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's recently published request for information on options for updating its check clearing apparatus has ...
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 ...
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 ...
Unisys, an information technology services and solutions company, has won a contract with Rabobank to modernize the Dutch bank's check processing operations. Under the terms of the contract, Unisys ...
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 - ...
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