Federal Reserve Payments Study (FRPS)
Accessible Version
Figure 1. Compound annual growth rates for noncash payments, by number and value, 2012-15, 2015-16
Number of payments
Percent
| 2012-15 | 2015-16 | |
|---|---|---|
| Commercial checks | -3.0 | -3.6 |
| Network ACH | 4.9 | 5.3 |
| GP credit cards | 8.4 | 10.5 |
| PL credit cards | 4.9 | 7.5 |
| Non-prepaid debit cards | 7.7 | 6.8 |
| GP prepaid debit cards | 11.3 | 2.7 |
| PL prepaid debit cards | -0.3 | 5.0 |
| EBT | 1.7 | -4.4 |
Value of payments
Percent
| 2012-15 | 2015-16 | |
|---|---|---|
| Commercial checks | 2.2 | -3.7 |
| Network ACH | 4.1 | 5.1 |
| GP credit cards | 7.3 | 7.0 |
| PL credit cards | 0.2 | -1.6 |
| Non-prepaid debit cards | 6.6 | 6.1 |
| GP prepaid debit cards | 11.1 | 0.7 |
| PL prepaid debit cards | 15.0 | 1.0 |
| EBT | 0.2 | -7.3 |
Note: ACH is automated clearinghouse. GP is general purpose. PL is private label. EBT is electronic benefits transfers. Card payments are defined as net, authorized and settled transactions. The 2015-16 growth rates for commercial checks are based only on information from the largest institutions included in the 2017 Depository and Financial Institutions Payments Survey.
Figure 2. Distribution of remote and in-person general-purpose card payments, by number and value, 2012, 2015, and 2016
Number of payments
Percent
| Remote | In person | |
|---|---|---|
| 2012 | 15.8 | 84.2 |
| 2015 | 20.7 | 79.3 |
| 2016 | 22.2 | 77.8 |
Value of payments
Percent
| Remote | In person | |
|---|---|---|
| 2012 | 33.7 | 66.3 |
| 2015 | 42.9 | 57.1 |
| 2016 | 44.0 | 56.0 |
Note: Card payments are defined as net, authorized and settled transactions.
Figure 3. Growth rates of remote and in-person general-purpose card payments, by number and value, 2015-16
Number of payments
Percent
| Remote | In person | |
|---|---|---|
| Credit cards | 16.6 | 7.9 |
| Non-prepaid debit cards | 14.9 | 5.2 |
| Prepaid debit cards | 12.3 | 0.7 |
Value of payments
Percent
| Remote | In person | |
|---|---|---|
| Credit cards | 9.6 | 4.1 |
| Non-prepaid debit cards | 8.9 | 5.0 |
| Prepaid debit cards | 3.9 | -0.8 |
Note: Card payments are defined as net, authorized and settled transactions.
Figure 4. Average value of remote and in-person general-purpose card payments, by card type, 2012, 2015, and 2016
Dollars
| 2012 | 2015 | 2016 | ||||
|---|---|---|---|---|---|---|
| Remote | In person | Remote | In person | Remote | In person | |
| Credit cards | 170 | 68 | 161 | 60 | 151 | 58 |
| Non-prepaid debit cards | 73 | 35 | 73 | 32 | 69 | 32 |
| Prepaid debit cards | 60 | 32 | 63 | 29 | 59 | 28 |
Note: Card payments are defined as net, authorized and settled transactions.