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

Last week's acquisition of ClearCheck Inc. by TeleCheck Services Inc., a Houston unit of First Data Corp., demonstrates that check-handling service providers are continuing to consolidate as consumer ...

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 ...

Following the end of the penny, the Fed is considering the discontinuation of something else that might be in your wallet.

For centuries, the paper check has been a fixture of financial life, but its era may finally be drawing to a close. On December 9, 2025, the Federal Reserve (Fed) published a landmark Request for ...

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 ...

TeleCheck, a First Data company, offers check processing and risk reduction services to sellers of products and services. TeleCheck markets its electronic and paper check acceptance services to ...

As the central bank for the United States, Congress has given the Fed an important role in the nation’s payment system.1 Processing and clearing checks has long been a key part of the operating side ...

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 ...