Federal Reserve (FED) · Federal Reserve
The study shows that the total number of noncash payments made by consumers and businesses increased to 236.6 billion
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Overall, the number of noncash payments more than tripled since 2000.
Key facts
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- The study shows that the total number of noncash payments made by consumers and businesses increased to 236.6 billion in 2024
- The triennial study has been conducted every three years since 2001 with annual supplements since 2017
- The Federal Reserve on Wednesday issued initial findings from its 2025 triennial payments study
Summary
For release at 2:30 p.m. The Federal Reserve on Wednesday issued initial findings from its 2025 triennial payments study. The study shows that the total number of noncash payments made by consumers and businesses increased to 236.6 billion in 2024. Payments using the ACH system continued to account for most noncash payments by value. The Federal Reserve Payments Study is a collaborative effort of the Federal Reserve Bank of Atlanta and the Federal Reserve Board.