The Federal Reserve is considering scaling back or ending paper check processing as digital payments rise. Experts warn the ...

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

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 ...

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 ...

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.

The Federal Reserve Banks plan to cut 400 jobs and close five regional check processing facilities by the end of 2004, as part of a move to reduce its check processing services, officials at the ...