• Print
  • Email

Economic Perspectives, Vol. 26, 3rd, No. 3, October 2002
Why do we use so many checks?
The primary question we address in this article is why consumers, merchants, and financial institutions are reluctant to embrace electronic payments even though electronic payment networks, such as the credit card and automated clearinghouse (ACH) networks, have existed for more than 25 years. While most Internetbased transactions are primarily processed via credit card networks, most noncash off-line payments by both consumers and businesses in the United States are made with checks.
Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2024. All rights reserved.

Please review our Privacy Policy | Legal Notices