Statistics, Facts & Such

Losses due to employees using company ATM cards have more than doubled in the last five years, while travel and expense fraud is seven times greater.
Preventing Business Fraud, August, 2000, p94

One hundred forty years ago (in 1860) in the United States, there were 1,562 state chartered banks, and each one of them printed and distributed its own currency. By 1879 there was only $72 in "cold hard cash" backed by gold in existence for each person in the United States.
Smithsonian, September, 2000, p110

97% of federal government salaries, almost 80% of all Social Security and Veteran's payments, and about 50% of all private industry payrolls were direct deposited in 1999.
NACHA, Herndon, VA

Less than 15% of total bills paid were handled by direct bill payment in 1999.
NACHA, Herndon, VA

100 million consumer bills are paid electronically each month, while 1.6 billion payments are made each month by check.
Treasury Strategies, Chicago, IL

Information about the newly designed United States currency has been translated into 21 languages, as well as loaded onto a special web page at www.moneyfactory.com

Consumers in the United States write 18 billion checks every year, accounting for over 1/3 of retail spending each year.
TeleCheck Services, Inc.

The median ages of homebuyers went from age 34 in 1988 to age 39 in 1999.
The National Association of Realtors

From 1988 to 1999 homeowners increased in number by 26 million, now totaling 186 million. Renters increased only 5 million, now totaling 81 million, during the same period of time.
The National Association of Realtors

8,200 terminals will be running video advertising on ATMs by 2003, mostly owned by the top 10 U.S. banks.
"Video Advertising on Bank ATM Networks" Report, MarketSignal, Inc., Calgary, Canada, 10/10/00

Copyright © 2000 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 10, No. 11, 11/00