Recent Payment Trends in the United States
| Noncash payments per capita in selected economies, 2000, 2003, and 2006 | |||||
| Number per capita | |||||
| Year and payment type |
Japan | European Monetary Union1 |
United Kingdom |
Canada | United States |
|---|---|---|---|---|---|
| 2000 | |||||
| Check | 1.8 | 20.2 | 46.1 | 54.0 | 148.3 |
| Electronic | 25.7 | 95.6 | 130.3 | 138.1 | 108.5 |
| 2003 | |||||
| Check | 1.3 | 17.6 | 37.6 | 45.8 | 128.4 |
| Electronic | 29.5 | 122.6 | 168.0 | 174.0 | 152.0 |
| 2006 | |||||
| Check | 1.1 | 15.6 | 29.3 | 40.6 | 102.2 |
| Electronic | 3.9 | 149.9 | 208.7 | 216.3 | 210.1 |
1. The European Monetary Union is made up of Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, The Netherlands, Portugal, and Spain. Cyprus, Malta, and Slovenia joined the EMU after 2006 and were not included in calculations.
Sources: European Central Bank (2007), "Payment and Securities Settlement Systems in the European Union," August; Bank for International Settlements (2008), "Statistics on Payment Systems in the Group of Ten Countries," March; and Federal Reserve Board.