Could bounced checks be a thing of the past? Fed seeks public input on ending paper check processing
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 ...
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Federal Reserve mulls shutting down check services amid falling usage and rising fraud risks
・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 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 ...
The number of check-processing facilities has been trimmed from 45 in 2003 down to 22 currently. The processing centers are operated by the Federal Reserve's regional banks to provide banking services ...
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Death of the paper check
The Federal Reserve announced it's considering overhauling or even winding down its check processing services, which could lead to the death of the paper check. JFK's niece has message for man who ...
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