Business, Finance & Tech

Are Paper Checks Slowly Disappearing? The Federal Reserve Is Considering Changes

Name: Are Paper Checks Slowly Disappearing? The Federal Reserve Is Considering Changes
Uploaded: 2025-12-06T10:00:00-08:00
Channel: NBC Palm Springs
Description: As more people switch to digital payments, the Federal Reserve is weighing whether to phase out check-processing services — a move that could impact millions wh

By: CNN Newsource

December 6, 2025

paper checks phase outFederal Reserve check servicesdigital payments growthunbanked Americans paymentscheck fraud increasefinancial system modernizationpayment system changes

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