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ODFI

Treasury

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

Finextra

JULY 14, 2025

In fiscal year 2023, approximately 96.45% of Treasury disbursements were made via electronic funds transfer, or EFT, compared to just 3.55% by paper check. Notably, the median paper check issued by Treasury is around $4,861, meaning even a small percentage of checks involves substantial dollar amounts.

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. International transfers coming from the US are tracked by a US Treasury agency called the Office of Foreign Assets Control.

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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