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 ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Some businesses may fall into specific industry ...

The IRS last Thursday posted an update to the webpage that describes its operations during the COVID-19 pandemic. The page notes that the IRS is working through its correspondence backlog and is ...

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 ...

When it comes to paying for their groceries, consumers still like to whip out their checkbooks. According to a study released by the Food Marketing Institute, Washington, in 2000, checks made up 33% ...

A critical aspect of modern business, merchant receivables enable businesses to accept various forms of payments from their customers, including credit and debit cards, electronic checks and digital ...

The top banks once uniformly processed large payments before small ones. Now they're processing high to low, low to high and everything in between. In a move hailed by consumer advocates, Citigroup ...