Fed To Study Non-Cash Payments In U.S.

By  |  January 18, 2013
 | 

The U.S. Federal Reserve is preparing a major study on the volume and composition of electronic and check payments, notes Finextra.

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    The study is held by the Fed’s Retail Payments Office (RPO) every three years and displays trends in electronic payments, eCommerce, card transactions and checking. 

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    The 2010 study showed that non-cash payments in the U.S. grew by 4.6 percent between 2006 and 2009, and that three-quarters of non-cash payments in 2009 were made electronically. 

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