Sign up for FREE Email Briefings
- -- Banker Briefing
- -- Compliance Briefing
- -- Security Spotlight
- -- Tech Talk
President Trump has issued an Executive Order, "Modernizing Payments To and From America’s Bank Account," calling for a review and update of federal government disbursements practices to phase out, to the extent possible, disbursements by paper check, including tax refunds, vendor payments, benefit payments and intergovernmental transfers.
The Order also encourages payments to the federal government to be made electronically.