・The Fed outlined multiple paths for the future of check processing as infrastructure needs grow. ・Digital payments are rising even as check fraud increases and volumes decline. ・Vice Chair Michelle ...

ATLANTA--(BUSINESS WIRE)--July 19, 2004--VSoft Corporation, a global information and technology provider of financial solutions, announced that Bank Services of Virginia, a $2.5 billion bank servicing ...

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 ...

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 ...

WASHINGTON — The Federal Reserve expects to turn a profit on its check processing operations for a second consecutive year in 2011 as the proportion of payments cleared electronically continues to ...

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 ...

WASHINGTON (AP) -- People are writing fewer checks, so the Federal Reserve is consolidating most check-processing operations into four regional centers and cutting 1,740 positions around the country.

WINDSOR LOCKS, Conn. - The Federal Reserve system's plan to consolidate its check-processing facilities means that 136 people who work at the regional check processing center here will lose their jobs ...

Electronic Clearing House Inc. (Nasdaq:ECHO), a leading provider of electronic payment and transaction processing services, announced today that it has successfully completed a pilot with Global Check ...

The Federal Reserve is asking the public to weigh in on the future of its check-processing operations, signaling that significant cutbacks may be on the table as the use of paper checks in the United ...