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The growth of paperless money: retail payments in the United States continue to evolve

Author

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  • T. Stuart Desch
  • Kiran Krishnamurthy

Abstract

The use of electronic payment methods has increased rapidly over the last decade. Recent studies shed greater light on the forms these payments are taking ? and why checks still serve a vital function for certain transactions.

Suggested Citation

  • T. Stuart Desch & Kiran Krishnamurthy, 2009. "The growth of paperless money: retail payments in the United States continue to evolve," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Jun.
    • Handle: RePEc:fip:fedreb:y:2009:i:jun:n:09-06
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    Keywords

    Banks and banking; Payment systems;

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