Modernizing Government Payments Starts With Prepaid Inclusion

The Innovative Payments Association (IPA) responded to Treasury’s RFI on Executive Order 14247, which calls for the transition from paper checks to digital disbursements for all federal payments. IPA’s letter champions the role of prepaid accounts in this effort.

“Prepaid accounts are a proven, secure, and efficient way to disburse government benefits—especially for unbanked Americans,” said Brian Tate, IPA President and CEO. “Modernizing payments must prioritize access, cost savings, and fraud prevention.”
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The comment letter outlines the extensive regulatory oversight already in place and makes recommendations for simplifying outdated rules that limit consumer access to credit and increase compliance burdens for providers. IPA also cautions against the FCC’s “Revoke All” rule, which could disrupt fraud alerts and financial communications.

Download Comment Letter