Roswell, GA -- (SBWIRE) -- 01/25/2017 -- A grand total of 144 billion USD non-cash payments were made in 2015, which is a 5% increase from 2012.
Per several sources, the amount of money transferred with non-cash methods was around 178 trillion USD. These numbers mean that credit and debit cards are becoming more and more popular. The growing popularity and usage is not only awarded to the digital payment methods, but also to the traditional cash methods, which also increased in usage by 12 billion USD in only three years' time.
On the other hand, card-not-present payments (also known as, remote payments) were responsible for 19% in 2015's total digital payments, which is less than what it was in 2012 (4% less to be exact). The usage of chip based cards increased to 230% in three years' time, initializing just three months after the EMV chip card liability shifts were established. Along with this change, fraud became less frequent, decreasing from 46% to 19%. Since the shifts took place recently, a more complete analysis will be released in 2017.
ACH-type payments grew to 23.5 billion USD in value. It's annual growth rate lies within a 4% to 4.9% yearly increase since 2012.
Another recent study shows that the check payment method has slowed down at a 4.4% rate every year for the past decade, being used by 0.5% of the population from 2012 to 2015.
Although not mandated, Netcom PaySystem can provide state of the art EMV ready equipment. Anybody who would like to learn more about Netcom PaySystem is welcome to visit the company's website; there, they can read about their wide variety of outstanding merchant services that they provide.
To learn more about Netcom PaySystem payment processing solutions, simply fill out a quick online application at http://www.netcompaysystem.com to get started and a representative will be in contact within 24-48 hours or for faster service please feel free to contact us at 800-875-6680.
Media Contact
Company Name: Netcom PaySystem
Contact Person: Media Relations
Email: sales@netcompaysystem.net
Phone: 800-875-6680
Country: United States
Website: http://www.netcompaysystem.com