This opinion piece lays out key functionality to look for in teller check capture software.
While card volume grew in March year-over-year, checks and prepaid card volume fell significantly during the same period.
The Federal Reserve has always kept a focus on the integrity, efficiency and accessibility of the payments system in the United States. We have largely pursued this mission in the context of our function as an operator in the interbank market.
While the perception about electronic payment options is important among small businesses, NACHA – The Electronic Payments Association and FIS found that not all firms have the scale and scope to adopt or offer them.
The percentage of payments made by check keeps slipping.