Notes on the NPIPS Detailed Data, 2015-2022

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Notes on the NPIPS Detailed Data, 2015-2022

Sources

The Federal Reserve Payments Study (FRPS) produces national estimates of the number and value of noncash payments via the Depository and Financial Institutions Payments Survey (DFIPS) and the Networks, Processors, and Issuers Payments Surveys (NPIPS), and is supplemented by other information collected by the Federal Reserve. The information presented in the detailed tables of this release includes survey data collected in the NPIPS.

For 2021, NPIPS surveys were sent to 105 of the applicable payment organizations, comprising a census of known processors for each category of payments. Surveys were returned by 51 payment organizations. For 2022, NPIPS surveys were sent to 67 of the applicable payment organizations, comprising a census of known processors for each category of payments. Surveys were returned by 37 payment organizations. Estimates for each payment type were based on constructing a complete census of reported or estimated data for relevant organizations and adding up the totals.

Other information used to augment the survey data is from Federal Reserve internal files and in the public domain.

The FRPS website contains further information on the study, including the reports, survey instruments, and glossaries.

Important Data Considerations

Revised data in this release supersede previously published data.

Contact

For questions or comments, or to be added to the FRPS mailing list, please contact: [email protected].

Data Tables

General Information

Scope	Unless specified, FRPS volumes include all noncash payments from accounts domiciled in the United States, including cross-border payments from those accounts. Some specific items—cross-border payments to U.S. payees from non-U.S. payers—cover cross-border payments from foreign accounts made in the United States. Some card payment totals include transactions involving cash (such as a cash-back transaction from a debit card, or a cash-advance transaction from a credit card). Volumes are defined to include all payments made by consumers and businesses, including for-profit and non-profit enterprises and federal, state, and local government agencies.
Time period	NPIPS data reported in this release are based on estimates from the surveys conducted for each of the eight years from 2015 to 2022. All estimates are for the calendar year with the exception of a set of quarterly estimates for general-purpose (GP) card payments for 2020, 2021, and 2022.
Metrics	Number of payments, value of payments, average value of payments Rates of change, calculated as compound annual growth rates (CAGRs) or simply annual growth rates (AGRs)

Table 1. GP Card Payments

Description	Sum of data available for the general-purpose card types, including non-prepaid debit, general-purpose prepaid debit, and general-purpose credit
Contents	Payments with U.S. cards Cross-border payments to U.S. payees with non-U.S. cards
Allocations	Channel: in person and remote In person channel: Authentication method: chip and no chip Chip authentication method: contact and contactless PIN and no PIN Remote channel: Mail-order/telephone-order, internet purchase, recurring/installment, and other Payee location: domestic and cross-border Cross-border location: in person and remote Payer type: consumer and business Transaction value range
Notes	Chip-authenticated payments include both those that use the EMV specification and those that do not. Chip-authenticated payments can be made with debit or credit cards or tokens that contain computer microchips or with digital wallets on mobile devices.
Sources	NPIPS

Table 2. GP Debit Card Payments

Description	Sum of data available for the general-purpose debit card types, including non-prepaid debit and general-purpose prepaid debit
Contents	Payments with U.S. cards Cross-border payments to U.S. payees with non-U.S. cards
Allocations	The same allocations as GP card payments (above).
Notes	Non-prepaid debit cards are the type of general-purpose debit cards associated with transaction or traditional “checking” accounts.
Sources	NPIPS

Table 3. Non-prepaid Debit Card Payments

Description	Non-prepaid debit card transactions
Contents	Payments with U.S. cards Cross-border payments to U.S. payees with non-U.S. cards
Allocations	The same allocations as GP card payments (above).
Notes	Although the term “general-purpose” is dropped when referring to these cards, non-prepaid debit cards are the type of general-purpose debit cards associated with transaction or traditional “checking” accounts. All non-prepaid debit card transactions are general-purpose transactions.
Sources	NPIPS

Table 4. GP Prepaid Debit Card Payments

Description	General-purpose prepaid debit card transactions
Contents	Payments with U.S. cards Cross-border payments to U.S. payees with non-U.S. cards
Allocations	In addition to allocations for GP card payments (above): Account type: reloadable and non-reloadable
Notes	GP prepaid debit cards share the same networks as non-prepaid debit cards.
Sources	NPIPS

Table 5. GP Credit Card Payments

Description	General-purpose credit card transactions
Contents	Payments with U.S. cards Cross-border payments to U.S. payees with non-U.S. cards
Allocations	The same allocations as GP card payments (above).
Notes	Payments made at merchants cobranded with the issuer and network on some cards are not sent through the card network. These payments are processed internally by the card issuer, reported separately, and not included in the network totals.
Sources	NPIPS

Table 6. PL Prepaid & EBT Card Payments

Description	Private-label (PL) prepaid debit and electronic benefits transfer (EBT) card transactions
Contents	PL prepaid debit card transactions EBT card transactions
Allocations	Channel: in person and remote Card type: reloadable and non-reloadable
Notes	Private-label prepaid debit cards include cards used on proprietary networks for purchases at specific merchants and EBT cards used to provide government assistance.
Sources	NPIPS

Table 7. PL Credit Card Payments

Description	Private-label credit card transactions
Contents	PL credit card transactions
Allocations	Channel: in person and remote In person methods: merchant-issued card or token, mobile app, and other Payer type: consumer and business
Notes	Private-label credit cards include cards used on proprietary networks for purchases at specific merchants.
Sources	NPIPS

Table 8. Alternative Payments

Description	Payments initiated via alternative payment methods and systems
Contents	Person-to-person (P2P) and money transfers Online bill payments Walk-in bill payments Private-label ACH debit card payments Cash-back at the point of sale Adjustments and returns Denials Payments using online payment authentication methods Mobile wallet payments
Allocations	Private-Label ACH Debit Card Processors Adjustments and returns: ACH returns and other Online Payment Authentication Methods Processors Authentication method: redirected from the merchant or biller site, secure online prepaid/escrow account, token vault, and other Redirected from the merchant or biller site method: normal and delayed/instant credit Mobile Wallet Processors Channel: purchase, person-to-person (P2P), and other Purchase channel: in person and remote In person channel: Radio transmission RFID/NFC and Optical barcode/QR code
Notes	The consolidated P2P and MT category includes payments using traditional money transfer providers, mobile P2P apps, platforms used by banks for online money transfers, and card-based P2P systems. Payments initiated via alternative payment methods and systems require clearing and settlement through another payment type, typically via the ACH system or a general-purpose card network. Mobile wallets are digital wallets on mobile devices.
Sources	NPIPS

Table 9. GP Card Payments – Quarterly

Description	Sum of quarterly data available for the general-purpose card types, including non-prepaid debit, general-purpose prepaid debit, and general-purpose credit
Contents	GP card payments Debit card payments Non-prepaid debit card payments GP prepaid debit card payments GP credit card payments
Allocations	Channel: in person and remote In person channel: Authentication method: chip and no chip Chip authentication method: contact and contactless PIN and no PIN
Notes	Quarterly data are only available for calendar years 2020, 2021, and 2022. Chip-authenticated payments include both those that use the EMV specification and those that do not. Chip-authenticated payments can be made with debit or credit cards or tokens that contain computer microchips or with digital wallets on mobile devices.
Sources	NPIPS

Last Update: November 13, 2024