Cash management services (CMS) revenue in the U.S. 2019-2020, by product type
United States cash management (CMS) revenue declined 4.5 percent between 2019 and 2020, although the market share of wire transfer did go up. In absolute figures, the industry's overall revenue declined by roughly 800 million U.S. dollars. From the 11 product lines on offer, the source observed that only three generated a revenue growth during the coronavirus pandemic: ACH/ECH, wire transfer, and information reporting. Check clearing was one of the least used CMS products in the United States, making up less than four percent of the industry's overall revenue in 2020.
