Federal Reserve Payments Study Shows Card And ACH Payments Up While Checks Down; What About Cash In COVID-19 Times?

LexisNexis ( June 25, 2020, 1:55 PM EDT) -- Governmental entities, businesses, and consumers are doing their best to stay afloat during the coronavirus pandemic. Before the virus hit, the use of cash as a form of payment was steadily declining in favor of the core noncash payment systems consisting of credit cards, debit cards, the Automated Clearing House System (ACH), and of course, the old standby, checks....