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NEW STUDY: Consumers Hate Getting Checks, Why Do Companies Still Send Them?

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Paper checks are clunky, unpopular and outdated. So, why do they still dominate the American economy, with more than $22 trillion in checks written each year? Ask the ones writing the checks. They rated checks as the worst disbursement method, giving it a score of 4.4 and direct deposit (100.0) out of 100).

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How Gig Work In The US Became A Career

PYMNTS

What’s more, workers who find roles through these marketplaces are much more likely to receive their money via direct deposit or PayPal , as opposed to more cumbersome methods like cash or check. In fact, 70 percent of gig workers reported a high rate of satisfaction with direct deposit payments.

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In Brazil, Banking Customers Turn To Debit, Digital Banking

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Many United States residents are starting to receive federal relief via direct deposits or checks in the mail, but Los Angeles, California, is turning to prepaid debit cards to offer its own pandemic-related financial assistance. Download the Tracker to read the full story.

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ADP: Winning Gen Z Employees With Faster, Flexible Payroll

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The United States federal government issues Social Security benefits to recipients’ reloadable debit cards, for example, thus giving unbanked residents a faster, more secure alternative to receiving payments via paper checks. To read the full Feature Story, download the Tracker. Download the Tracker to read the Deep Dive.

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Where Challenger Banks & Incumbents See The Next Digital Banking Opportunity

CB Insights

Download the free report to find out what it will take for challenger banks to develop a meaningful share of the banking market. This older demographic also accounted for 20% of those who deposited mobile checks for the first time. . get the state of challenger banks report. First name. Company Name. Job Title. Source: FDIC.

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TRENDING: For Fitness Pros Pushing Endurance, New Tools To Push Payments

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For years, personal trainers have relied on old-school equipment like pen, paper and, yes, checks to stay organized, get paid and generally keep their professional lives fit. Deep Dive: Direct Deposits and Tax Returns. To read the story, download the Tracker. . Around the World of Disbursements. About The Tracker .

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Today In Data: B2B VC, Eavesdropper And Amazon Theft Prevention

PYMNTS

180 million | The number of times mobile apps negatively impacted by the Eavesdropper vulnerability — which intercepts texts, voice messages and other user data from millions of smartphones — have been downloaded, according to Appthority. 80 percent | Percentage of U.S. 80 percent | Percentage of U.S.

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