Federal Reserve: Consumers favoring noncash payments other than checks

KANSAS CITY, Mo. – Writing checks is steadily becoming less popular. Indeed, consumers in 2015 wrote nearly two-thirds fewer checks per household than in 2000, according to new data released from the 2016 Federal Reserve Payments Study. The number of checks written per household fell to 7.1 per month in 2015 from 19.3 per month…

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