The 2019 Federal Reserve Payments Study: Initial Data Release

Full Report (HTML)

Data Tables (Excel)

The 2019 Federal Reserve Payments Study (FRPS), seventh in a series of triennial studies, found accelerating growth overall in core noncash payments (ACH, cards, checks) from 2015 to 2018 compared to the previous three-years.

The study also found that

Debit and credit card payments grew 8.9 percent per year between 2015 and 2018.

The value of remote general-purpose card payments in 2018 nearly equaled that of in-person payments.

Over half of in-person general-purpose card payments were chip authenticated in 2018, up from 2.0 percent in 2015.

ACH payments grew 6.0 percent per year between 2015 and 2018.

Check payments fell 7.2 percent per year from 2015 to 2018.

Contact

For questions or comments, or to be added to the FRPS mailing list, please contact frpaymentsstudy@frb.gov.