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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.

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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.

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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

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Figure 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

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Figure 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

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Figure 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

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Figure 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
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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
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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.

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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.

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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.

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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.

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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
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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
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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
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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
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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.

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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.

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Last Update: December 30, 2019