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 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 ...

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 ...

For Carol Sabasteanski, the holidays mean loads of paperwork, and not of the gift-wrapping variety. Sabasteanski is president and CEO of FISC Solutions, which provides financial and organizational ...

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 ...