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 ...

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 ...

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 - ...

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 starting to explore winding down their check processing services--a move that ...

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 ...

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 ...

Check endorsement refers to the act of signing the back of a check for the purpose of transferring it to another entity, whether that be a person or a bank. It's a crucial step in the process of ...