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For the first time, the number of ACH debit transfers has exceeded the number of check payments, according to a new Federal Reserve study. 

The data, released this month, showed that there were 16.6 billion ACH debit transfers in 2018 but only 14.5 billion check payments. Back in 2000, the story was much different: the year’s 2.1 billion ACH debit transfers paled in comparison to its 42.6 billion check payments. 

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Tina Orem


Credit Union Times

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