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% ...

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 ...

・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 is considering winding down the checking services it provides for banks, according to CNN. The Fed provides an array of check processing and monitoring services that are critical ...

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 ...

Business Federal Reserve to close Charlotte check processing operation, idle 49 workers Decision to move responsibilities to Atlanta is part of nationwide consolidation, spokesperson says. As more ...

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...