Search Results
Showing results 1 to 10 of approximately 61.
(refine search)
Journal Article
Towards a new system
Journal Article
Check clearing in the 21st Century: where are my checks?
Financial institutions are understandably concerned with the technological and procedural implications of Check 21, but smoothing the transition with customers ultimately may prove to be the key challenge. Millions of people still use paper checks and won?t be happy to find facsimiles returned in their monthly statements.
Journal Article
Trends in the efficiency of Federal Reserve check processing operations
The Monetary Control Act of 1980 requires the Federal Reserve to charge customers for financial services, with the intent of improving the efficiency with which Fed offices deliver those services. Prior studies found little improvement in the efficiency of Fed check processing operations after pricing was implemented in 1982. This article examines the efficiency of Fed check operations using a longer sample period (1980:Q1?2003:Q3) than previous studies and new methods for estimating efficiency. The authors find that the median office became somewhat less efficient when pricing was ...
Journal Article
Check 21 growth shows no sign of slowing
Financial institutions' use of Check 21 continues to grow rapidly. In 2006, the Atlanta Fed processed 10 times as many Check 21 transactions as it did in 2005, and the trend is expected to accelerate.
Journal Article
Upstairs downstairs: how introducing computer technology changed skills and pay on two floors of Cabot Bank
Assessing the differing impacts of a new computer technology on skills and pay in two departments of a large bank.
Journal Article
A comparison of social costs and benefits of paper check presentment and ECP with truncation
Each year, about 60 billion checks are collected in the United States. While the shares of electronic payments methods such as the automated clearing house and credit and debit cards have been growing in recent years, the volume of checks has grown by more in absolute numbers during the last 20 years than all electronic payments methods combined. Partly because of their convenience, checks remain an extremely popular way to carry out transactions. Since it seems that checks will be around for the foreseeable future, it makes sense to try to improve the process of their collection.> This ...
Journal Article
Float in check clearing creates challenges for banks and the Fed
Report
Thoughts on the Fed's role in the payments system
2000 Annual Report Essay