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 ...

The Federal Reserve is considering a major shift in its payment processing strategy by potentially ending the processing of paper checks. This move comes as part of a broader trend towards digital ...

First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper ...

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 ...

WASHINGTON (AP) -- People are writing fewer checks, so the Federal Reserve is consolidating most check-processing operations into four regional centers and cutting 1,740 positions around the country.

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 starting to explore winding down their check processing services--a move that ...