T8: Volume of transactions processed by selected payment systems Source
(millions, unless otherwise stated; total for the year)
Year
«  2018  »
2014 2015 2016 2017 2018
Large-value payment systems
CHIPS
Total gross volume 1109110111113115
Breakdown of 'total gross volume' by instrument type
Credit transfers109110111113115
Direct debitsnapnapnapnapnap
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSsnapnapnapnapnap
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
Concentration ratio in terms of volume (%)navnavnavnavnav
Fedwire Funds Service
Total gross volume 2135143148153158
Breakdown of 'total gross volume' by instrument type
Credit transfers135143148153158
Direct debitsnapnapnapnapnap
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSsnavnavnavnavnav
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
Concentration ratio in terms of volume (%)navnavnavnavnav
NSS
Total gross volume11111
Breakdown of 'total gross volume' by instrument type
Credit transfers11111
Direct debitsnapnapnapnapnap
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSsnavnavnavnavnav
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
Concentration ratio in terms of volume (%)napnapnapnapnap
Retail payment systems
Cheque clearing: Federal Reserve
Total gross volume 35,8995,6045,3875,2944,876
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Cheques5,8995,6045,3875,2944,876
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cyclesnavnavnavnavnav
Cheque clearing: Private
Total gross volume 47,9458,0127,3256,4875,924
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Cheques7,9458,0127,3256,4875,924
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cyclesnavnavnavnavnav
EPN
Total gross volume 58,3048,6949,1499,7109,744
Breakdown of 'total gross volume' by instrument type
Credit transfers3,1143,2603,4643,7143,788
Direct debits5,1905,4355,6855,9965,956
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cyclesnavnavnavnavnav
FedACH
Total gross volume 69,99410,61911,18011,78013,226
Breakdown of 'total gross volume' by instrument type
Credit transfers4,5454,7915,0065,2615,744
Direct debits5,4505,8286,1746,5197,482
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cyclesnavnavnavnavnav
Fast payment systems
Real Time Payments
Total gross volume 7navnavnavnavnav
Breakdown of 'total gross volume' by instrument type
Credit transfersnavnavnavnavnav
Direct debitsnavnavnavnavnav
Chequesnavnavnavnavnav
Card and e-money paymentsnavnavnavnavnav
Other payment instrumentsnavnavnavnavnav
Number of netting cyclesnapnapnapnapnap
 1 CHIPS, the Clearing House Interbank Payments System, is operated by The Clearing House Payments Company L.L.C.. 2 Fedwire Funds Service is operated by the Federal Reserve. 3 The Federal Reserve Payment Study estimated the number of cheques paid in 2012 and 2015; figures for other years are derived from those estimates. 4 The Federal Reserve Payment Study estimated the number of cheques paid in 2012, 2015 and 2018; figures for other years are derived from those estimates. "Total gross volume" calculated as total cheque volume less volume of Federal Reserve cheque clearing and volume of on-us cheques. 5 EPN is operated by The Clearing House Payments Company L.L.C.. "Total gross volume" represents transactions originated on EPN, and includes transfers sent by EPN to FedACH for transmission to the receiving depository institution. The volume of these transfers, expressed in millions, was 3,234.8 in 2013, 3,240.3 in 2014, 3,338.0 in 2015, and 3,475.1 in 2016, 3,704.6 in 2017, and 3,241.8 in 2018. 6 FedACH is operated by the Federal Reserve. "Total gross volume" represents transactions originated on FedACH, and includes transfers sent by FedACH to EPN for transmission to the receiving depository institution. The volume of these transfers, expressed in millions, was 1,249.6 in 2013, 1,308.0 in 2014, 1,431.8 in 2015, 1,562.0 in 2016, and 1,716.1 in 2017, and 2,565.571 in 2018. 7 RTP is a owned and operated by The Clearing House L.L.C..
Sources: Federal Reserve; The Clearing House Payments Company L.L.C. (TCH).