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 ...

WINDSOR LOCKS, Conn. - The Federal Reserve system's plan to consolidate its check-processing facilities means that 136 people who work at the regional check processing center here will lose their jobs ...

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 ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. The Federal Reserve is asking the public to weigh in on the future of its check-processing operations, signaling that ...

The Federal Reserve says it is considering "winding down" its processing of paper checks for banks and their customers. - JGI/Jamie Grill/Tetra images RF/Getty Images First the penny. Next, paper ...

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.

Federal Reserve Vice Chair for Supervision Michelle Bowman. Bowman opposed a request for information on the future of the Fed's check processing service in December, saying the request was "biased" ...