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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
Program Assessment

Program

View Assessment Details

Financial Management Service Payments

The purpose of the program is to issue payments, either by check or electronically, on behalf of Federal agencies to satisfy the financial obligations (such as, Social Security payments, vendor payments, and tax refunds) of the Federal Government.

Rating

What This Rating Means

PERFORMING
Effective

This is the highest rating a program can achieve. Programs rated Effective set ambitious goals, achieve results, are well-managed and improve efficiency.
  • The assessment found that the program has a clear purpose, is well managed, and generally meets its annual performance targets. In 2005, the Program issued 100 percent of payments accurately and on time and 76 percent of these payments were made electronically (approximately 725 million of the 952 million total payments).
  • The program must continue its efforts toward an all electronic Treasury. Each payment transaction that occurs electronically saves the taxpayer about 75 cents and is more secure for the recipient.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Working with Federal agencies to reduce the number of paper check payments and increasing the number of more efficient and secure electronic payments.
  • Implementing Go Direct, a nationwide campaign to encourge current Federal check recipients to switch to direct deposit.

Learn More

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