TITLE

The March of E-Payments Hits a Big Milestone

PUB. DATE
January 2005
SOURCE
Bank Technology News;Jan2005, Vol. 18 Issue 1, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Americans are using electronic channels more than checks. The Federal Reserve says the number of electronic payment transactions totaled 44.5 billion, compared to 36.7 billion checks in 2003, the latest year for which data is available. The numbers reveal a balance that's permanently shifted away from check writing, and the realization of predictions that people have been making for years. The milestone alone does not immediately validate any electronic-payment product that comes down the pike, nor does it sound a final dirge for paper
ACCESSION #
15789990

 

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