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 scaling back or ending paper check processing as digital payments rise. Experts warn the ...

Rising fraud and falling consumer use of this service have prompted the Fed to mull a potential pivot. The Federal Reserve seeks public input on proposed changes to its check processing services.

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 ...

While check writing has steadily decreased, cases of check fraud have doubled since 2021. That’s why it’s important to ...

Although most consumers rely heavily on credit cards, debit cards and other digital payment methods, Americans still have to write checks occasionally. According to data from the Federal Reserve, ...