The Federal Reserve Board cites a sharp decline in check usage and a rise in fraud as reasons for phasing out paper checks.

The era of paper tax refund checks is ending. The IRS is moving to an all-electronic system. Learn why direct deposit is now ...

The Federal Reserve is considering scaling back or ending paper check processing as digital payments rise. Experts warn the ...

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

First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper ...

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...

Chase, the consumer and commercial banking division of JPMorgan Chase (NYSE:JPM), encouraged its customers who receive physical checks to enroll in direct deposit, which is becoming the default ...

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...