India, March 26 -- President Donald Trump has signed an Executive Order to modernize federal payments - switching from old-fashioned paper-based payments to fast, secure electronic payments.
The Order makes it mandatory that from September 30, the Federal government will cease issuing paper checks for all disbursements, including intra-governmental payments, benefits, vendor payments, and tax refunds.
All executive departments and agencies must transition to modern, electronic funds transfer (EFT) methods like direct deposit, debit/credit card payments, digital wallets, and real-time transfers.
Payments made to the Federal government, such as fees, fines, loans, and taxes, must also be processed electronically.
Treasury will phase out p...