Government To Enable E-Payments
Computerworld - The U.S. government will bring together all of its payment and collection systems under one roof - well, one domain name - this fall with the launch of Pay.gov, a Web site dedicated to the electronic gathering of money.
The site, which will go live in October, was designed to make the government more accessible and to encourage growth of the digital economy, according to the announcement last week from the U.S. Treasury Department.
Pay.gov was designed to handle up to 80 million transactions, totaling $125 billion each year. People will be able to fill out forms and applications, make payments and ask questions seven days per week, 24 hours per day, according to the Treasury Department.
Payments that can be handled online will include fees, fines, sales, leases, donations, loans and some taxes. For example, both companies and individuals will be able to pay Federal Communications Commission license fees, federal excise taxes and alcohol and tobacco fees.
It doesn't include personal or corporate income taxes, however. According to Alvina McHale, legislative and public affairs director at the Treasury, those taxes are already taken care of by other government systems.
Read more about Financial Services in Computerworld's Financial Services Topic Center.



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