The federal Reserve announced it is considering overhauling, or even winding down, its check processing services due to check ...

Last week's acquisition of ClearCheck Inc. by TeleCheck Services Inc., a Houston unit of First Data Corp., demonstrates that check-handling service providers are continuing to consolidate as consumer ...

The Federal Reserve Board last week made a move toward potentially reducing the availability of check processing services that it provides to banks and credit unions, asking the public for input on ...

Following the end of the penny, the Fed is considering the discontinuation of something else that might be in your wallet.

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 ...

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% ...

As the central bank for the United States, Congress has given the Fed an important role in the nation’s payment system.1 Processing and clearing checks has long been a key part of the operating side ...

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 — The Federal Reserve expects to turn a profit on its check processing operations for a second consecutive year in 2011 as the proportion of payments cleared electronically continues to ...

The U.S. Federal Reserveexpects to turn a profit on its check processing operations for a second consecutive year in 2011 as the proportion of payments cleared electronically continues to increase.