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

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

What do increased fraud, significant costs and operational inefficiencies all have in common? Paper checks, or, at least, those were the reasons cited when President Donald Trump issued an executive ...

Paper checks are rapidly losing their place at the center of American finance, pushed aside by faster, cheaper and more secure digital options. The shift is no longer theoretical or generational, it ...

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 ...

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 ...

The Trump administration's effort to modernize federal payment systems is coming to Social Security, which will start phasing out paper Social Security checks. The Social Security Administration (SSA) ...

With over a dozen credit cards and millions of credit card points racked up, Nancy Jiang condenses the complex world of card-churning for maximum rewards with minimum effort. Her work has been ...

The IRS will begin phasing out the use of paper checks for refunds to individual taxpayers at the end of September and will publish detailed guidance for 2025 tax returns before the 2026 filing season ...

The Social Security Administration (SSA) has implemented numerous changes to its operations since the Donald Trump administration began back in January 2025. But later this year, the SSA will ...

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 ...