Tag: Cards

5 Trends Bankers Need To Know From The Fed’s New Payment Study

RETHINKING PAYMENTS
RETHINKING PAYMENTS

Last month, the Federal Reserve released its 7th, tri-annual U.S. payments study, and, as usual, it had some eye-opening trends that all banks need to consider for their long-term strategic planning. For example, while consumers have always said they preferred debit cards over cash, last year was the first year in US history where consumers used their debit cards (28% of all transactions) more than they used cash (26% of all transactions).

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