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The fintech industry has always thrived on speed and innovation. Startups push boundaries with new products, while incumbents integrate technology to keep up with rising customer expectations. But as ...
Fortunately, we have a lot to learn from the rest of the world, where real-time payment systems have proliferated in recent years, and can use their example to identify gaps in the US system.
The system distributes entitlement benefits, grants and tax refunds. Treasury Secretary Scott Bessent approved the move affecting representatives of Elon Musk’s Department of Government Efficiency.
Four days after Donald Trump’s inauguration, Elon Musk’s top lieutenants at the Treasury Department asked its acting secretary, a career civil servant, to immediately shut off all USAID ...
The Pix instant payment system is used by nearly everyone in Brazil, from street vendors to major retailers. In a recent op-ed, economist Paul Krugman even touted it as the “future of money ...
The Trump administration, in a court filing, said it would not expand access to Treasury Department payment system for Elon Musk's DOGE group.
The Treasury’s payment system is responsible for delivering trillions in Social Security payments, Medicare benefits and more to millions of Americans across the country.
Agencies could be on the hook for interest on late payments to government contractors, as President Donald Trump seeks to overhaul the contractor payment system. On Feb. 26, the president signed ...