The Trump administration's effort to modernize federal payment systems is coming to Social Security, which will start phasing out paper Social Security checks.The Social Security Administration (SSA) announced in mid-July that it would no longer issue paper checks starting on Sept. 30. The agency noted in a blog post announcing the move that electronic funds transfers (EFTs) get payments to beneficiaries faster than paper checks, while also providing increased security against fraud and saving the federal government millions of dollars annually – as paper checks cost about 50 cents each to iss...

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