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Card payments, automated clearinghouse system continue to grow, Federal Reserve study says

( December 19, 2019, 18:09 GMT | Official Statement) -- MLex Summary: Debit and credit payments and the automated clearinghouse system have continued to grow from 2015 to 2018, while check payments continued to decline, said the US Federal Reserve report on payments data. "These core noncash payment types have retained their ability to be used in traditional ways even while they increasingly function as the means of settlement for innovative types of alternative payment methods and services, such as smartphone and internet-based services," the report said. Statement follows in full. See document attached. ...

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