Check Clearing Direct Deposit Same Day ACH 
PYMNTS
JANUARY 23, 2018
Separate data from the Association for Financial Professionals (AFP) found use of the paper check increased in 2016. It’s true that checks have faded out in many respects, like in business-to-consumer and consumer-to-business transactions at the point of sale (POS), with direct deposit payroll and the like.
PYMNTS
MARCH 28, 2016
But, don’t look for the recommendation to kill checks to emerge from the report that the 500+ person Fed Task Force that’s examining the path forward for the U.S. Blowing up checks would open a number of other doors for banks to provide value to consumers via “faster” and more efficient payments that they could also monetize.
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