U.S. payments usage study slated

The Federal Reserve Board will conduct its seventh triennial study to examine U.S. payments usage. Financial institutions and payments organizations will receive invitations to participate in the effort. Based on survey data provided by participants, past reports from the studies have documented substantial changes in the aggregate volume and composition of noncash payments in the United States since 2000. Recent reports have also revealed dynamic changes in aggregate payments fraud, automated teller machine withdrawals, and payment authentication methods, among other topics. Data from previous implementations of the Federal Reserve Payments Study are available.