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.

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

・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 ...

The federal Reserve announced it is considering overhauling, or even winding down, its check processing services due to check use "steadily declining" overtime. NBC News' Priscilla Thompson reports on ...

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.

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 ...