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 ...

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 ...

Too often solving one problem creates others. Take Check 21. By allowing check conversion to electronic form the sensible idea was to reduce costs and speed processing. The problem is that with ...

This week, U.S. banks will reach the first mandated milestone on the way to what’s arguably the biggest change in the way they process checks since the introduction of magnetic ink character ...

Electronic delivery is affecting almost every industry, and banking is no exception. In fact, many banks have already begun truncating checks by delivering photocopies of checks or by sending a list - ...

It’s random fun fact time around the office. Today’s random nugget that we just learned, courtesy of an article on the slow death of paper checks: The Fed says it has shut down all but one of its 45 ...

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 ...

The IRS on Friday began processing stimulus checks, which could arrive in Americans' bank accounts as soon as this weekend. Unlike the prior rounds of checks, families will get a payment for all their ...