President Trump signed an executive order forcing the federal government to phase out paper check disbursements by the fall.

The banking industry's effort to fight check fraud is likely to benefit from President Donald Trump's order to the Treasury Department to stop issuing paper checks for federal disbursements and to ...

President Donald Trump has targeted paper checks in a new executive order. Effective Sept. 30, 2025, the order directs the Treasury Department, which includes the IRS, to stop issuing paper checks ...

"Historically, Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer," the order stated. "Maintaining the ...

"Historically, Department of the Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer. "Maintaining the ...

Trump has made eradicating government inefficiency a major goal in the first 100 days of his presidency, but the push to ditch paper checks predates this administration: A Treasury Department ...

Treasury Secretary Scott Bessent outlined the ... calling on the federal government to shift to electronic payments from paper checks by the end of September to reduce fraud risks and "unnecessary ...