US EditionTerry Savage: 10 Ways to Protect Yourself in the Digital Financial World
- On March 25, 2025, President Trump issued an executive order directing all federal agencies to discontinue issuing paper checks and adopt electronic payment methods by the end of September.
- This transition responds to inefficiencies and risks tied to paper checks, even though a small portion of people, like those without bank access, remain exempt.
- The IRS, which processes over 95% of tax returns electronically, will soon no longer accept or issue paper checks for tax refunds or Social Security benefits.
- Simultaneously, scammers increasingly clone SIM cards to intercept two-factor authentication messages, raising concerns about securely managing digital financial transactions.
- Financial adviser Terry Savage advises individuals to understand and safely use digital money tools, emphasizing the importance of bringing older generations into this secure digital era.
18 Articles
18 Articles
Montana Standard
Terry Savage: 10 ways to protect yourself in the digital financial world
And, like it or not, you’ ll soon be forced to get used to it— especially since the IRS will soon no longer accept or pay out with paper checks! On March 25, President Trump signed an executive order mandating…
Federal government says paper checks have got to go. What to know
The federal government is phasing out paper checks in favor of electronic payments this fall, and financial experts both welcomed and cautioned the move. This story also appeared in Detroit Free Press The shift could have “serious unintended consequences” for people who rely on paper checks, said Jasmine Carson, executive director of empowerment and integration for the Wayne Metropolitan Community Action Agency, in a…
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