Wednesday, April 09, 2014

Payment Choice by State

A study of 2 billion retail transactions at a discount chain with thousands of stores reveals differences by state in the frequency with which customers pay with cash, debit cards, credit cards, or checks. Here are the states in which customers are most likely to use...

Cash: New Jersey
Debit: Arizona
Credit: Minnesota
Check: South Dakota

Source: Federal Reserve Bank of Richmond, Payment Choice and the Future of Currency: Insights from Two Billion Retail Transactions

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