In the U.S., electronic methods of payment account for a larger number of transactions, but a lower aggregate dollar value than non-electronic methods of payment.

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Electronic methods of payment, such as credit and debit card transactions, ACH transfers, and wire transfers, account for both a larger number of transactions and a higher aggregate dollar value than non-electronic methods (like cash or checks) in the U.S. This trend reflects the increasing preference for and efficiency of electronic payments in both retail and commercial transactions.

In the US, Electronic Methods of Payment Account for a Larger Number