On March 25, 2025, President Trump signed Executive Order 14247: "Modernizing Payments To and From America's Bank Account," ...

Get the latest federal technology news delivered to your inbox. The IRS announced Tuesday that it will start phasing out paper checks for tax refunds in one week under a March executive order to move ...

First the penny. Next, paper checks? When the U.S. Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using ...

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...

Paper checks are rapidly losing their place at the center of American finance, pushed aside by faster, cheaper and more secure digital options. The shift is no longer theoretical or generational, it ...

The IRS announced Tuesday that it will start phasing out paper checks for tax refunds in one week under a March executive order to move the federal government away from physical payments. The federal ...