Last week's acquisition of ClearCheck Inc. by TeleCheck Services Inc., a Houston unit of First Data Corp., demonstrates that check-handling service providers are continuing to consolidate as consumer ...

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 ...

As the central bank for the United States, Congress has given the Fed an important role in the nation’s payment system.1 Processing and clearing checks has long been a key part of the operating side ...

As the Federal Reserve banks accelerate their planned reduction of check processing services, several companies are stepping up their own operations in an effort to capture banks' remaining check ...

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 ...

Following the end of the penny, the Fed is considering the discontinuation of something else that might be in your wallet.

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 ...

The Federal Reserve Banks plan to cut 400 jobs and close five regional check processing facilities by the end of 2004, as part of a move to reduce its check processing services, officials at the ...

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 ...

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 ...

The U.S. Federal Reserveexpects 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 increase.