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Released: January 10, 2012
E-payments rapidly phasing out paper checks
Source: Sandra Block, USA Today
Even in this fast-paced, high-tech electronic age, some of us prefer letters to e-mails, phone calls to texts, and one-on-one conversations — ideally, over a cup of tea — to Skype. Your Money Increasingly, though, even traditionalists will have no choice but to accept electronic payments for everything from retirement benefits to tax refunds. Who will be affected: •Savings Bond investors. For the first time in 76 years, you can no longer purchase paper Savings Bonds from a bank or credit union. As of Jan. 1, Savings Bonds are sold exclusively through TreasuryDirect, a Web-based program offered by the Treasury Department.Read Full Article: E-payments rapidly phasing out paper checks
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