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Treasury Department OKs Electronic Payment Options; Corvelli McDaniel Comments

online licensingThe Treasury Department has started to accept electronic payments via PayPal and Dwolla services options in a move to transition from paper-based processes.

The department’s Bureau of the Fiscal Service announced Wednesday the addition of the PayPal and Dwolla options to the Pay.gov portal for payments to federal agencies.

Treasury intends for the partnerships to expand customer options when conducting transactions with the federal government’s web-based payment service, it added.

Corvelli McDaniel, assistant commissioner for revenue collections management at the bureau, said the department intends for the digital wallets to improve its business processes.

PayPal and Dwolla provide digital wallet services via the Internet and their respective mobile application.

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