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Finanse publiczne · 26/07/1996

Federal Agencies to Convert to Electronic Funds Transfer for Payments

The Debt Collection Improvement Act of 1996 requires federal agencies to convert from checks to electronic funds transfer in two phases, with phase one starting on July 26, 1996, and phase two covering all federal payments after January 1, 1999.

Source: Federal Register — Department of the TreasuryOpen original release →