The Federal Reserve is considering ending paper check processing as usage declines and fraud and costs rise, a move that could significantly affect businesses and vulnerable populations.

Federal reserve is consolidating its check processing operations as people write fewer checks. The Federal Reserve Bank of Richmond is cutting its staff of 359 in Charlotte by more than 10 percent, ...

The Federal Reserve Board has announced that it is formally exploring significant changes to its check-processing services, including the possibility of ending them entirely. In a press release ...

• Business: ATM, credit card or check processing equipment; transaction processing Chances are U.S. Alliance Group Inc. could be behind your ATM, credit card or check transaction. “If you write a ...

・The Fed outlined multiple paths for the future of check processing as infrastructure needs grow. ・Digital payments are rising even as check fraud increases and volumes decline. ・Vice Chair Michelle ...

The federal Reserve announced it is considering overhauling, or even winding down, its check processing services due to check use "steadily declining" overtime. NBC News' Priscilla Thompson reports on ...

In an era of instant digital transactions, healthcare's continued reliance on paper checks isn't just outdated — it's financially reckless. While consumers tap phones to pay for coffee and businesses ...

When it comes to paying for their groceries, consumers still like to whip out their checkbooks. According to a study released by the Food Marketing Institute, Washington, in 2000, checks made up 33% ...