PYMNTS

APRIL 17, 2020

IRS Has Rocky Start With Stimulus Funds As Money Misrouted. 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. JPMC To Require 700 Credit Score, 20 Pct Down For New Mortgages.

Cross-Border 56

Cross-Border IRS Direct Deposit Small Business 56

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 The pandemic is magnifying disbursement friction points for many healthcare providers, who are still relying on outdated methods such as checks.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

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.

Governance 93

Governance Government IRS Push-to-Card 93

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

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

APRIL 24, 2020

The Internal Revenue Service (IRS) said on Friday (April 24) that another eight million Americans have received their coronavirus stimulus payments over the past week. million of the stimulus payments as mandated by Congress, which approved $1,200 for most Americans. The agency said it has issued 88.1

IRS 92

IRS Checks Treasury Returns 92

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

PYMNTS

APRIL 16, 2020

Treasury Secretary Steven Mnuchin to fast-track stimulus payments to Americans, several million taxpayers are still waiting, according to The Washington Post. It appears the IRS lacked their direct deposit information, the Treasury, companies and experts said. But glitches have frustrated some taxpayers, the Post reported.

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.

Checks 99

Checks Online and Mobile Banking IRS Direct Deposit 99

PYMNTS

AUGUST 27, 2020

Some Americans who got smaller stimulus payments than they expected or even none at all in the spring should receive funds soon, CNBC reported Thursday (Aug. The payments will be issued in early- to mid-September. These spouses do not need to take any action to get their money,” the IRS said in the release.

IRS 112

IRS Consumer Payments Payments Tools 112