Electronic Fund Transfer news and trends

Baltimore Loses Over $803,000 to Fraud Involving Vendor Payments

August 27, 2025

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Treasury Department, disbursements, paper checks, digital payments, EFT, electronic fund transfer
Treasury Department Aims to Limit Federal Agencies’ Use of Checks
Digital Payments // January 09, 2023

A federal agency is proposing more limits to the government’s use of paper checks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

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Baltimore Loses Over $803,000 to Fraud Involving Vendor Payments

August 27, 2025
The City of Baltimore lost over $803,000 when a fraudster diverted two of the city’s electronic fund transfer (ETF) payments intended for a vendor to another bank account. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to […]

Treasury Department Aims to Limit Federal Agencies’ Use of Checks

January 09, 2023
A federal agency is proposing more limits to the government’s use of paper checks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...