Cohen, Ruth; Shy, Oz; Stavins, Joanna - 2022 - This version: February 2022
The use of paper instruments-cash and checks-has been declining in the United States, and consumers have been gradually … remote transactions. We find that cash use declined faster than check use, in large part because transactions shifted from in … person to remote. While the cash-use share of transactions dropped for almost all merchant types, changes in check use were …