The Internal Revenue Service (IRS) has announced that tax refund paper cheques for individuals will be phased out ‘beginning on’ 30 September as the US government agency acts on an executive order signed by Donald Trump. The president signed executive orders six months ago to ‘modernise how the government handles money’ and to centralise a […]|
US government ‘disaster relief’ payments are starting to flow to individuals and businesses via Federal Reserve-developed instant payments platform FedNow in a move being promoted as a ‘game-changer’. FedNow – fully known as the ‘FedNow Service’ – is an interbank infrastructure to enable credit transfers to complete in seconds and make instant payments available […]|