar amid cheque decline

Image Source: Article

Image Source: Article

Consumers wrote nearly two-thirds fewer cheques per household in 2015 than in 2000, while total non-cash payments per household, which includes cheques, card payments and electronic transfers via automated clearing house (ACH), expanded almost 95%, according to additional results released 30 June from the US “2016 Federal Reserve Payments Study”.

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