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IRS $1,200 Stimulus: Why Your Check Is Not In The Mail

PYMNTS

Many included bank routing numbers for electronic refunds, which the IRS is now using to direct-deposit stimulus checks to those who qualify. However, delays have plagued the aid. IRS figures show that nearly 156 million Americans filed taxes last year, including about 89 percent (138 million) who filed electronically.

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Open Payments Coalition Launches Universal Payment ID

PYMNTS

Members of the newly-formed Open Payments Coalition, which include GoPay, Ripple, Blockchain.com, BitPay, Brave, Flutterwave, and Mercy Corps, say the newly minted PayID will enable customers to send and receive money across any of their payment networks without the hassle of dealing with credit card or bank routing numbers.

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PayID: Bid For Universal Payments — Or Crypto Legitimacy?

PYMNTS

The Open Payments Coalition has said the IDs would be operational across networks and would eschew common staples of payments such as credit cards and bank routing numbers. The operative model here is the platform, where a universal payment ID would ostensibly make sending money as easy as sending emails.

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Deep Dive: Why The $1.6T P&C Insurance Industry Is Turning To eChecks For Payment Flexibility

PYMNTS

eChecks are attached to companies’ checking accounts and sent using recipients’ bank routing numbers and ACH payment systems to push funds from one account to another. PYMNTS’ research also found that 30.1 percent of those surveyed would like to receive claim payments via instant payment methods.

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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

For an ACH fraud, scammers need to acquire simply an account number and bank routing number. However, even if an illegal, fraudulent funds transfer is processed from your account, you can avoid liability for the payment if you notify your bank or processing house within two months.

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How to Make a Wire Transfer with Paypal?

Nanonets

To set up a wire transfer with Paypal, you'll need to have a few things handy: -Your Paypal account login information -The email address or phone number of the recipient -The amount of money you want to send -Your bank routing number and account number Once you have all of that, you're ready to set up the transfer.

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How to Make a Wire Transfer with Paypal?

Nanonets

To set up a wire transfer with Paypal, you'll need to have a few things handy: -Your Paypal account login information -The email address or phone number of the recipient -The amount of money you want to send -Your bank routing number and account number Once you have all of that, you're ready to set up the transfer.