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 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% ...

When President Bush signed the Check 21 legislation late last month, he was taking a major first step toward initiating a cheaper, electronic way to process the nation’s 40 billion paper checks. But ...

IBM and Viewpointe Archive Services LLC said yesterday they will jointly build a national system for banks to store and access billions of digital images of checks and other data to aid in the ...