State Treasurer John Schroder is calling on the Louisiana Cash Management Review Board to develop a plan for all state agencies to accept electronic payment options like PayPal and Venmo. Schroder said the state needs to get on board with the new technology.
“And I think the state isn’t keeping up with the ability to let the taxpayers do business with us at their convenience. Rather we make our decision on what’s convenient for government,” said Schroder.
In addition to making payments more convenient, Schroeder said electronic payments save time.
“Because they can make digital payments much quicker, you don’t handle as much cash. There are millions and millions of dollars worth of cash that’s collected that treasury deals with that quite frankly could go straight to the bank,” said Schroder.
Schroder is working with CMRB to craft a plan for state agencies to implement electronic payments.
“We’re very reactionary in state government and I don’t think we’re being proactive enough bringing the technology to the table that provides these convenient services to the taxpayer,” said Schroder.
By law, the state treasurer can make the electronic payment process available to state agencies but cannot require them to use it.