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 ...

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 ...

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 ...

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 - ...