From Fiserv:

What insights can your students glean from this chart?

• Debit card usage tripled during this measurement period
• Checks went from the most popular form of non-cash payment in 2003 to the fourth position by 2012
• Prepaid cards have gone from a new product in 2003 to over 10% of non-cash transactions in 2012
• ACH (electronic payment) also has grown

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Check out this NGPF Lesson on Pick A Payment Method

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.