Modernizing Payments To and From America’s Bank Account

The executive order aims to promote operational efficiency by mandating the transition to electronic payments for all Federal disbursements and receipts, and it outlines several exceptions where electronic payment and collection methods are not feasible. However, it does not mention the potential impact on individuals who do not have access to banking services or electronic payment systems. The order also requires agencies to develop a comprehensive public awareness campaign to inform Federal payment recipients of the transition to digital payments, but it is unclear how effective this campaign will be in reaching those without access to such technology. Additionally, the order does not address the potential impact on national security- or law enforcement-related activities where non-EFT transactions are necessary or desirable. Overall, while the order may have some benefits for efficiency and cost savings, it could also create barriers to accessing government services for individuals without access to electronic payment options.

Read the full text of the order at the whitehouse.gov website.

Leave a Reply

Your email address will not be published. Required fields are marked *