PYMNTS

JUNE 29, 2020

With the Wealthfront mobile app, customers with direct deposit can get paid up to two days early, as well as set up direct deposit for other payments like a tax refund or company expenses.

Accounts 60

Accounts Direct Deposit Tax Refunds FinTech 60

PYMNTS

MARCH 2, 2020

A 2019 report found that 93 percent of American employee respondents received their earnings through direct deposit, 5 percent were paid through paper checks and 2 percent relied on alternatives like payroll cards. The number of activated payroll cards in the U.S. The number of activated payroll cards in the U.S.

Payroll 52

Payroll Direct Deposit ATM Checks 52

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. One survey found that 6.5 percent of American households were unbanked, for example.

Payroll 78

Payroll Direct Deposit Push-to-Card Debit Card 78

PYMNTS

JANUARY 8, 2019

As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. Chime also provides its customers with access to a network of roughly 40,000 free ATMs nationwide. ”

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

PYMNTS

APRIL 17, 2018

Among the services offered is insurance via the Federal Deposit Insurance Corporation for balances that scale up to limits set in place by the government and image capture for deposits. In addition, employers can directly deposit their wages into accounts, while debit cards can withdraw cash at ATMs.

PayPal 40

PayPal Point-of-Sale (POS) Online and Mobile Banking Debit Card 40

PYMNTS

JULY 16, 2018

Employers are increasingly moving away from depositing paychecks into employees’ bank accounts, offering instead to add them to payroll cards. Payroll cards work like debit cards, allowing employees to purchase goods and services or make cash withdrawals from ATMs.

Payroll 42

Payroll Card Issuer Debit Card Push-to-Card 42

PYMNTS

NOVEMBER 16, 2018

In June , it was reported that Acorns generated 10,000 pre-orders for its new rewards debit card. The card offers perks like investments into Acorns accounts when users make purchases with the card at select retailers. At first, 100,000 cards were set to be available, and cards were to be mailed by Nov.

Direct Deposit 53

Direct Deposit Debit Card NOV ATM 53

Payment Savvy

NOVEMBER 14, 2022

An eCheck is often referred to as a direct debit, ACH payment, or ACH transfer. With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. Consider Direct Deposit System.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

PYMNTS

MAY 6, 2019

Employees have no issues when tips are paid in cash, but when patrons choose to pay their bills with credit or debit cards, managers must often run to ATMs at the end of the night so servers can leave with the funds they’re owed. . There are some 2.6 million restaurant servers in the U.S., Cash’s Double-Edged Sword .

Debit Card 40

Debit Card Point-of-Sale (POS) ATM Direct Deposit 40

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. For a while now, it seems that every drugstore in the U.S. Our timing was right on.

AI 52

AI Fraud Detection Debit Card Error Resolution 52

PYMNTS

JANUARY 5, 2018

The company said the advance funds will be provided to customers via a new American Express Serve Prepaid Card. The Serve Card has no monthly fee, does not require a credit check and includes free withdrawals at over 24,000 ATMs nationwide. Additional perks include free early direct deposit and free online bill pay.

Tax Refunds 41

Tax Refunds IRS Direct Deposit Debit Card 41

PYMNTS

JULY 17, 2018

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. Alabama passed legislation in 2016 to address unfair fees linked to virtual card payments to health care providers. The New York State Department of Labor later appealed the board’s ruling.

Payroll 40

Payroll Legal Laws Debit Card 40

PYMNTS

JULY 31, 2018

In addressing the issue of excessive fees, the payroll card industry has an opportunity to remake its reputation, from a payment vehicle for employees who have no other option in how they get paid to one that employees strategically choose over other vehicles, like direct deposit, for financial management and convenience.

Payroll 41

Payroll Direct Deposit Checks Debit Card 41

PYMNTS

MARCH 1, 2018

Once payments are disbursed, cards can be used to make online and in-store purchases, withdraw funds from an ATM, transfer funds or pay bills. PYMNTS also found that 54 percent of gig workers are paid using direct deposit, a sign that paper checks could face further decline as a payment option.

Financial Literacy 40

Financial Literacy Push-to-Card Credit Cards Online and Mobile Banking 40

Fintech Labs Insights

MAY 24, 2021

Faster access to direct deposits. Business debit card with free withdrawals. Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Free ATM transactions through MoneyPass ($2.50 Choice Financial is the banking provider. Features & benefits listed on homepage: Free.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Available Balance 15

Fintech Labs Insights

MAY 24, 2021

Faster access to direct deposits. Business debit card with free withdrawals. Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Free ATM transactions through MoneyPass ($2.50 Choice Financial is the banking provider. Features & benefits listed on homepage: Free.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Small Business 15

Payment Savvy

NOVEMBER 9, 2022

Setting up direct deposit for your paycheck. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer. The history of electronic funds transfers begins in the 1960s, with the advent of ATMs. ATM Transactions. Credit Card and Debit Card Transactions.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit Funds Transfer 98

Payment Savvy

NOVEMBER 8, 2022

Using your debit card to buy groceries or withdraw cash from an ATM is technically an EFT in the broader sense. EFT payments incorporate any kind of digital payment, including but not limited to ATM withdrawals, direct debit payments, electronic checks, or person-to-person transfers through online banking or smartphone apps.

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

PYMNTS

JULY 30, 2020

Initial attempts to deliver many of these stimulus disbursements via paper checks were met by frictions, however, which partly prompted the federal government to provide four million consumers with funds on prepaid debit cards instead. Going forward, we think debit cards are a safe and secure way of delivering refunds,” he said. .

Treasury 57

Treasury Debit Card Direct Deposit Checks 57

PYMNTS

JANUARY 8, 2018

Those who opt to file with Credit Karma and take their refund early will have their funds deposited onto an American Express Serve Prepaid Card. The Serve Card has no monthly fee, does not require a credit check and includes free withdrawals at over 24,000 ATMs nationwide.

Tax Refunds 42

Tax Refunds Scams Legal Wires 42

EBizCharge

APRIL 25, 2024

EFTs typically include digital payments such as direct deposits, ATM transactions, and credit and debit card payments. EFTs include many electronic payments, including direct payments like salary deposits, tax refunds, and ATM transactions.

Wire Transfer 52

Wire Transfer Wires Wire Electronic Funds Transfer (EFT) 52

PYMNTS

AUGUST 22, 2016

All of a sudden I feel like a criminal with the $100 bill in my wallet that I got that last time I used a Bank of America ATM, and it’s in the genes since I know that my dad has a hoard of cash at home. I chatted with CEO of the Network Branded Prepaid Card Association , Brad Fauss, about this issue not long ago.

Checks 41

Checks CFPB Bitcoin Payments 41

Nanonets

JUNE 29, 2023

Recurring billing functionality Debit card transactions Online payment capabilities Pros of Spendesk: Efficient spend management system, consolidating all company spending data in one place. Features: Users have access to unlimited physical and virtual Visa debit cards, allowing for easy and flexible spending.

Payment APIs and Integration 52

Payment APIs and Integration Online and Mobile Banking Automation Multi-Currency 52

PYMNTS

MARCH 12, 2019

In a press release , the FinTech said its new rewards program, dubbed Stock-Back, enables users to earn fractional shares of stock automatically on qualified purchases by using their Stash debit card. That enables users to build a portfolio of investments that reflect where and how they are spending their money.

Mobile Banking 54

Mobile Banking Direct Deposit Debit Card ATM 54

M2P Fintech

MARCH 28, 2024

without requiring a traditional bank account or debit card. National Financial Switch (NFS) NFS is India’s largest network of shared ATMs. Managed by NPCI, it promotes convenience banking and connects a vast network of ATMs, fostering seamless financial transactions.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

APRIL 26, 2018

The card allows cardholders to spend their PayPal funds at millions of physical store locations, access cash from ATMs and load their PayPal account with cash at over 20,000 retail locations. Consumers can also add direct deposit services to their account or leverage mobile check cashing. “It

Financial Inclusion 51

Financial Inclusion PayPal Underserved Push-to-Card 51