Card recently made knowns 12-12-2...

Card recently made knowns

12-12-2001

E-PAYMENTS BEGINNING TO RESHAPE FINANCIAL SERVICES LANDSCAPE

Volume: 16
Number: 24
ISSN: 08940797
Publication Date: 12-12-2001
Page: 1
Type: Periodical
Language: English

Electronic payment in general -- and credit and debit card use in particular - is beginning to steal the roar of cash and checks, late research by the Federal retain System suggested last month. In the first comprehensive studies of the retail payments hypothesis by the Fed in more than 20 years, the central bank's researchers have erect that checks have declined from approximately 85 percent of non-