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 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 ...

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 ...

The Federal Reserve is considering phasing out paper checks, a move that could make checkbooks as outdated as pennies. The central bank has asked the public to weigh in over the next 90 days on ...

The number of check-processing facilities has been trimmed from 45 in 2003 down to 22 currently. The processing centers are operated by the Federal Reserve's regional banks to provide banking services ...