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US Fed seeks input on impact of strategic changes to check services it provides

By Neil Roland ( December 5, 2025, 00:04 GMT | Insight) -- The Federal Reserve Board is requesting public input on the impact of potential strategic changes to check services it provides — such as check collection and processing services at a fee to banks — as well as check usage and preferences. Check use has steadily declined, digital payment methods have grown in availability, and check fraud has increased, the Fed said. Also, the Fed’s 12 Reserve Banks providing these services will need to make substantial investments in their check infrastructure to continue offering the same level of check services going forward.The Federal Reserve Board is requesting public input on the impact of potential strategic changes to check services it provides — such as check collection and processing services at a fee to banks — as well as check usage and preferences....

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