That point can be reinforced by examining the behaviour of credit and money over time. What Has Money Been Doing and Why? https://www.rba.gov.au/speeches/2018/sp-ag-2018-09-19.html  7/16  20/09/2018  Money – Born of Credit?
The Federal Reserve is in the process now of planning to collect data from which to help estimate the annual volume of check payments and their value. We are counting on the assistance of the banking industry in this endeavor. Conclusion Overall I have a sense that new energy is flowing into efforts to improve the retail payments system.