The system distributes entitlement benefits, grants and tax refunds. Treasury Secretary Scott Bessent approved the move affecting representatives of Elon Musk’s Department of Government Efficiency.

The fintech industry has always thrived on speed and innovation. Startups push boundaries with new products, while incumbents integrate technology to keep up with rising customer expectations. But as ...

Shivansh Chandnani, along with his co-author Ajay Nagrale, explores the pivotal role of idempotency in payment systems in their recent analysis. This concept, rooted in mathematical set theory ...

Elon Musk's control of a federal payment system is raising concerns about funding for programs like Social Security and the safety of personal data.

Four days after Donald Trump’s inauguration, Elon Musk’s top lieutenants at the Treasury Department asked its acting secretary, a career civil servant, to immediately shut off all USAID ...

Fortunately, we have a lot to learn from the rest of the world, where real-time payment systems have proliferated in recent years, and can use their example to identify gaps in the US system.

A 25-Year-Old With Elon Musk Ties Has Direct Access to the Federal Payment System The Bureau of the Fiscal Service is a sleepy part of the Treasury Department.

Nepal's central bank has introduced a new framework for identifying Systemically Important Payment Systems (SIPS), a move ...

The Treasury’s payment system is responsible for delivering trillions in Social Security payments, Medicare benefits and more to millions of Americans across the country.

The Trump administration, in a court filing, said it would not expand access to Treasury Department payment system for Elon Musk's DOGE group.

WASHINGTON, Feb 1 (Reuters) - Billionaire Elon Musk and his government efficiency team have been given access to the U.S. Treasury Department’s payment system, resolving a days-long standoff ...