The work of the Kansas City Regional Financial Center (KFC) has evolved from the relatively simple disbursement of handwritten checks into a major financial center that issues payments by electronic funds transfer (EFT) and telecommunications using sophisticated software systems, such as Secure Payment System (SPS), high-speed check printers, and enclosing equipment. KFC processes foreign currency payments and preauthorized debit (PAD) collections, and offers a wide range of financial management services for customers, both in and outside of the federal government.
What we do
Disburse for the Executive, Legislative, and Judicial Branches of the Government.
Annually disburse over 251 million items totaling $262 billion dollars.
Annually collect over $3.7 billion dollars.
Provide payment/collection services to over 325 federal agencies worldwide.
Disburse 32 percent of Social Security benefit payments.
Disburse 53 percent of Supplemental Security Income check payments.
Disburse 100 percent of Supplemental Security Income Electronic Funds Transfer (EFT) payments.
Disburse 63 percent of federal salary payments.
Process all foreign currency payments on behalf of Treasury disbursed agencies.
Develop, test, and implement cash/financial management products and services.
Provide training and education of cash/financial management and accounting products and services.
Implement and monitor cash/credit management, debt collection and accounting programs for federal agencies.
Serve as a financial consultant and advisor to federal, state and local governments; the financial community; and the Federal Reserve System to ensure that FMS initiatives are carried out in practical, efficient and effective manner.
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