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Economic Brief

June 2009, No. 09-06

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

T. Stuart Desch and Kiran Krishnamurthy

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.

Additional Resources

Federal Reserve Studies on the Payments System

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