From www.kiplinger.com: (US context) President Trump signed an executive order requiring the federal government to phase out paper cheques in favour of electronic payments by September 30, impacting tax refunds and Social Security payments.
This transition aims to modernise financial disbursements, address issues of fraud, and improve efficiency, but it may pose challenges for individuals, particularly older adults and those without banking access.
The implementation will include limited exceptions for vulnerable populations, with modern electronic methods like direct deposits becoming the standard for government payments.