Fintech Finance

OCTOBER 21, 2024

This partnership is designed to deliver a simplified account switching experience for financial providers and consumers alike. With this integration, financial providers will now be able to more easily identify opportunities where customers can benefit from switching their accounts, while making the process simple and efficient for consumers.

Direct Deposit 94

Direct Deposit Accounts Consumer Finance 94

The Paypers

DECEMBER 14, 2022

US-based fintech Galileo has partnered payroll connectivity provider Atomic to launch a direct deposit feature that enables banks and fintechs to expand financial access to consumers.

Direct Deposit 36

Direct Deposit Payroll FinTech Consumer 36

PYMNTS

FEBRUARY 14, 2020

To that end, SilverCloud CEO and Founder Scott Cornell said that financial institutions (FIs) would do well to take cues from shifts in consumer expectations of the levels of service they receive from tech-savvy companies – and should carry those lessons over to their corporate banking relationships. The Corporate Connection. The SMB Focus.

Consumer 91

Consumer Online and Mobile Banking Small Business Debit Card 91

The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Why is it important? What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Fintech Times

JANUARY 6, 2025

Merchants using Labamu can get invoice and bill payments directly deposited to their bank accounts.” Emmanuel Van De Geer , CEO of Labamu Labamu believes that every small business contributes to shared economic prosperity and we want to empower them,” explained Labamu’s CEO, Emmanuel Van De Geer.

APACS 59

APACS Small Business Direct Deposit Accounts 59

PYMNTS

MARCH 13, 2019

Whether its receiving loans from their financial institutions (FIs), getting rebates from merchants or receiving on-demand payments, consumers want more options in how they receive their disbursements. When it comes to receiving disbursements, there is a growing gap between what consumers want and what they get, the Index highlighted.

Direct Deposit 54

Direct Deposit Consumer Instant Payments On-Demand 54

PYMNTS

MAY 26, 2020

Now more than ever, consumers are looking for ways to manage their money for less, while saving as much as they can. The new Walmart MoneyCard allows customers to do both,” Green Dot General Manager of Consumer Products Mike Keeslar said in the announcement.

Direct Deposit 88

Direct Deposit Debit Card IRS Deposit Account 88

PYMNTS

JULY 26, 2020

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. Its purpose was to review the agency’s handling of authorized third-party access to consumer’s financial data. Congress created the legislation in 2010 that created the CFPB.

Consumer Financial Protection Bureau (CFPB) 69

Consumer Financial Protection Bureau (CFPB) CFPB Consumer Privacy 69

PYMNTS

JUNE 21, 2018

What is the key to meeting consumers’ payment preferences? When it comes to getting paid, consumers want quick and easy access to their funds – without the common frictions involved with a paper check. As for the method of disbursement, direct deposit maintains its crown as the most popular.

Electronic Funds Transfer (EFT) 55

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

PYMNTS

APRIL 13, 2020

The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release.

Electronic Fund Transfer Act (EFTA) 111

Electronic Fund Transfer Act (EFTA) CFPB Consumer Financial Protection Bureau (CFPB) Direct Deposit 111

PYMNTS

JULY 30, 2019

Consumers making less than $30,000 a year are twice as likely to incur an overdraft penalty fee than those who make more. And what consumers really don’t need are mobile banks that are designed to be digitized version of traditional banks, with perhaps low fees or no fees. In the general U.S.

Consumer 76

Consumer Financial Literacy ATM FDIC 76

Payment Savvy

AUGUST 27, 2020

It is not a surprise that consumers today are making more online payments than ever before. Interestingly enough, research by PWC found that the number of consumers making mobile purchases increased from 7% to 17% from 2010-2017. Thus they are the most common payment method consumers use for paying online. Direct Deposits.

Consumer 52

Consumer Online and Mobile Banking Direct Deposit Payments 52

Payment Savvy

MAY 16, 2023

These rapid transfers not only benefit consumers by providing quick access to funds but also streamline business operations and enhance financial institutions’ services. Types of ACH Transfers Direct Deposit Direct deposits are electronic transfers of funds from governments or businesses directly into a recipient’s bank account.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

Fintech Finance

SEPTEMBER 9, 2024

The DailyPay Visa® Prepaid Card will remain a general purpose reloadable (GPR) card with an app that allows users to transfer a portion of their earned wages to the card in real time*, and with no fee** if the user has updated their direct deposit to the card. Other fees and limits apply. See Cardholder Agreement for details.

Direct Deposit 98

Direct Deposit FDIC Credit Cards Debit Card 98

PYMNTS

AUGUST 10, 2020

Consumer demand for real-time payments is the most popular, with 77 percent of institutions citing this as a primary factor. One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it. Credit and debit card payments accounted for 75.3

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

Fintech Finance

SEPTEMBER 20, 2024

DailyPay Visa Card is a general purpose reloadable card that allows DailyPay users instant earned wage access for no fee* if they update their direct deposit to the card. We are committed to continually innovating our products to meet the needs of our users,” said Jack Rubin, SVP of Consumer Financial Solutions at DailyPay.

Direct Deposit 98

Direct Deposit Security Federal Reserve FDIC 98

PYMNTS

MARCH 26, 2020

As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed. That’s about 70 million Americans. Growth in Prepaid.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

NOVEMBER 2, 2018

. “Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH network provides.”. During the same period, direct deposit for payroll and other consumer disbursements represented the largest number of transactions at close to 1.7 According to NACHA , there were more than 3.3

ACH Network 67

ACH Network ACH NACHA Same Day ACH 67

Fintech Finance

AUGUST 19, 2024

employees whose pay is processed through UKG Pro the ability to easily set up PayPal Direct Deposit through their employer’s payroll portal. Employees can choose to automatically deposit some, or all of, their paycheck into their PayPal Balance account each pay period, and payroll funds may be available up to two days ahead of time.2

Payroll 52

Payroll PayPal Direct Deposit Payment APIs and Integration 52

Fintech Finance

SEPTEMBER 13, 2024

With ClaimsPay, Slide policyholders will now have the flexibility of choice for their inbound claim payment, including traditional direct deposits and popular consumer payment platforms such as PayPal, Venmo, and Zelle.

Digital Payments 98

Digital Payments Payment Solutions Direct Deposit Zelle 98

PYMNTS

APRIL 28, 2020

The coronavirus pandemic has left consumers staying home when possible to stop the virus’s spread. Consumers are also avoiding cash out of concern that the virus could linger on physical object and are thus favoring virtual and contactless payment cards instead. Debit cards are also helping consumers receive funds.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

Fintech Finance

AUGUST 15, 2024

Sionic is committed to ensuring financial institutions, merchants and consumers enjoy the benefits of real-time bank payments without the worry of fraud. Merchants receive the digital direct deposits in seconds and bypass expensive credit card processing fees.

AI 97

AI Fraud Detection Technology Real Time Payments 97

PYMNTS

OCTOBER 9, 2020

People who use Clair for direct deposit can get free advances on a percentage of their wages. The crackdown on payday lending has been in the works for years, but nothing concrete has yet disrupted the industry in a way that would benefit consumers.

Direct Deposit 101

Direct Deposit CFPB Venmo Faster Payments 101

PYMNTS

AUGUST 13, 2020

consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost 50 percent when talking about millennials. Consumers [want] electronic access to their funds that is easily accessible and frictionless.”. Direct Deposit Isn’t Enough .

Checks 81

Checks Direct Deposit Payroll Push-to-Card 81

PYMNTS

AUGUST 7, 2020

Many segments have been hit hard by consumers’ rapid transition to digital channels, while others have unexpectedly soared , pushed by an influx of homebound consumers. 47%: Share of consumers who use direct deposit as their preferred method of receiving payment. 32%: Share of U.S.

Global Payments 76

Global Payments Cross-Border Payments Direct Deposit Cross-Border 76

PYMNTS

JULY 7, 2020

direct deposit accounts. for class A shares of a company that continues to lose money shows that investors are betting that consumer behavior might have altered fundamentally through digital payments. Separately, direct deposit (stored) volumes through Cash App were $1.3 Value is what you get.”.

Direct Deposit 100

Direct Deposit Volume Deposit Account Caps 100

Finovate

APRIL 18, 2024

Bankjoy will help its more than 70 bank and credit union customers integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime. Pinwheel Prime has been credited with increasing direct deposit enrollment by 32%.

Direct Deposit 59

Direct Deposit Accounts Credit Union Online and Mobile Banking 59

The Fintech Times

JUNE 8, 2024

Payments giant Mastercard has integrated Deposit Switch and Bill Pay Switch into its open banking platform, in a move that enables consumers to automatically switch their direct deposits and update their recurring bill payments, when opening a digital account or when updating information on an existing account.

Visa 69

Visa Payroll Direct Deposit Credential 69

PYMNTS

APRIL 27, 2020

Americans can use the IRS Get My Payment tool to enter their direct deposit information and track their payments. PYMNTS recently polled more than 8,000 consumers and found that on average, they expect the coronavirus crisis to last until October. The IRS’ Taxpayer Advocate Service offers information on the overall program.

IRS 103

IRS Checks Small Business Direct Deposit 103

PYMNTS

OCTOBER 1, 2020

Middle-class consumers are feeling that they’re getting the short end of the stick when it comes to their relationships with traditional banks, Brian Hamilton , co-founder and CEO at One , told Karen Webster in a recent conversation. But as frustrated as many consumers may be, they aren’t leaving their current banks.

Consumer 113

Consumer Direct Deposit Checks Product 113

PYMNTS

JULY 28, 2020

A few months ago, he stepped into that role — just in time for a global pandemic that turned the entire world upside down, with consumers and merchants doing crash conversions to digital as physical commerce more or less shut down worldwide. Historically, the community for Venmo has been consumer-side.

Venmo 104

Venmo PayPal Direct Deposit P2P 104

Fintech News

SEPTEMBER 22, 2024

The growth in payment fraud primarily occurred through mobile channels, with attackers increasingly leveraging alternative payment methods, such as direct deposit. Payment fraud, in which stolen payment credentials are used to make illegal transactions, rose by 9% YoY, signaling heightened financial risks for banks.

Accounts 142

Accounts Scams Bots Account Takeovers 142

PYMNTS

SEPTEMBER 17, 2020

Square, for instance, recently announced it would be letting Cash App users access wages earlier than usual, which could be an incentive for users to sign up for direct deposit through the app. As the ages go down, the amount of people using digital consumer products just keeps going up, PYMNTS reported.

PayPal 94

PayPal Visa Direct Deposit Shutdown 94

PYMNTS

JUNE 23, 2020

Sesame Cash offers a variety of features, including no-cost daily credit score checks, rewards for improving credit, credit and identity protection services, early payday, real-time transaction notifications, simple access to funds, direct deposit, the ability to freeze or un-freeze a card in the app, and integration with most digital wallets.

Direct Deposit 98

Direct Deposit Payment Programs Checks Product 98

PYMNTS

FEBRUARY 13, 2020

Checks may be cumbersome and flawed, but they persist as one of the top methods by which businesses, legal firms and universities pass refunds to consumers, clients and students. We cannot mandate direct deposit for federal [aid], … per [a] Department of Education regulation,” Rossiter clarified. “So, The Disbursements Catch-22.

Direct Deposit 52

Direct Deposit ACH Checks P2P 52

PYMNTS

FEBRUARY 25, 2020

Coming in at number one with its “two days early” guarantee on direct deposit funds availability and automatic savings options, Chime has proved its popularity with the app banking crowd. The Top 5 Digital Banking Apps.

Direct Deposit 87

Direct Deposit Available Balance Funds Availability Security 87

PYMNTS

DECEMBER 5, 2017

The digital economy is here and, for many consumers, it has become a way of life. Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The ability to keep up with consumer demand is the crux of any capitalist enterprise.

Consumer 56

Consumer Same Day ACH C2B B2C 56