When it comes to paying for their groceries, consumers still like to whip out their checkbooks. According to a study released by the Food Marketing Institute, Washington, in 2000, checks made up 33% ...

The Federal Reserve is considering a major shift in its payment processing strategy by potentially ending the processing of paper checks. This move comes as part of a broader trend towards digital ...

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 ...