For Earth Day, Treasury goes electronic to save $400M

“By
moving to all-electronic payments, Treasury will save hundreds of
millions of dollars and substantially reduce our environmental impact,
making this a win-win for all Americans,” he added.

The
department is requiring that people receive Social Security, Veterans
and certain other benefits electronically – either through direct
deposit or Treasury’s Direct Express card.

The requirement will apply to new enrollees beginning next March and existing recipients beginning in March of 2013.

Elsewhere,
Treasury is requiring increased electronic payment of businesses taxes,
and eliminating the option to purchase paper savings bonds through
payroll deductions.

The 40th anniversary of Earth Day is April 22.

Cross-posted from E2 Wire.