Consumer Payment Card News

Direct Express Debit MasterCard

If you’re tired of having to wait for your paper benefits check in the mail, listen up! The U.S. Department of Treasury announced waiting for those paper checks are soon to be a thing of the past. The Treasury will now provide all federal benefits through a prepaid “Direct Express” Debit MasterCard. This also goes for the 8 million of you receiving Social Security Disability Insurance (SSDI) benefits. This scheme is projected to save Saving Social Security, and ultimately the taxpayer, $1 billion over the next decade with the absence of paper costs. You can also choose a direct deposit option to your checking account. Either way you go, you don’t have to choose until March 1, 2013.

Leave A Reply