--- title: Relevance of Federal Reserve Payment Study for B2B and B2C description: Every three years, the Federal Reserve provides a snapshot of U.S. payments in their Annual Payment Study. image: http://blusynergy.com/images/Blog%20Images/Chart1%20copy.png --- - [About BluSynergy](http://blusynergy.com/about/) - [Developers](http://blusynergy.com/developers/) CALL US TODAY: 731-INVOICE or (731) 468-6423 [![logo.png](https://info.blusynergy.com/hubfs/BluSynergy_May2016/Images/logo.png "logo.png")](http://blusynergy.com) - [Products](https://info.blusynergy.com/#) - [Automated Subscription Billing](http://blusynergy.com/automated-subscription-billing/) - [Invoicing & Payments](http://blusynergy.com/invoicing-payments/) - [Salesforce](http://blusynergy.com/salesforce/) - [Quickbooks](http://blusynergy.com/quickbooks/) - [Oracle](http://blusynergy.com/oracle/) - [SAP](http://blusynergy.com/sap/) - [Netsuite](http://blusynergy.com/netsuite/) - [Customer Insights](http://blusynergy.com/customer-insights/) - [Partners](http://blusynergy.com/partners/) - [Blog](http://blusynergy.com/blog/) - [Contact Us](http://blusynergy.com/contact-us/) - Menu Item 1 - Sub-menu Item 1 - Another Item - Sub-menu Item 2 - Menu Item 2 - Yet Another Item - Menu Item 3 - Menu Item 4 # BluSynergy Blog # Author: ## 15 May Relevance of Federal Reserve Payment Study for B2B and B2C Posted at 8:28:00 PMh in by [Sunny Thandassery](https://info.blusynergy.com/blog/author/sunny-thandassery) [0 Comments](https://info.blusynergy.com/blog/relevance-of-federal-reserve-payment-study-for-b2b-and-b2c#comments-listing) - [Tweet](https://twitter.com/share) Every three years, the Federal Reserve provides a snapshot of U.S. payments in their [Annual Payment Study](http://www.frbservices.org/files/communications/pdf/research/2013_payments_study_summary.pdf). The latest report revealed a number of important points for our industry and our business. ![Non-Cash Payment Charts](http://blusynergy.com/images/Blog%20Images/Chart1%20copy.png "Non-Cash Payment Charts")   For business-to-business (B2B) billers there are a couple of things to note. - ACH made up 61% of the payments in 2012 (Chart 2). Be sure your billing system can efficiently handle these payments. - Although check volume has dropped over the years, it will remain a stable, and still dominant, noncash payment option well into the future. Bear in mind that check-conversion to ACH makes this number seem lower than actual written checks and you could reap this benefit if your systems facilitate this conversion.   There are also some key findings for business-to-consumer (B2C) billers to be aware of in their planning. - Debit and pre-paid cards were the fastest growing noncash payments. This is important for a couple of reasons. - B2C billers in "safe" categories may opt to use [PIN-less debit](http://www.digitaltransactions.net/news/story/4175) to lower their merchant fees. This used to be restricted to low risk bill-pay industries like utilities, phone companies, etc. but now larger merchants (like Amazon) are starting to use them. - According to the report, 18% of payments were ACH in 2012, which offer the benefit of low fixed fees (typically fixed at $0.20 - $0.60 compared to ~2.75% + $0.20 for a non-swiped credit card). You’re leaving money on the table if you’re not offering this method of payment. Balance that against the longer settlement (2 days) and dispute period (60 days) to determine the risk-reward balance for your business.   Find a [detailed recap and analysis](http://www.frbatlanta.org/documents/pubs/econsouth/14q1_payment_study.pdf) at the Federal Reserve of Atlanta website or access the [full report](http://www.frbservices.org/files/communications/pdf/research/2013_payments_study_summary.pdf) on the Federal Reserve Bank Services website.   [![Schedule A Personal BluSynergy Demo](https://no-cache.hubspot.com/cta/default/463950/4295e955-7be1-46d5-a33e-83015b5b02f9.png)](https://cta-redirect.hubspot.com/cta/redirect/463950/4295e955-7be1-46d5-a33e-83015b5b02f9) Search Here ### Subscribe to Blog Via Email ### Recent Posts ### Categories - [Insider (2)](https://info.blusynergy.com/blog-test/topic/insider) ### Industries Served - [SaaS Billing](http://blusynergy.com/saas-billing/) - [Data Centers](http://blusynergy.com/data-centers/) - [BPO Billing](http://blusynergy.com/bpo-billing/) - [Training & Educational Institutions](http://blusynergy.com/training-educational-institutions/) - [Internet of Things](http://blusynergy.com/internet-of-things/) ### Resources - [Privacy Policy](http://blusynergy.com/privacy-policy/) - [User Guide](http://docs.blusynergy.com/) - [Developers](http://blusynergy.com/developers/) ### Contact Info 731-INVOICE (731-468-6423) 2650 Valley View Ln - Bldg 1, Suite 200 Dallas, TX 75234 sales@blusynergy.com CALL US TODAY 731-INVOICE or (731) 468-6423