Tuesday, December 18, 2007

Electronic Payments Now Outnumber Checks by 2-1!

The Fed has done yet another study of how payments are made in the United States. The study, which did not include payments by cash, showed American households and businesses made twice as many payments electronically than they made by check.

Check usage by 6.4 percent a year from 2003 (the last year studied) to 2007.

No comments: