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 ...

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 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 ...

View post: Craftsman's 9-drawer organizer is just $28 at Walmart, and it's perfect for DIY storage The Federal Reserve seeks public input on proposed changes to its check processing services. Check ...

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 ...

The Federal Reserve is quietly preparing a fundamental rethink of how it provides core banking services, from the price of processing checks to the way it supervises the smallest community lenders.

The Federal Reserve is asking the public to weigh in on the future of its check-processing operations, signaling that significant cutbacks may be on the table as the use of paper checks in the United ...

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.