💳Treasury Seeks Input on Transition to Electronic Payments
The U.S. Department of the Treasury (Treasury) invites public input to inform its implementation of the President's Executive Order (E.O.) 14247 on "Modernizing Payments To and From America's Bank Account" issued on March 25, 2025, which, among other items, directs the Secretary of the Treasury to cease issuing paper checks and transition to the use of electronic payments for all Federal disbursements where feasible. This request for information (RFI) offers the opportunity for interested individuals and organizations to provide feedback on matters related to Treasury's implementation of E.O. 14247, in particular Treasury's efforts to advance a public awareness campaign that will help consumers, including unbanked and underbanked populations, transition to digital payments as contemplated by the E.O.
Learn More💳Executive Order 14247
Executive Order 14247 aims to modernize the payment processes of the Federal Government by phasing out paper checks and promoting electronic payments. This order outlines the transition to digital payment methods to enhance operational efficiency, reduce costs, and combat fraud, while emphasizing the need for compliance from federal agencies and support for unbanked populations.
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