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Amazon Payments Soon A Way To Pay Federal Government

Amazon Payments will soon be an official payment option of the U.S. federal government.

The Bureau of the Fiscal Service announced today (June 29) that Amazon Payments will soon be a digital payment option for consumers needing to make an online payment to the federal government. This is being done in order to increase the efficiency for consumers paying the government electronically.

“We are committed to giving Americans choices for transacting with their government,” said Corvelli McDaniel, Assistant Commissioner for Revenue Collections Management. “Today, digital wallets are popular consumer payment channels because they provide a convenient, safe and simple customer experience.”

In 2015, PayPal and Dwolla were added as digital wallet options for Federal Government payments. What this enables is the ability for consumers to make quick transactions without entering personal information or payment credentials.

According to the Bureau of the Fiscal Service, in the last fiscal year there was $3.98 trillion in revenue collected and 98 percent of that was settled electronically. On Pay.gov, there was more than $143 billion with 162 million transactions. This is the federal government’s web portal for making non-tax related payments to the federal government. Amazon Payments will soon be available for consumers who need to make payments on that site.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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