Over the next six months, all federal departments and agencies will phase out the use of paper checks and switch to electronic payments, according to the White House. As the U.S. accelerates toward a ...

Paper checks may seem outdated these days, but they still play an important role in many financial transactions. Whether you’re setting up direct deposit, arranging a wire transfer or keeping records, ...

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 ...