The Check 21 legislation, which will take effect Oct. 28, will dramatically alter check processing by making imaging more attractive economically. This will soon reduce the number of paper checks ...

After a 10 day jury trial, a jury found U.S. Bancorp liable for almost $3.3 million in damages for infringing upon a patent covering check-processing technology owned by Solutran, Inc. (”Solutran”).

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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 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 Board has announced that it is formally exploring significant changes to its check-processing services, including the possibility of ending them entirely. In a press release ...

The US Court of Appeals for the Federal Circuit found claims directed to using data from a check to credit a merchant’s account before scanning the check to be subject matter ineligible under 35 USC § ...

Back in the late 1990s many people in the banking industry believed the world of e-commerce would require new payment instruments. Entrepreneurs came up with virtual cash schemes, while bankers worked ...

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 ...