The federal Reserve announced it is considering overhauling, or even winding down, its check processing services due to check ...

When was the last time you wrote a paper check? If the answer is a long time, that's exactly why the Fed says they're ...

The Federal Reserve Board last week made a move toward potentially reducing the availability of check processing services that it provides to banks and credit unions, asking the public for input on ...

For centuries, the paper check has been a fixture of financial life, but its era may finally be drawing to a close. On December 9, 2025, the Federal Reserve (Fed) published a landmark Request for ...

As the Federal Reserve banks accelerate their planned reduction of check processing services, several companies are stepping up their own operations in an effort to capture banks' remaining check ...

Following the end of the penny, the Fed is considering the discontinuation of something else that might be in your wallet.

WASHINGTON -- A new Federal law allowing for all-electronic check transaction processing promises to make having reliable and secure network services even more of a necessity going forward. On Oct. 28 ...

Last week's acquisition of ClearCheck Inc. by TeleCheck Services Inc., a Houston unit of First Data Corp., demonstrates that check-handling service providers are continuing to consolidate as consumer ...

As the central bank for the United States, Congress has given the Fed an important role in the nation’s payment system.1 Processing and clearing checks has long been a key part of the operating side ...

The Federal Reserve Banks plan to cut 400 jobs and close five regional check processing facilities by the end of 2004, as part of a move to reduce its check processing services, officials at the ...