On July 1, the Fed issued initial findings from its 2025 triennial payments study, showing that the total number of noncash payments made by U.S. consumers and businesses rose to 236.6 billion in 2024, an increase of 31.9 billion since 2021 and the largest three-year increase since the study began estimating noncash payment volumes in 2000. The total value of noncash payments reached $140.01 trillion in 2024, up $10.37 trillion from 2021. Cards accounted for 79 percent of noncash payments by number in 2024, up from 77 percent in 2021, while representing only 8 percent of noncash payments by total value. Debit cards made up 64 percent of all card payments by number in 2024, down from 68 percent in 2021, while credit card payments rose to 67.1 billion, up 16.2 billion from 2021 — marking the first three-year period since 2000 in which credit card payments grew faster than debit card payments. According to the topline data, ACH payments reached nearly three-quarters of noncash payments by value in 2024, up from 72 percent in 2021, while check payments and ATM cash withdrawals both continued to decline by volume and value.