Federal Reserve Bulletin, Volume 93, 2007 Current Bulletin

Recent Payment Trends in the United States

Noncash payments per capita in selected economies, 2000, 2003, and 2006
Number per capita
Year and
payment type
Japan European
Monetary
Union1
United
Kingdom
Canada United
States
2000  
Check 1.8 20.2 46.1 54.0 148.3
Electronic 25.7 95.6 130.3 138.1 108.5
2003  
Check 1.3 17.6 37.6 45.8 128.4
Electronic 29.5 122.6 168.0 174.0 152.0
2006  
Check 1.1 15.6 29.3 40.6 102.2
Electronic 3.9 149.9 208.7 216.3 210.1

1. The European Monetary Union is made up of Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, The Netherlands, Portugal, and Spain. Cyprus, Malta, and Slovenia joined the EMU after 2006 and were not included in calculations.

Sources: European Central Bank (2007), "Payment and Securities Settlement Systems in the European Union," August; Bank for International Settlements (2008), "Statistics on Payment Systems in the Group of Ten Countries," March; and Federal Reserve Board.

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