Two Fed studies to assess U.S. check writing, e-payment habits.

Financial Update, January, 2004

The Federal Reserve is conducting two studies this year to gain information on check writing and electronic payments in the United States. One study, which began in January, is calculating the number and value of electronic payments, and the other, to be conducted in late spring, will tally the same data with checks. Both studies build on information the Fed gathered in 2001, when it conducted three studies of the nation's usage of checks and electronic payments.

The new studies' results, which will be released later this year, should help financial institutions understand and plan for a payment system in transition and make better-informed decisions about future investments in their payment technology. Comparing the 2004 studies' results with those from 2001...

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