Addressing, IRS and ODFI - Payments Space

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Addressing

IRS

ODFI

As Federal Checks Disappear, Banks Face Surge in ACH Payments and Rising Fraud Risks

Finextra

JULY 14, 2025

About half of all federal checks by volume are for IRS tax refunds, with the rest primarily used for federal benefit payments such as Social Security and income support programs. Federal paper check usage remains concentrated in a few key areas.

ACH

ACH Checks Tax Refunds Risk

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

JUNE 27, 2024

ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details. Government payments – You can use ACH to pay individual and business taxes to the IRS.

Wire Transfer

Wire Transfer Wire Wires ACH

As Federal Checks Disappear, Banks Face Surge in ACH Payments and Rising Fraud Risks

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

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