Though coming for a long time, this seems like a pretty significant event:
Federal Reserve Studies Confirm Electronic Payments Exceed Check Payments for the First Time
Read all about it here.
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Policy Hub: Macroblog provides concise commentary and analysis on economic topics including monetary policy, macroeconomic developments, inflation, labor economics, and financial issues for a broad audience.
Authors for Policy Hub: Macroblog are Dave Altig, John Robertson, and other Atlanta Fed economists and researchers.
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A Watershed For The U.S. Payments System