In Executive Order 14247, the U.S. President outlines plans to modernize government payment systems by eliminating paper checks and transitioning to electronic payments, starting on September 30, 2025. This change aims to reduce costs, fraud, and inefficiencies while increasing the security of federal payments. The order mandates that all federal payments, including benefits, tax refunds, and vendor payments, be processed electronically, with exceptions for certain situations like emergencies or national security. The Secretary of the Treasury, along with other agencies, is tasked with ensuring a smooth transition by supporting affected individuals and promoting public awareness of the new system.
Simple Explanation
Imagine the President of the United States wants to stop using paper checks to pay people and instead use computers to send money, kind of like how you send messages on a phone. This will help make sure the money is safe and fast, but they need to make sure it works for everyone, even those who don’t have a bank.