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 ...

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 ...

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 ...

Teresa George proofs the information on a check at the First National Technology Center. Desktop readers at First National branches scan up to 180 checks per minute; bigger ones, like the iTRAN models ...

After a 10 day jury trial, a jury found U.S. Bancorp liable for almost $3.3 million in damages for infringing upon a patent covering check-processing technology owned by Solutran, Inc. (”Solutran”).

The US Court of Appeals for the Federal Circuit found claims directed to using data from a check to credit a merchant’s account before scanning the check to be subject matter ineligible under 35 USC § ...

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 ...

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 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% ...

Banc West Investment Services asked the Securities and Exchange Commission to clarify its stance on the potential conflict between FINRA suitability determinations called for by rollover decisions and ...

(Reuters) - U.S. bank regulators increasingly are cracking down on an obscure corner of the multibillion-dollar payments processing sector because security gaps are leaving banks exposed to money ...