The federal government is moving one step closer to getting out of the business of handing out paper checks, effective Sept. 30. On March 25, President Donald Trump signed an executive order to put a ...

(CNN) — First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop ...

The IRS announced Tuesday that it will start phasing out paper checks for tax refunds in one week under a March executive order to move the federal government away from physical payments. The federal ...

What do increased fraud, high costs, and operational inefficiencies all have in common? Paper checks, or at least, those were the reasons cited when President Donald Trump issued an executive order ...

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 ...