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 ...
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 ...
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 ...
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 ...
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 ...
Over the past decade or so every Federal Home Loan Bank with a check-processing services arm has sold it off. In nearly every case, Fiserv Inc. has directly or indirectly come away as the buyer. On ...
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