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Federal Payments Go Digital

Trade Credit & Liquidity Management

The federal government is moving to eliminate paper checks for all federal disbursements by September 30, 2025, under Executive Order 14247, “Modernizing Payments To and From America’s Bank Account.” Fraud Reduction: Paper checks are significantly more vulnerable to fraud. ” This initiative, led by the U.S.

NACHA 40
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Loan Company Employee Got $400K From Stolen Identities

PYMNTS

According to court documents , Montgomery, Alabama resident Wendy Huff, who worked at two different insurance companies between January 2013 and August 2015, stole personal information of her employers’ customers, including their names, social security numbers and dates of birth.