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Federal Reserve Payments Study Infographic

Posted by Kevin Walli on Thu, Jul 03, 2014 @ 10:00 AM

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CrossCheck analyzed the most recent Federal Reserve Payments Study and constructed this infographic. 

Federal Reserve Payments Study Infographic

Accepting Payments 101: Increase Sales

 

  • The value of checks written in 2012 = $26 Trillion
  • The value of unauthorized check transactions in 2012 = $1 Billion
  • The average per check payment increased from $1,103 to $1,420 in 2012
  • The average value of checks returned unpaid increased from $1,001 in 2009 to $1,222 in 2012
  • The annual increase in per check amount, since Americans prefer making large purchases with checks = 3.2%
  • The % of all non-cash payments made with checks = 33%
  • The # of checks deposited electronically = 1 in 6
  • The # of checks deposited in 2012 = 19.4 Billion
  • The % of checks deposited as images deposited with a smart phone = 48%
  • The average per swipe of a plastic card decreased from $66 in 2009 to $55 in 2012