Paper checks were already dying a slow death. President Donald Trump on March 25 signed an executive order mandating that all federal departments and agencies end their use of paper checks and switch ...
Paper checks are rapidly losing their place at the center of American finance, pushed aside by faster, cheaper and more secure digital options. The shift is no longer theoretical or generational, it ...
Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...