As reported by BUSINESS WIRE -- For the first time in US history, the number of consumer and business transactions including checks and electronic transactions for debit cards, credit cards and automatic payments will exceed 100 billion by the end of 2009, according to Moebs Services. 

Type of 100B Transactions in 2009:

• Debit card transactions, 33 percent
• Paper checks, 24 percent
• Credit card transactions, 23 percent
• Automatic Payments (ACH), 20 percent

Mike Moebs, CEO provides noteworthy analysis:

• Based on current transactions, our projections show that debit cards and automatic payments are taking over at an increasingly rapid rate from the traditional checking account for most Americans
• Over the past 30 years, paper check usage has dropped from 85 percent of all transactions to less than 25 percent this year
• Credit card usage while increasing in an absolute sense is falling as a percentage of total transactions after rising for 25 years
• The projected 100 billion transactions do not represent an increase in US consumer spending, which began declining in 2008 and is still not back on track as we approach year-end
• This research indicates that consumers are doing significantly more transactions for significantly fewer dollars than in the past. This may be due to easy electronic payment methods replacing cash