Federal Reserve Payments Study (FRPS)
Accessible Version
Figure 1. Trends in noncash payments, by number, 2000-17
Billions
| Period | Checks | ACH debit transfers | ACH credit transfers | Credit cards | Non-prepaid debit cards | Prepaid debit cards |
|---|---|---|---|---|---|---|
| 2000 | 42.6 | 2.1 | 3.9 | 15.6 | 8.3 | ND |
| 2001 | 41.3 | 2.8 | 4.1 | 16.7 | 10.7 | ND |
| 2002 | 39.9 | 3.5 | 4.4 | 17.8 | 13.2 | ND |
| 2003 | 38.6 | 4.2 | 4.6 | 19.0 | 15.6 | ND |
| 2004 | 36.5 | 5.7 | 5.0 | 19.9 | 18.7 | ND |
| 2005 | 34.3 | 7.2 | 5.5 | 20.8 | 21.9 | ND |
| 2006 | 32.2 | 8.7 | 6.0 | 21.7 | 25.0 | 3.3 |
| 2007 | 30.1 | 9.6 | 6.5 | 21.7 | 29.3 | 4.2 |
| 2008 | 27.9 | 10.5 | 7.1 | 21.6 | 33.6 | 5.1 |
| 2009 | 25.8 | 11.4 | 7.7 | 21.6 | 37.9 | 6.0 |
| 2010 | 23.8 | 11.7 | 8.0 | 23.3 | 41.0 | 7.1 |
| 2011 | 21.8 | 11.9 | 8.3 | 25.1 | 44.1 | 8.2 |
| 2012 | 19.7 | 12.1 | 8.6 | 26.8 | 47.3 | 9.3 |
| 2013 | 19.2 | 12.7 | 9.1 | 29.1 | 50.4 | 9.9 |
| 2014 | 18.7 | 13.3 | 9.5 | 31.4 | 53.5 | 10.6 |
| 2015 | 18.1 | 13.9 | 10.0 | 33.7 | 56.6 | 11.2 |
| 2016 | 16.9 | 14.8 | 10.6 | 37.2 | 60.4 | 11.8 |
| 2017 | 15.7 | 15.7 | 11.2 | 40.8 | 66.8 | 13.1 |
| 2018 | 14.5 | 16.6 | 11.9 | 44.7 | 72.7 | 13.8 |
Note: All estimates are on a triennial basis. Card payments were also estimated for 2016 and 2017. Credit card payments include general-purposeand private-label versions. Prepaid debit card payments include general-purpose, private-label, and electronic benefits transfer (EBT) versions. Estimates for prepaid debit card payments are not displayed for 2000 and 2003 because only EBT was collected.
Figure 2. Trends in noncash payments, by value, 2000-18
Trillions of dollars
| Period | Checks | ACH Debit Transfers | ACH Credit Transfers | Credit cards | Non-prepaid debit cards | Prepaid debit cards |
|---|---|---|---|---|---|---|
| 2000 | 40.30 | 9.24 | 8.62 | 1.28 | 0.35 | ND |
| 2001 | 40.48 | 10.12 | 9.83 | 1.41 | 0.44 | ND |
| 2002 | 40.67 | 11.00 | 11.03 | 1.54 | 0.54 | ND |
| 2003 | 40.86 | 11.87 | 12.23 | 1.68 | 0.63 | ND |
| 2004 | 41.06 | 12.35 | 14.06 | 1.83 | 0.74 | ND |
| 2005 | 41.27 | 12.84 | 15.88 | 1.97 | 0.86 | ND |
| 2006 | 41.47 | 13.32 | 17.70 | 2.12 | 0.97 | 0.08 |
| 2007 | 39.00 | 13.89 | 19.18 | 2.06 | 1.13 | 0.10 |
| 2008 | 36.54 | 14.46 | 20.66 | 1.99 | 1.29 | 0.12 |
| 2009 | 34.07 | 15.03 | 22.14 | 1.92 | 1.46 | 0.14 |
| 2010 | 31.79 | 16.23 | 23.93 | 2.13 | 1.60 | 0.17 |
| 2011 | 29.50 | 17.44 | 25.72 | 2.34 | 1.73 | 0.20 |
| 2012 | 27.21 | 18.65 | 27.51 | 2.55 | 1.87 | 0.23 |
| 2013 | 27.87 | 18.97 | 29.16 | 2.71 | 1.97 | 0.25 |
| 2014 | 28.53 | 19.28 | 30.82 | 2.88 | 2.07 | 0.27 |
| 2015 | 29.18 | 19.60 | 32.48 | 3.05 | 2.18 | 0.29 |
| 2016 | 28.05 | 20.83 | 35.28 | 3.27 | 2.31 | 0.29 |
| 2017 | 26.93 | 22.06 | 38.07 | 3.60 | 2.47 | 0.30 |
| 2018 | 25.80 | 23.28 | 40.87 | 3.98 | 2.75 | 0.35 |
Note: All estimates are on a triennial basis. Card payments were also estimated for 2016 and 2017. Credit card payments include general-purposeand private-label versions. Prepaid debit card payments include general-purpose, private-label, and electronic benefits transfer (EBT) versions. Estimates for prepaid debit card payments are not displayed for 2000 and 2003 because only EBT was collected.
Figure 3. Trends and distribution of remote and in-person general-purpose card payments, by number, 2012-18
Billions
| Period | In-person | Remote |
|---|---|---|
| 2012 | 63.0 | 11.8 |
| 2013 | 66.2 | 14.3 |
| 2014 | 69.5 | 16.7 |
| 2015 | 72.7 | 19.2 |
| 2016 | 76.7 | 22.4 |
| 2017 | 82.2 | 27.6 |
| 2018 | 86.1 | 33.5 |
Note: Key identifies bars in order from bottom to top
Return to textFigure 3. Trends and distribution of remote and in-person general-purpose card payments, by number, 2012-18
Percent
| Period | In-person | Remote |
|---|---|---|
| 2012 | 84.2 | 15.8 |
| 2013 | 82.3 | 17.7 |
| 2014 | 80.6 | 19.4 |
| 2015 | 79.1 | 20.9 |
| 2016 | 77.4 | 22.6 |
| 2017 | 74.9 | 25.1 |
| 2018 | 72.0 | 28.0 |
Note: Key identifies bars in order from bottom to top
Return to textFigure 4. Trends and distribution of remote and in-person general-purpose card payments, by value, 2012-18
Trillions of dollars
| Period | In-person | Remote |
|---|---|---|
| 2012 | 2.82 | 1.43 |
| 2013 | 2.86 | 1.69 |
| 2014 | 2.90 | 1.94 |
| 2015 | 2.93 | 2.19 |
| 2016 | 3.03 | 2.43 |
| 2017 | 3.16 | 2.79 |
| 2018 | 3.30 | 3.29 |
Note: Key identifies bars in order from bottom to top
Return to textFigure 4. Trends and distribution of remote and in-person general-purpose card payments, by value, 2012-18
Percent
| Period | In-person | Remote |
|---|---|---|
| 2012 | 66.3 | 33.7 |
| 2013 | 62.9 | 37.1 |
| 2014 | 59.9 | 40.1 |
| 2015 | 57.2 | 42.8 |
| 2016 | 55.4 | 44.6 |
| 2017 | 53.1 | 46.9 |
| 2018 | 50.1 | 49.9 |
Note: Key identifies bars in order from bottom to top
Return to textFigure 5. Trends in remote general-purpose card payments, by number and value, 2015-18
Number, billions
| Period | Mail-/telephone-order | E-commerce | Recurring/Installment | Other |
|---|---|---|---|---|
| 2015 | 2.7 | 11.8 | 3.4 | 1.3 |
| 2016 | 2.6 | 13.5 | 4.0 | 2.3 |
| 2017 | 2.6 | 17.0 | 4.7 | 3.3 |
| 2018 | 2.7 | 21.1 | 5.8 | 3.9 |
Figure 5. Trends in remote general-purpose card payments, by number and value, 2015-18
Value, trillions of dollars
| Period | Mail-/telephone-order | E-commerce | Recurring/Installment | Other |
|---|---|---|---|---|
| 2015 | 0.60 | 1.20 | 0.23 | 0.17 |
| 2016 | 0.56 | 1.27 | 0.26 | 0.34 |
| 2017 | 0.58 | 1.44 | 0.29 | 0.49 |
| 2018 | 0.63 | 1.75 | 0.35 | 0.56 |
Figure 6. In-person chip and no chip, with PIN or without PIN, general-purpose card payments, by number and value, 2015 and 2018
Number, billions
| Period | Chip | No chip |
|---|---|---|
| 2015 | 1.4 | 71.3 |
| 2016 | 14.7 | 62.0 |
| 2017 | 34.2 | 48.0 |
| 2018 | 48.8 | 37.3 |
Note: In-person, with PIN or without PIN, general-purpose card payments data were not collected for 2016 and 2017. Key identifies bars in orderfrom bottom to top.
Figure 6. In-person chip and no chip, with PIN or without PIN, general-purpose card payments, by number and value, 2015 and 2018
Number, billions
| Period | Chip & PIN | Chip & No PIN | No chip & PIN | No chip & No PIN |
|---|---|---|---|---|
| 2015 | 0.1 | 1.3 | 16.7 | 54.5 |
| 2018 | 17.8 | 31.0 | 8.5 | 28.8 |
Note: In-person, with PIN or without PIN, general-purpose card payments data were not collected for 2016 and 2017. Key identifies bars in orderfrom bottom to top.
Figure 6. In-person chip and no chip, with PIN or without PIN, general-purpose card payments, by number and value, 2015 and 2018
Value, trillions of dollars
| Period | Chip | No chip |
|---|---|---|
| 2015 | 0.10 | 2.84 |
| 2016 | 0.81 | 2.22 |
| 2017 | 1.63 | 1.54 |
| 2018 | 2.15 | 1.14 |
Note: In-person, with PIN or without PIN, general-purpose card payments data were not collected for 2016 and 2017. Key identifies bars in orderfrom bottom to top.
Figure 6. In-person chip and no chip, with PIN or without PIN, general-purpose card payments, by number and value, 2015 and 2018
Value, trillions of dollars
| Period | Chip & PIN | Chip & No PIN | No chip & PIN | No chip & No PIN |
|---|---|---|---|---|
| 2015 | 0.01 | 0.09 | 0.64 | 2.19 |
| 2018 | 0.72 | 1.43 | 0.27 | 0.88 |
Note: In-person, with PIN or without PIN, general-purpose card payments data were not collected for 2016 and 2017. Key identifies bars in orderfrom bottom to top.
Figure 7. Network and on-us ACH credit transfers originated and debit transfers received, by number and value, 2003-18
Number, billions
| Period | Network credits | Network debits | On-us credits | On-us debits |
|---|---|---|---|---|
| 2003 | 4.1 | 3.4 | 0.5 | 0.8 |
| 2006 | 5.1 | 7.2 | 0.8 | 1.5 |
| 2009 | 6.2 | 9.2 | 1.5 | 2.3 |
| 2012 | 6.9 | 9.8 | 1.7 | 2.3 |
| 2015 | 8.0 | 11.3 | 2.0 | 2.7 |
| 2018 | 9.5 | 13.4 | 2.4 | 3.2 |
Figure 7. Network and on-us ACH credit transfers originated and debit transfers received, by number and value, 2003-18
Value, trillions of dollars
| Period | Network credits | Network debits | On-us credits | On-us debits |
|---|---|---|---|---|
| 2003 | 10.85 | 9.85 | 1.39 | 2.03 |
| 2006 | 15.16 | 11.23 | 2.54 | 2.09 |
| 2009 | 17.91 | 12.04 | 4.23 | 2.99 |
| 2012 | 22.64 | 14.24 | 4.86 | 4.41 |
| 2015 | 26.78 | 14.86 | 5.70 | 4.74 |
| 2018 | 33.42 | 17.83 | 7.45 | 5.45 |
Figure 8. Trends in checks written, by number and value, 2000-18
Number, billions
| Period | Converted to ACH | On-us | Interbank |
|---|---|---|---|
| 2000 | 0.0 | 12.0 | 30.6 |
| 2003 | 0.3 | 9.0 | 29.6 |
| 2006 | 2.6 | 6.6 | 25.6 |
| 2009 | 3.3 | 6.3 | 19.5 |
| 2012 | 2.7 | 5.6 | 14.1 |
| 2015 | 2.1 | 4.5 | 13.6 |
| 2018 | 1.5 | 3.5 | 11.0 |
Figure 8. Trends in checks written, by number and value, 2000-18
Value, trillions of dollars
| Period | Converted to ACH | On-us | Interbank |
|---|---|---|---|
| 2000 | 0.00 | 16.43 | 23.87 |
| 2003 | 0.06 | 13.03 | 27.83 |
| 2006 | 0.70 | 11.91 | 29.56 |
| 2009 | 0.75 | 11.18 | 22.89 |
| 2012 | 0.62 | 9.77 | 17.44 |
| 2015 | 0.50 | 7.90 | 21.29 |
| 2018 | 0.40 | 6.82 | 18.98 |
Figure 9. On-us and foreign ATM cash withdrawals, by number and value, 2003-18
Number, billions
| Period | On-us | Foreign |
|---|---|---|
| 2003 | 3.5 | 2.4 |
| 2006 | 3.6 | 2.3 |
| 2009 | 3.8 | 2.1 |
| 2012 | 3.9 | 1.9 |
| 2015 | 3.3 | 1.9 |
| 2018 | 3.4 | 1.7 |
Note: On-us ATM cash withdrawals are from accounts held by the ATM sponsor, while foreign ATM cash withdrawals are (a term of art for) from accounts held by an institution other than the ATM sponsor. Foreign ATM cash withdrawals often include transaction fees, while on-us ATM cashwithdrawals often do not.
Figure 9. On-us and foreign ATM cash withdrawals, by number and value, 2003-18
Value, trillions of dollars
| Period | On-us | Foreign |
|---|---|---|
| 2003 | 0.31 | 0.19 |
| 2006 | 0.38 | 0.20 |
| 2009 | 0.44 | 0.21 |
| 2012 | 0.49 | 0.20 |
| 2015 | 0.53 | 0.23 |
| 2018 | 0.58 | 0.21 |
Note: On-us ATM cash withdrawals are from accounts held by the ATM sponsor, while foreign ATM cash withdrawals are (a term of art for) from accounts held by an institution other than the ATM sponsor. Foreign ATM cash withdrawals often include transaction fees, while on-us ATM cashwithdrawals often do not.