Paper vs. Electronic Transactions: How Far We
John Mancini

By: John Mancini on March 10th, 2011

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Paper vs. Electronic Transactions: How Far We've Come

Paperless Office  |  Accounting and Finance

AIIM Board member John Chickering, always on the prowl for interesting information, spotted some data from the Federal Reserve that illustrates just how far we have come in the world of paperless transactions.

Over the past decade, we've gone from a 58%/42% paper/paperless split in the volume of electronic transactions to 24%/76%. Quite an amazing shift in such a short period of time. Almost 80 billion electronic transactions in 2009, up from less than 30 billion at the beginning of the decade.

The only thing that amazes me is that there are still so many checks out there, demonstrating the cultural resistance of any process to paperless, no how compelling the value proposition. I can't even remember the last time I wrote an actual check. But apparently, there are still some of you out there.

Here's the raw data:

How Check, ACH, Credit Card, and Debit Card Transactions Compare

How Check, ACH, Credit Card, and Debit Card Transactions Compare


Paper vs. Electronic Transactions by Year

Paper vs. Electronic Transactions by Year

What examples do you have from the processes near and dear to you? Any data you are willing to share from your own processes about the disappearance of paper?

 

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About John Mancini

John Mancini is the President of Content Results, LLC and the Past President of AIIM. He is a well-known author, speaker, and advisor on information management, digital transformation and intelligent automation. John is a frequent keynote speaker and author of more than 30 eBooks on a variety of topics. He can be found on Twitter, LinkedIn and Facebook as jmancini77. Recent keynote topics include: The Stairway to Digital Transformation Navigating Disruptive Waters — 4 Things You Need to Know to Build Your Digital Transformation Strategy Getting Ahead of the Digital Transformation Curve Viewing Information Management Through a New Lens Digital Disruption: 6 Strategies to Avoid Being “Blockbustered” Specialties: Keynote speaker and writer on AI, RPA, intelligent Information Management, Intelligent Automation and Digital Transformation. Consensus-building with Boards to create strategic focus, action, and accountability. Extensive public speaking and public relations work Conversant and experienced in major technology issues and trends. Expert on inbound and content marketing, particularly in an association environment and on the Hubspot platform. John is a Phi Beta Kappa graduate of the College of William and Mary, and holds an M.A. in Public Policy from the Woodrow Wilson School at Princeton University.