Tag: electronic_payments

Social Security to Fully Transition to Electronic Payments

2 Jun 2026 3:18 p.m. · Source: Social Security Administration

The Social Security Administration is transitioning all federal benefit payments to electronic methods by September 30, 2025. This move, mandated by federal law, aims to boost efficiency, cut costs, and enhance security for beneficiaries.

Politics and Government Business Science & Technology Federal Government Economy Computers and Internet Legal Social Security Administration electronic payments federal benefits Department of the Treasury Executive Order 14247 Government Finance
Direct Express Program Transitions to Fifth Third Bank for Federal Benefit Payments

20 May 2026 12:07 p.m. · Source: Social Security Administration

The Direct Express program is transitioning its financial agent to Fifth Third Bank, effective May 18, 2026, for new enrollments. Existing Comerica Bank accounts will migrate in phases, with no immediate impact on current beneficiaries.

Politics and Government Business Federal Government Banking Economy Social Issues Social Security Administration Direct Express Fifth Third Bank Comerica Bank Electronic Payments Government Benefits Financial Services