It's been three long years since the Federal Reserve published its previous payments study. A lot has changed in the payments world since 2004 and the latest study results confirm what we've all been experiencing: electronic payment is now dominant.

At the time of the the last study – 2003 – the number of electronic and paper payments were roughly equal. Now, more than two-thirds of payments are electronic.

Press Release
Summary Report (complete results will be published in early 2008)