Expanding electronic government payments
The Debt Collection Act of 1996 mandated government. use of EFT for all govt. payments, except tax refunds, by 1999
It includes anyone who, on or after July 26, 1996:
Applies for federal or retirement benefit payments;
Begins employment with a federal agency;
Enters into a contract or purchase order with the govt.
Files or renews a grant application
After 1/1/99, all payments to individuals and businesses, including those without accounts at a financial institution, must be made electronically
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