This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy.

WASHINGTON—The Treasury Department has agreed to give Elon Musk’s Department of Government Efficiency access to a payment ...

we found that a unified payment system is not only feasible, but could be implemented sooner than the timetable outlined in law. As expected, the design would result in major shifts in payments ...

President Donald Trump said he gave Musk access to the payment systems, and while the Treasury said the access was limited, it sparked criticism. Federal-worker unions sued the Treasury Department ...

The payment system reliably distributes Americans’ tax returns, Social Security benefits, disability payments and federal employees’ salaries. It has historically been off-limits to political ...

The Treasury Department’s Office of Inspector General on Friday said it was launching an audit of the security controls for the federal government’s payment system, after Democratic senators ...