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Home > Industry Analysis > Research & Analysis > FDIC Banking Review |
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FDIC Banking Review |
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Table 1 The Use of Checks Has Declined While the Use of Retail Electronic Payments Has Increased |
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| Type of Payment | 1979 | 1995 | 2000 |
|---|---|---|---|
| Number (billions) | |||
| Check | 32.8 | 49.5 | 42.5 |
| Retail Electronic Payments | 5.5 | 14.7 | 28.9 |
| Debit Card | 0 | 1.4 | 8.3 |
| Credit Card | |||
| General Purpose | 1.5 | 7.8 | 12.3 |
| Private Label | 3.8 | 2.6 | 2.7 |
| Retail ACH | 0.2 | 2.8 | 5.6 |
| Source: George R. Gerdes and Jack K. Walton II, The Use of Checks and Other Noncash Payment Instruments in the United States, Federal Reserve Bulletin 88, no.8 (August 2002), 361. | |||
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Last Updated 10/29/2004 | Questions, Suggestions & Requests |