Paperless Innovations Inc., a leader in trusted digital payment solutions for government, today announced a strategic collaboration with Fiserv, a global leader in payments and financial services technology. This partnership will align federal fund accounting with modern payment processes, supporting executive orders and legislative reforms designed to eliminate paper checks. The collaboration aims to reduce delays and costs while enhancing security for government disbursements through advanced AI and blockchain technologies.

The federal government’s mandate to phase out paper checks presents a significant opportunity to modernize its payment infrastructure. By integrating Paperless Innovations’ patented, blockchain-secured platform with Fiserv’s extensive payment network, the partnership offers a robust solution for federal agencies. This initiative will protect government and recipient bank accounts by creating pre-audited, transparent, and tamper-resistant payment rails, moving beyond the vulnerabilities of traditional ACH and banking systems.

Fiserv has noted the government’s transition creates a clear path for new business for providers who can support the large-scale move to digital transactions. As the government is not “in the business of operating a transactional financial institution,” the private sector is positioned to provide the necessary expertise and infrastructure for this evolution.

“This collaboration is a pivotal step in transforming how the federal government manages and executes payments,” said Michael Smith, CEO of Paperless Innovations. “By combining our secure, compliant fintech solutions with Fiserv’s vast payment capabilities, we are providing federal agencies with the tools they need to meet modernization mandates, increase efficiency, and ensure the highest level of trust and security in public fund disbursement.”

The joint effort will help federal agencies meet compliance deadlines while delivering a more efficient and secure payment experience for vendors, beneficiaries, and employees. This forward-looking approach leverages the strengths of both organizations to deliver a next-generation financial management ecosystem for the public sector.
About Paperless Innovations Inc.

Our mission is to provide world class blockchain automations surrounding government to business (G2B) obligation and payment processes – restoring public trust in the use of obligated funds, ensuring auditable Accountability, Compliance, and Transparency for all distributions.

Paperless is a leader in the fintech revolution transforming public sector payments. Our deep domain knowledge is built on decades of reconciliation, oversight, and federal procurement and payment programs. Our patented processes add an additional layer of trust through immutable financial ledger actions through existing Federal Reserve, Treasury, and FedNow® payment gateways.