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The Future of Checks – Tales From The Crypt

South State Correspondent

Halloween is approaching, so we might as well talk about death. Checks are dying and about to die quicker, given the rise of instant payments. In the next two years, many banks will have strategic plans to phase checks out, given their cost and reduction in frequency. The number of checks written hit about 8 billion in 1952.

Fraud 195
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ATMIA Weighs In On Cashless Retail Ban Debate

PYMNTS

Council member and bill sponsor Ritchie Torres has said the ban is a way to make sure lower income communities, and those of color, are not shut out of marketplaces. Trips to the bank to make deposits — the physical kind — can be time-consuming and perhaps less than safe. And those stakeholders include ATM operators.

Retail 129
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Dodd-Frank and Durbin: Were They ‘Trumped Up?’

Gonzobanker

With President Trump on record as vowing to “do a big number” on the Dodd-Frank Act (DFA), how much will the fate of the DFA and its Durbin Amendment matter to impacted banks? Banks impacted by the regulation have dealt with the effects on interchange income and regulatory compliance costs in several ways.