Payments made by electronic direct deposit now comprise over 50 percent of all transactions in the U.S.

Name: Payments made by electronic direct deposit now comprise over 50 percent of all transactions in the U.S.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As of the latest data available up to October 2023, electronic direct deposits are widely used, but they do not comprise over 50 percent of all transactions in the U.S. Other forms of transactions, such as credit/debit card payments and cash, still make up a significant portion.

Payments Made by Electronic Direct Deposit Now Comprise Over 50