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Focus on Payments : Audio : Debit Cards Surpass Checks, Credit Cards Decline for First Time

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Focus on Payments : Audio : Debit Cards Surpass Checks, Credit Cards Decline for First Time

DATE: December 29, 2010

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ABSTRACT: Rich Oliver, executive vice president at the Atlanta Fed, discusses the recent Board of Governors payments study. He says that although the study revealed no big surprises, it did confirm what experts had suspected: Americans now use their debit cards more than they write checks.

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Federal Reserve Bank of Atlanta. "Focus on Payments : Audio : Debit Cards Surpass Checks, Credit Cards Decline for First Time," Financial Update Focus (December 29, 2010). https://fraser.stlouisfed.org/title/7184/item/656086/content/mp3/frbatl_financialUpdateFocus_20101229-debit-cards-surpass-checks-credit-cards-decline-for-first-time, accessed on May 13, 2025.

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DIGITAL COPY SOURCE: Federal Reserve Bank of Atlanta

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