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President Trump claims the cost of maintenance for digitizing paper records was over $657 million in fiscal year 2024.
They join a growing number of others across the country who complain their Direct Express MasterCard, the only way they collect social security or veteran benefits, was used by crooks.
BNY wins Treasury's Direct Express benefits contract, gaining access to more than $3 billion in deposits a month.
Mastercard® will serve as the program's payment network, a role it has played since Direct Express®' inception in 2008.
This method, which includes direct deposit to your bank account or a Direct Express Debit Mastercard, aims to minimize risks like loss or theft.
The agency began offering the Direct Express MasterCard-branded card last year. Observers have predicted that recipients of Social Security benefits could eventually become the single largest group ...
The U.S. government has moved nearly all Social Security benefits to electronic delivery, making direct deposit or prepaid debit cards the standard way retirees and other recipients receive their ...