Go to the BIS website at www.bis.org/statistics/payment_stats.htm and find the most recent data on the volume and value of payment system transactions in the United States (Table 17–1) using the following steps. Click on “BIS Statistics Explorer.” Click on “United States.” This will bring Table 5 which contains volume of cashless payments and Table 6 which contains value of cash less payments. How have these numbers changed since 2019?

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TABLE 17-1 Volume and Value of Cashless Payments in the United States Source: BIS Statistics Explorer, Payments and financial market structures, December 2021, https://stats.bis.org/statx/toc/ CPMI.html 2015 Volume Value $ Billions Percent $ Billions Percent Credit transfers 10 7.5 32,476 37.6 Direct debits 14 10.4 19,602 22.7 Checks 13 13.4 29,184 33.8 Card and e-money payments: Card with a debit function 57 42.5 2,176 2.5 Card with a credit function 31 23.1 2,303 3.2 E-money payments 4 3.0 148 0.2 Total 134 100 36,389 100 2019 Credit transfers 13 Direct debits 13 Checks www 7.5 44,292 43.0 10.4 25,586 24.9 13 7.5 25,334 25.1 Card and e-money payments: 0.0 Card with a debit function 78 45.1 3,026 2.9 Card with a credit function 44 25.4 3,964 3.9 E-money payments 7 4.0 221 0.2 Total 173 100.0 102,923 100