For example, the Cash Management Function has 4 Processes in which requirements have been categorized: Treasury Information Maintenance, Payment Confirmation, Reconciliation and Cash Forecasting.

WHITEHOUSE: Core Requirement Updates Description of Requirement Spreadsheets | The White House

In reality, the interest payment never left the Treasury building.

FORBES: Quantitative Easing and the Money Printing Press

In addition, there were serious communication problems between the Federal Reserve Bank of New York and the Treasury Department regarding AIG's retention payment program.

FORBES: Business In The Beltway

"My goal, one that's been talked about for many years, is to get out of the check-payment business, " said Richard Gregg, Treasury's Fiscal Assistant Secretary and one of the officials overseeing the program.

WSJ: Tax Refunds Move to Debit Cards

Little wonder that the non-executives on the court of the Bank of England have taken a couple of weeks to ratify the chunky housing payment which was offered to Mr Carney by the Treasury.

BBC: Protecting the new governor's lifestyle

"The consultation proposes reforms that will protect those who rely on more traditional payment mechanisms by ensuring that consumer concerns are taken into account, " said the Treasury.

BBC: Cheques: Payments Council to be curbed