Fed Board, Report: The Federal Reserve Payments Study, 2022 Triennial Initial Data Release
Page(s): 5
Key Findings
“The value of core noncash payments in the United States grew faster from 2018 to 2021 than in any previous FRPS measurement period since 2000.”
“The increase in the value of ACH transfers accounted for more than 90 percent of the rise in noncash payments value from 2018 to 2021.”
“The average value of check payments increased substantially from 2018 to 2021.”