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The Green Sheet

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Digital Check Digital Check

The Disappearing Check - Part 2 & 3



Check use in the United States has been on the decline for years, as other more modern forms of payment – credit cards, debit cards, prepaid, and ACH – have taken off in popularity. If the current rate of decline keeps up, the number of checks written per year will drop to zero by 2021. Will it really happen?
 
In our previous white paper, The Disappearing Check: How Long Until the End?, we predicted that the decline would slow down, based on a number of factors that would make the last remaining checks harder to eliminate. But the last “official” check usage figures from the government are from 2012, and a lot has happened in the meantime.

In this paper, we examine recent and historical trends in payments to determine whether the decline of the check is indeed slowing, and if so, by how much.



Click here to download the whitepaper

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