The Federal Reserve Payments Study 2016
PrintSelected Results
| Noncash payment type | 2012 | 2015 | 2012-15 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Change | CAGR (percent) | |||||||||
| Number | Value | Average | Number | Value | Average | Number | Value | Number | Value | |
| Total noncash payments | 123.5 | 160.88 | 1,302 | 144.1 | 177.85 | 1,234 | 20.6 | 16.98 | 5.3 | 3.4 |
| Card payments | 83.4 | 4.65 | 56 | 103.3 | 5.72 | 55 | 19.9 | 1.07 | 7.4 | 7.1 |
| Debit cards | 56.5 | 2.10 | 37 | 69.5 | 2.56 | 37 | 13.0 | 0.46 | 7.1 | 6.8 |
| Non-prepaid | 47.3 | 1.87 | 40 | 59.6 | 2.29 | 38 | 12.4 | 0.42 | 8.0 | 7.0 |
| Prepaid | 9.3 | 0.23 | 25 | 9.9 | 0.27 | 27 | 0.6 | 0.04 | 2.3 | 5.5 |
| General purpose | 3.1 | 0.11 | 35 | 3.7 | 0.12 | 34 | 0.6 | 0.02 | 5.6 | 4.4 |
| Private label | 3.7 | 0.05 | 13 | 3.6 | 0.07 | 20 | 0.0 | 0.02 | -0.3 | 15.0 |
| Electronic benefits transfers (EBT) | 2.5 | 0.07 | 30 | 2.6 | 0.08 | 29 | 0.1 | 0.00 | 1.7 | 0.2 |
| Credit cards | 26.8 | 2.55 | 95 | 33.8 | 3.16 | 93 | 6.9 | 0.61 | 8.0 | 7.4 |
| General purpose | 24.4 | 2.27 | 93 | 31.0 | 2.80 | 90 | 6.6 | 0.53 | 8.4 | 7.3 |
| Private label | 2.5 | 0.28 | 112 | 2.8 | 0.35 | 128 | 0.3 | 0.08 | 3.8 | 8.4 |
| Automated clearinghouse (ACH) payments | 20.4 | 129.02 | 6,322 | 23.5 | 145.30 | 6,176 | 3.1 | 16.29 | 4.9 | 4.0 |
| Network | 16.7 | 36.88 | 2,205 | 19.3 | 41.64 | 2,159 | 2.6 | 4.76 | 4.9 | 4.1 |
| Credit transfers | 6.9 | 22.64 | 3,259 | 8.0 | 26.78 | 3,333 | 1.1 | 4.13 | 5.0 | 5.7 |
| Debit transfers | 9.8 | 14.24 | 1,456 | 11.3 | 14.86 | 1,321 | 1.5 | 0.63 | 4.8 | 1.4 |
| On-us1 | 3.7 | 92.14 | 25,038 | 4.2 | 103.66 | 24,431 | 0.6 | 11.53 | 4.9 | 4.0 |
| Credit transfers1 | 1.6 | 53.92 | 33,421 | 1.9 | 63.76 | 34,173 | 0.3 | 9.84 | 5.0 | 5.7 |
| Debit transfers1 | 2.1 | 38.22 | 18,493 | 2.4 | 39.90 | 16,784 | 0.3 | 1.68 | 4.8 | 1.4 |
| Check payments | 19.7 | 27.21 | 1,378 | 17.3 | 26.83 | 1,554 | -2.5 | -0.38 | -4.4 | -0.5 |
| Interbank | 14.1 | 17.44 | 1,234 | 12.7 | 18.02 | 1,416 | -1.4 | 0.58 | -3.4 | 1.1 |
| On-us | 5.6 | 9.77 | 1,740 | 4.5 | 8.81 | 1,941 | -1.1 | -0.96 | -6.9 | -3.4 |
| Additional estimates | ||||||||||
| Checks written2 | 22.5 | 27.83 | 1,239 | 19.4 | 27.34 | 1,410 | -3.1 | -0.49 | -4.8 | -0.6 |
| Checks converted to ACH payments | 2.7 | 0.62 | 227 | 2.1 | 0.50 | 238 | -0.6 | -0.11 | -8.0 | -6.4 |
| ATM cash withdrawals | 5.8 | 0.69 | 118 | 5.8 | 0.70 | 122 | 0.0 | 0.02 | -0.3 | 0.8 |
Note: Card figures are defined as net, authorized and settled. Figures may not sum because of rounding. CAGR is compound annual growth rate.
1. All ACH on-us figures are preliminary and subject to change. Return to table
2. Checks written is the sum of "check payments" and "checks converted to ACH payments," which uses the check as a source document to initiate the ACH payment. Return to table
Last update: February 16, 2017
