"Electronic payments are highly efficient, offering advantages such as speed, reduced costs, and accuracy," said Dr. Ray Perryman, President and CEO of The Perryman Group. "These enhancements have contributed significantly to the expansion of the US economy, increasing liquidity and stimulating personal consumption."
An easy to use, efficient method of purchasing goods and services is essential to a well functioning economy. Payment methods have evolved throughout human history, from barter to primitive forms of money, to full-bodied coins and precious metals, to bank notes, to national fiat currency and checks. This infographic summarizes some of the findings in our full report, The Electronic Payment System: An Assessment of Benefits for the US and State Economies.
An easy to use, efficient method of purchasing goods and services is essential to a well functioning economy. Payment methods have evolved throughout human history, from barter to primitive forms of money, to full-bodied coins and precious metals, to bank notes, to national fiat currency and checks. This infographic summarizes some of the findings in our full report, The Electronic Payment System: An Assessment of Benefits for the US and State Economies.
"Electronic payments are highly efficient, offering advantages such as speed, reduced costs, and accuracy," said Dr. Ray Perryman, President and CEO of The Perryman Group. "These enhancements have contributed significantly to the expansion of the US economy, increasing liquidity and stimulating personal consumption."