The Dwindling of Paper Check Processing
Mike Meyers writes for the Star-Tribune about the decline in paper check processing at the Federal Reserve Bank of Minneapolis. "The change is taking place at a geometric pace -- last year, 7 percent of the checks going through the Minneapolis Fed were electronic, this year the share rose to 35 percent, and next year, two-thirds of the transactions are expected to be composed of bits and bytes, not paper."
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