Too often solving one problem creates others. Take Check 21. By allowing check conversion to electronic form the sensible idea was to reduce costs and speed processing. The problem is that with ...

On March 16, food retailers will be able to start using a new mechanism for processing checks that promises greater efficiencies and cost savings than traditional methods. Called back-office ...

The Federal Reserve is considering scaling back or ending paper check processing as digital payments rise. Experts warn the change could impact seniors and millions who still rely on checks.

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 ...

Cashiers have been able to convert checks into electronic transactions at the point of sale since 2000. But many multilane retailers have rejected the inherent requirements of the automated clearing ...

The Federal Reserve is quietly preparing a fundamental rethink of how it provides core banking services, from the price of processing checks to the way it supervises the smallest community lenders.

DALLAS (CBSDFW.COM) - After the IRS sent millions of stimulus payments to the wrong bank accounts, tax preparation companies said they've worked with the IRS to fix ...

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 ...

IBM and Viewpointe Archive Services LLC said yesterday they will jointly build a national system for banks to store and access billions of digital images of checks and other data to aid in the ...