Illustration: Aïda Amer/Axios

Americans are now spending nearly as much money remotely as they are in person.

Why it matters: It's a nod to the e-commerce boom, where corporate giants like Amazon and other businesses that bulked up their online presence are cashing in like never before.

What's happening: For the first time, the value of online purchases with debit and credit cards in 2018 nearly equaled that of in-person card spending, according to a new report from the Federal Reserve, which cites the latest data available.

What they're saying: The boom in remote buying is "driven by growing e-commerce and the use of cards for recurring bill payments," Fed researchers write.

  • And the upward trend paired with a strong consumer likely means 2019 was the first year that the value of remote card purchases surpassed in-person card payments.

The data doesn't include cash payments, which account for a bigger share of in-person transactions than cards do, per a separate Fed report.

Yes, but: While the gap in card spending in-person vs. remote has closed in dollar terms, the number of card transactions done in-person still far outpaces those done online.

By the numbers: 72% of purchases made with a card were done in-person, while just 28% of those transactions were made remotely.

  • While mobile wallets have made it easier to pay by card in stores, the number of in-person purchases has still steadily decreased from 84% of all transactions in 2012.
  • Those done online have steadily increased from 15% in 2012.

Between the lines: That means that spending at brick-and-mortar stores isn't completely dead, though people are spending less money there.

  • To appeal to all shopping tastes, store operators (retailers and beyond) are stretched between heavy investments in online platforms or delivery perks and investments in physical stores.
  • Take Walmart, for instance, which is revamping 500 of its stores and opening 20 more, as part of an $11 billion investment plan. At the same time, it's planning to "aggressively scale" an in-home grocery delivery service.

The bottom line: Where consumers spend the bulk of their dollars is changing. But considering the vast number of card transactions still done in stores, American card spending habits haven't completely shifted to one side or the other yet.

Expand chart
Data: The Federal Reserve; Chart: Andrew Witherspoon/Axios

From 2012 to 2018, the value of card payments done remotely jumped nearly four times the value of in-person card transactions.

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Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Driving the news: Metrosafe, the city's emergency services, said it received reports of a shooting at South Brook St. and Broadway Ave., near the area where protests were taking place. A police spokesperson told a press briefing the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 31,778,331 — Total deaths: 974,436 — Total recoveries: 21,876,025Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 6,943,078 — Total deaths: 201,930 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
  5. Technology: The tech solutions of 2020 may be sapping our resolve to beat the coronavirus
  6. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  7. Sports: Less travel is causing the NBA to see better basketball.
  8. Future: America's halfway coronavirus response

Biden: Breonna Taylor indictment "does not answer" call for justice

Former Vice President Joe Biden. Photo: Leigh Vogel/Getty Images

Former Vice President Joe Biden on Wednesday condemned the grand jury indictment of a Louisville police officer who entered Breonna Taylor's home in March in a botched drug raid that led to her death, saying in a statement the decision "does not answer" for equal justice.

The big picture: Biden called for reforms to address police use of force and no-knock warrants, while demanding a ban on chokeholds. He added that people "have a right to peacefully protest, but violence is never acceptable."

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