The Federal Reserve Board cites a sharp decline in check usage and a rise in fraud as reasons for phasing out paper checks.

The Federal Reserve is considering ending paper check processing as usage declines and fraud and costs rise, a move that ...

The Federal Reserve is considering scaling back or ending paper check processing as digital payments rise. Experts warn the ...

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

The Federal Reserve is considering winding down the checking services it provides for banks, according to CNN. The Fed provides an array of check processing and monitoring services that are critical ...

First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper ...

The Federal Reserve is considering winding down its check processing services in 2026 Opinion: The double standard on ...

The United States said goodbye to the penny a few weeks back. Now that the familiar copper coin is no longer being minted, the Federal Reserve is considering another item for the chopping block.

Discover how Regulation J sets rules for the collection and return of checks and fund transfers through the Federal Reserve, ensuring secure banking operations.

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 ...