On March 25, 2025, Executive Order 14247 was issued, requiring that all federal payments, including tax payments to the IRS, ...

The transition from paper checks to electronic payments for Social Security beneficiaries represents a pivotal change in federal payment distribution. As of September 30, the government will largely ...

Discover how national payment systems facilitate secure financial transactions with efficient clearing and settlement, ...

After 85 years of sending out paper checks to retirees, the Social Security Administration (SSA) is transitioning to electronic payments in what it says is an effort to modernize its services and ...

The last protester has withdrawn its objections, which means the IRS can start building a new electronic payment system for taxpayers. The IRS now appears able to move forward with a $2 billion ...

Automated Clearing House, or ACH, payments power billions of transactions every year, yet many people don't fully understand how they work. Whether you're receiving a direct deposit from your employer ...

The Social Security Administration (SSA) will transition to electronic-only payments by Sept. 30, 2025. The SSA encourages recipients to switch to direct deposit or the Direct Express card. The move ...

Two years ago, banks set a deadline to decommission an ageing platform that facilitates trillions of dollars in transactions.