WSJ – What is an FEDERAL PAYMENT CARD?
article WSJD – Federal payments card is the most common type of card issued by the Federal Reserve System.
FED is the acronym for Federal Reserve Banks of the United States.
A card is a bank account that provides the ability to buy and sell money with your credit or debit card.
You can use a FED card to buy stocks and bonds, and to purchase mortgage-backed securities and other financial products.
The federal government will issue a $5 billion FED credit card to consumers in the next couple of years.
It is expected to become available to new customers starting in March 2019.
WSJ is also providing a timeline for when you will see this card.
The card is set to be issued by September 2019.
Federal payments cards are used to pay for certain government services such as education and healthcare.
The cards also offer benefits such as a reduction in interest rates and lower fees.
The FED said in a statement to investors this week that it would start issuing FED cards in October 2019, according to the Wall Street Journal.
The government also said that it plans to begin issuing new cards in November 2019.
Associated Press Writer Dan Bice contributed to this report.
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