Cash Trends in the Modern World
These days, when we think ‘payments’ we usually think the electronic kind – cards, mobile, online. Roger Replogle, executive vice president and cash product manager in the Federal Reserve System’s Cash Product Office (CPO), thinks about the legacy kind – cash – and its usage within the modern payments environment …
Federal Reserve Payments Study: 2018 Supplement shows accelerated electronic payments growth
This Federal Reserve Payments Study (FRPS) 2018 annual supplement (Off-site) updates data on core noncash payment types and systems that support everyday payments by U.S. consumers and businesses. Among the important findings: Card payments continued to show robust growth from 2016 to 2017, collectively increasing 10.1 percent by number and …
Federal Reserve Payments Study highlights U.S noncash payments fraud rose between 2012 and 2015
The Federal Reserve released its latest payments study fraud report, which details the cost and number of fraudulent payments in the United States. Among the important findings: The 2015 payments fraud rate, by value, was more than 20 percent larger than in 2012, while the 2015 fraud rate, by number, …
Fall 2018 Progress Report Now Available: Payment Improvements Continue to Gain Momentum
We are pleased to announce the release of our Fall 2018 Progress Report (PDF)! The report highlights the important work we’ve completed in collaboration with the industry and next steps we’re taking toward the desired outcomes for speed, security, efficiency, international payments and collaboration as outlined in the Strategies for Improving …
Progress Report Now Available: Review Accomplishments and Look Ahead to Future Plans
Today, we are excited to announce the release of our Spring Progress Report (PDF), which outlines the important work we’ve completed and next steps toward achieving better, safer, faster payments for everyone. As you’ll see in the Spring Progress Report, we had another busy year! Highlights and next steps of …
Examining Market Structure Implications in the Faster Payments Market
Make sure to check out Faster Payments: Market Structure and Policy Considerations (Off-site) – a new working paper by Federal Reserve research staff that explores potential market structures in the new world of faster retail payments. This research aligns with the desired outcome of faster payments outlined in the Strategies …
Fast Facts from the Latest Federal Reserve Payments Study Supplement
The Federal Reserve today released their latest payments study supplement which points to an increase in the use of credit cards in 2016 from 2015. Here are the fast facts: The number of credit card payments grew 10.2 percent in 2016, a marked increase from the 8.1 percent growth experienced …