Economic Brief

2009

 

June 2009, No. 09-06

The Growth of Paperless Money: Retail Payments in the United States Continue to Evolve

T. Stuart Desch
Kiran Krishnamurthy

Our Research Focus: Payments and Policy

The use of electronic payment methods has increased rapidly over the last decade. Recent studies shed greater light on the forms these payments are taking — and why checks still serve a vital function for certain transactions.

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Additional Resources

Federal Reserve Studies on the Payments System

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