The Federal Reserve has released detailed data about card payments and alternative payment methods by consumers and businesses in the United States for 2021 and 2022. The release includes new information about credit card, non-prepaid debit card, and prepaid debit card payments as well as alternative payment methods and systems in the calendar years 2021 and 2022. Among other findings, the study indicates that general-purpose card payments grew 6.0% by volume (reaching 153.3 billion transactions) and 10.5% by value (reaching $9.76 trillion), in line with the growth trajectory from 2018 to 2021.

Click Read More below to see the complete Take on Payments blog from Fed Atlanta and to access the full study results.