PYMNTS

APRIL 9, 2020

This is something that is noticeably difficult when many of these entities in the United States, for instance, still rely on checks as the go-to disbursements default. The need for faster disbursements during this time could thus have a dramatic effect on the rate of digital and mobile payment tool uptake.

Checks 71

Checks Online and Mobile Banking Direct Deposit Scams 71

PYMNTS

OCTOBER 30, 2020

Delivering quick payroll is a prime concern for many companies, and employers looking to improve how they deliver earnings to employees often consider options like payment apps, push-to-card disbursements and the RTP network.

Faster Payments 59

Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

APRIL 28, 2020

The Next-Gen Debit Tracker® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools. Providing funds on these cards helps unbanked individuals access the money immediately, without having to turn to check cashers. Around the Next-Gen Debit World.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

PYMNTS

JUNE 21, 2018

When it comes to getting paid, consumers want quick and easy access to their funds – without the common frictions involved with a paper check. Meanwhile, 85 percent of respondents want to be certain their funds are safe and secure, and 47 percent want a choice in where funds are deposited. percent , the highest among all payment types.

Electronic Funds Transfer (EFT) 55

Electronic Funds Transfer (EFT) Direct Deposit Consumer Instant Payments 55

PYMNTS

JANUARY 24, 2020

Many consumers receive these funds via paper checks, which can suffer delays in transit, causing ripple effects on recipients’ finances as they wait to pay bills, purchase necessities and provide for their dependents. Paper checks are also expensive and cumbersome for the agencies that use them. Check fraud affected 70 percent of U.S.

Instant Payments 52

Instant Payments Governance Government Direct Deposit 52

PYMNTS

DECEMBER 16, 2020

Government agencies fall among the cohort of institutions that need to disburse funds with more speed than usual, but they’re tasked with sending stimulus checks and business loans to the financially vulnerable, making the stakes higher for those who fail to quickly respond to these pandemic-driven changes.

Government 93

Government Governance IRS Push-to-Card 93

PYMNTS

JUNE 2, 2020

Both consumers and physicians, however, are more frustrated by the longer wait times that come with check disbursements at a time when financial strains are more widespread. The pandemic is magnifying disbursement friction points for many healthcare providers, who are still relying on outdated methods such as checks.

IRS 82

IRS Checks Instant Payments Direct Deposit 82

PYMNTS

OCTOBER 29, 2020

Paper checks have long been a mainstay of corporate payments, with 42 percent of companies reportedly using checks to pay vendors in 2019. Deep Dive: How Payment Apps And Real-Time Rails Are Accelerating B2B, P2P Transactions. It is no secret that they are a slow way to deliver funds, however.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

APRIL 17, 2020

The Internal Revenue Service (IRS) is having a difficult time getting coronavirus stimulus money to those who need it the most, with misrouted funds and error messages on the Get My Payment tool. IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments.

Cross-Border 56

Cross-Border IRS Direct Deposit Small Business 56

Fintech Labs Insights

MAY 13, 2015

Next, CBW Bank debuted a new payment tool, the ONE Card : “CBW Bank recently launched a new payment tool, ONE Card, to provide its customers access to a safe and convenient alternative to traditional bank accounts. ” Presenting Suresh Ramamurthi (Chairman) and Randy San Nicolas (Head of Payments).

Direct Deposit 30

Direct Deposit Payments Tools Payroll Acquirers 30

PYMNTS

JANUARY 1, 2021

The IRS is ready to deal with direct deposit if you have a regular bank account, and they are ready to deal with paper checks, [but] they are not used to dealing with [more] payment methods on a widespread scale,” said Linda Jun , senior policy counsel for the AFP. CFOs Guide To Digitizing B2B Payments.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

OCTOBER 4, 2017

Whether it’s summoning a ride, checking information or downloading music or media, the expected wait time is seconds, not hour or days. In the world of payments, the need for instant gratification is no exception. For all the latest notable Faster Payments headlines, check out news and trends in the October Tracker.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

JULY 11, 2017

Once the claim is processed, policyholders must wait several days for a check to arrive in the mail. But even if a claim is filed right away, consumers must typically wait until a check arrives in the mailbox before they can use the funds. It’s not just the time it takes to receive the payment.

Push-to-Card 40

Push-to-Card Debit Card Online and Mobile Banking Checks 40

PYMNTS

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

APRIL 16, 2020

It appears the IRS lacked their direct deposit information, the Treasury, companies and experts said. Over the weekend, the IRS tweeted that the first checks had been direct deposited to bank accounts and more money will be coming soon.

Checks 104

Checks IRS Direct Deposit Treasury 104

PYMNTS

APRIL 15, 2020

The Charlotte Observer reported online banking services at SunTrust and BB&T Bank were down Wednesday as customers logged on to their checking accounts in search of the federal payment of $1,200, $2,400 or more from the federal government. The added volume put a strain on the system.

Checks 99

Checks Online and Mobile Banking IRS Direct Deposit 99

PYMNTS

APRIL 15, 2020

No need to wonder whether your stimulus check is on its way. The Internal Revenue Service (IRS) launched a “ Get My Payment ” tool Wednesday (April 15) to track payments of the coronavirus relief money included in a federal economic stimulus bill. To check status, taxpayers must have filed their 2018 or 2019 taxes.

IRS 92

IRS Tax Refunds Payments Direct Deposit 92