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Treasury Stops $99M in Wrong Payments | Salt Lake City News
Treasury just pulled off a massive fraud prevention win, stopping $99 million in payments meant for people who are no longer alive—out of a staggering $2.77 trillion in federal payments. By sifting through 885 million transactions, they flagged over 4,900 erroneous payments and halted them before they left the system. This new verification system, powered by permanent access to a deceased persons database (thanks to a February law), is part of a broader upgrade including the “Do Not Pay” program. The pilot program already showed potential to save hundreds of millions annually—this is about…
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