US EditionTrump signs executive order to modernize Treasury payment system
- President Donald Trump signed two executive orders to modernize the Treasury Department's payment system, aiming to reduce waste, fraud, and delays by shifting to electronic payments by September 30.
- The executive orders mandate that federal agencies work with the Treasury to ensure that funds reach intended recipients, transitioning from paper checks to electronic methods.
- Under the new policy, paper checks must be eliminated, with exceptions for individuals without banking access or in emergencies.
- The reforms are intended to centralize payment processes and reduce the risk of fraud associated with paper checks, which are 14 times more likely to be involved in fraud.
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Trump Directs Treasury to Use Electronic Payments, Not Paper Checks
President Donald Trump signed an executive order March 25 calling for the Treasury Department to use electronic payments instead of paper checks, a step aimed at reducing waste and fraud. White House staff secretary Will Scharf pointed out some of the shortcomings of paper checks. “Historically, checks issued by the Treasury are, I believe, 14 times more likely to become the subject of fraud than electronic transfer payments,” he said. Paper-bas…
·New York, United States
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Total News Sources10
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
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