This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
01/06/2020
New Fed Data Underscores How Far Electronic Payments Have Eaten Into Checks
Digital Transactions
It’s no secret that electronic payment methods have systematically eaten away at check volume in the United States, but now new data from the Federal Reserve shows just how far that trend has gone.
A total of 16 billion checks were written in 2018 for a total value of $26.2 trillion, according to the Fed’s latest Payments Study, released in December. That’s down from 20.2 billion and $29.68 trillion in 2015, the last year of the Fed’s previous triennial study.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more informationResources
Your electronic library to help in fighting financial fraud for all of our partners.
more information