PYMNTS

NOVEMBER 20, 2020

These employees therefore cannot receive direct deposits and may have to accept paper checks — as well as the fees necessary to cash them — unless they are paid using newer methods like payroll cards. A 2018 survey polled 158 U.S.-based Alternative payroll methods are also important in countries like the U.S.,

Payroll 78

Payroll Push-to-Card Direct Deposit Debit Card 78

PYMNTS

JANUARY 8, 2019

Chime also offers tools that are particularly appealing to younger banking customers, such as automatic savings pushes that instantly round up purchases to the next dollar (a la Bank of America’s Keep the Change program) and options to automatically deposit 10 percent of the customer’s direct deposit payroll into savings.

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

PYMNTS

JULY 30, 2020

Forty percent of respondents told the Federal Reserve in 2018 that they would either be completely unable to afford a surprise $400 expense or would have to sell something to do so. Direct deposit recipients, in comparison, were projected to receive stimulus funds during the week of April 13. . The Five-Month Gap.

Treasury 57

Treasury Debit Card Direct Deposit Checks 57

PYMNTS

DECEMBER 13, 2017

But others are pushing forward, particularly with respect to funds availability. Want to assign a grade to the requirement to make Same Day ACH funds available by 5:00 P.M.? Give it an “A” said Herd, as 66 percent of FIs are already making Same Day ACH funds available, well ahead of the March 2018 deadline.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

PYMNTS

FEBRUARY 6, 2018

From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. local time on the day a transfer is initiated, goes live in March.

Same Day ACH 43

Same Day ACH Faster Payments ACH NACHA 43