The payment survey which the Federal Reserve Bank does every three years will cover more ofthe payments industry than it has in previous years, the Fed'sRetail Payment's Office has announced.

“While the Federal Reserve's 2013 Payments Study will continueto build upon trend information gathered in previous studies, thisyear's study casts a broader net across the evolving paymentslandscape,” said Jim McKee, RPO senior vice president and thestudy's executive sponsor.

“The 2013 study will provide additional data on electronicpayment methods, cash deposit and withdrawal information and, forthe first time, limited third-party fraud information, in an effortto provide the industry with further insight on emerging trends,”McKee said.

The 2013 Federal Reserve Payments Study consists of three surveyefforts commissioned to estimate the annual number, dollar valueand composition of retail noncash payments in the United States,the RPO said.

Taken together, the RPO said, the surveys will provide aggregateestimates and current trends in the use of payment instruments byU.S. consumers and businesses.

In previous years, the study has documented significant changesin the U.S. payments system over time, such as the continuingdecline in the use of checks and growing use of electronicpayments; the growth in automated clearinghouse and electronicbanking transactions, and the use of credit cards, debit cards andstored value cards.

“The industry-wide participation in past studies has beenextensive, appreciated and necessary in allowing us to continue tooffer meaningful results,” McKee said. “We hope to continue togarner robust industry support in this mutually beneficialeffort.”