The Paypers

JANUARY 22, 2024

US-based fintech company Pinwheel has partnered with Jack Henry to expand its direct deposit switching (DDS) solution.

Direct Deposit 36

Direct Deposit FinTech 36

The Paypers

FEBRUARY 18, 2022

Freddie Mac has announced that it will roll out an automated process that allows mortgage lenders to assess a prospective homebuyer’s direct deposit income, according to housingwire.com.

Direct Deposit 53

Direct Deposit Verification Assessments Automation 53

Finextra

JULY 11, 2024

Customers want their banks to work for them to enable their goals, not to create new sources of complexity and potential challenges in their financial lives.

Direct Deposit 52

Direct Deposit 52

PYMNTS

APRIL 9, 2019

A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. They might just say, ‘I need to update my direct deposit information,’” Erik Nyberg, director of information technology at KVC, told CNBC. “Or Or they start with, ‘Hey, do you have a second?’

Direct Deposit 83

Direct Deposit Scams Wire Wires 83

PYMNTS

MAY 11, 2020

The Internal Revenue Service (IRS) says it’s making progress distributing stimulus checks, and there’s still time for recipients to get their checks direct deposited. It’s the last chance to obtain a direct deposit of their economic impact payment instead of a paper check.

Direct Deposit 64

Direct Deposit IRS Checks Social Security 64

The Paypers

AUGUST 17, 2023

Pinwheel has partnered with Plaid for direct deposit services, adding to the list of solutions based on income products and fintech innovation.

Direct Deposit 36

Direct Deposit Innovation FinTech Product 36

The Paypers

SEPTEMBER 1, 2023

Alkami has partnered with Atomic to offer a direct deposit switch solution to US-based financial institutions, enabling account holders with seamless payroll account connections.

Direct Deposit 41

Direct Deposit Payroll Accounts 41

PYMNTS

DECEMBER 19, 2019

With a problem at the Federal Reserve that has since reportedly been fixed, direct deposits, as well as other financial transactions, were delayed on Thursday (Dec. Banks were told about a “disruption” in the automated clearing house (ACH) network that brought about delays in settlements, CNN reported. The Fed noted at 10:31 a.m.

Direct Deposit 52

Direct Deposit Fed Federal Reserve ACH 52

PYMNTS

FEBRUARY 19, 2019

Payroll and accounting software company Patriot Software is addressing the friction of onboarding employees to receive wages via direct deposit. 18), Patriot Software said it is rolling out Patriot Direct Deposit, a way to streamline employee onboarding to direct deposit via standard four-day ACH or bank wire transfers.

Direct Deposit 49

Direct Deposit Payroll Wire Transfer Checks 49

PYMNTS

JUNE 22, 2018

Consumers love direct deposits when it comes to recurring disbursements, but they aren’t always satisfied with paper checks. percent : The percentage of consumers that named direct deposit as their preferred disbursement method for recurring payments.

Direct Deposit 40

Direct Deposit Credit Union Checks Consumer 40

PYMNTS

OCTOBER 8, 2018

PYMNTS research found that 51 percent of full-time gig workers prefer to be paid via PayPal , which outranked all other forms of payment, including direct deposit. Direct Deposit’s Rebuttal. It’s important to note that there are cases where gig workers may be better off paid via direct deposit.

Direct Deposit 67

Direct Deposit PayPal Wire Transfer Zelle 67

PYMNTS

MARCH 8, 2018

Square has just launched the ability for ACH direct deposits, allowing users to put their paychecks and other deposits directly into their Cash app balance. Cash App now supports direct deposits for your paychecks. The company made the announcement on Twitter , writing “PAYDAY!

Direct Deposit 42

Direct Deposit ACH Venmo Debit Card 42

TechCrunch Fintech

FEBRUARY 15, 2024

Apple’s recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer “up to” a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats.

Direct Deposit 92

Direct Deposit API Accounts Blocks 92

PYMNTS

FEBRUARY 2, 2018

experts warned of a type of payroll scam that sees fraudsters diverting direct deposits from employee accounts to criminal accounts. In many circumstances, they are effectively spoofing the sender’s account, and employers are learning of the scam when employees begin reporting that they did not receive their direct deposits.

Direct Deposit 48

Direct Deposit Payroll Scams Due Diligence 48

The Paypers

JUNE 20, 2022

Binance has halted direct deposits and withdrawals in Brazil, according to coininspectator.com.

Direct Deposit 31

Direct Deposit 31

PYMNTS

FEBRUARY 22, 2019

Much has been said in this space about Business Email Compromise ( BEC ) scams, where bad actors frequently pose as corporate officials, directing targeted individuals to send money to different accounts, or they pose as suppliers and present phony invoices to be paid. In December, the U.S.

Direct Deposit 54

Direct Deposit Scams IRS Business Email Compromise 54

Agile Payments

SEPTEMBER 24, 2019

Recent news has once again exposed the reality that there are inherent risks for a third party ACH processor in handling and processing payroll transactions for a company who handles payroll for multiple companies or even a single company's needs.

Direct Deposit 68

Direct Deposit Payroll Risk Process 68

PYMNTS

JUNE 1, 2018

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. The tool supports businesses “who want to pay their independent contractors the same convenient way they pay their employees – via direct deposit,” the company said in a press release.

Direct Deposit 40

Direct Deposit B2B IRS Payroll 40

PYMNTS

JANUARY 24, 2018

—The majority of gig workers — 54 percent — are paid by direct deposit. They also are not convenient for employees, who may have to go to the bank if they are not using services like mobile check deposit. Direct deposits, of course, avoid another potentially pitfall: lost or stolen checks. —Gig percent.

Direct Deposit 51

Direct Deposit PayPal Payments Economy 51

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

OCTOBER 21, 2024

The result is a seamless, fast, and intuitive way for users to update their direct deposits and recurring bill payments, empowering them to take control of their financial lives. This integration allows us to deliver that actionable intelligence for organizations and empower consumers to take that immediate next step.“

Direct Deposit 80

Direct Deposit Accounts Consumer Finance 80

Stax

APRIL 23, 2024

TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACH operators because they are more convenient than most direct deposits.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Nanonets

APRIL 30, 2024

QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check. Paying Contractors through Direct Deposit Paying contractors through direct deposit with QuickBooks Online is just as simple.   Of course!

Direct Deposit 98

Direct Deposit Payroll Checks Cross-Border 98

Finextra

JUNE 6, 2024

Mastercard has updated its Open Banking platform to enable people to automatically switch their direct deposits and update their recurring bill payments when they open or update an account.

Visa 78

Visa Direct Deposit Accounts Payments 78

PYMNTS

APRIL 22, 2020

All he could say is that the IRS will direct-deposit the money or mail checks through the spring and summer. Many included bank routing numbers for electronic refunds, which the IRS is now using to direct-deposit stimulus checks to those who qualify. The assistance was made possible by the $2.2

IRS 130

IRS Checks Direct Deposit Bank Routing Number 130

Payments Dive

NOVEMBER 15, 2023

The buy now, pay later provider’s account will offer savings-level interest, ATM access and direct deposit, Affirm executives said.

Accounts 88

Accounts Direct Deposit ATM 88

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

PYMNTS

DECEMBER 22, 2020

In addition, customers who used PayPal or Venmo 's Direct Deposit features to receive the stimulus checks the first time via the CARES Act will receive the new $600 payments automatically through the same service this time if they're eligible for the checks.

Checks 113

Checks PayPal Direct Deposit Venmo 113

Finextra

APRIL 11, 2024

SmartSave, UK digital bank Chetwood Financial‘s savings proposition, has doubled last year’s milestone by reaching a total of more than £2 billion in direct deposits.

Direct Deposit 59

Direct Deposit 59

Finextra

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. PayPal has teamed up with UKG, a leading provider of HR, payroll, workforce management, and culture solutions, to give U.S.

Payroll 52

Payroll PayPal Direct Deposit Process 52

Paystand

SEPTEMBER 20, 2024

Bank Transfer Why EFT Payments Matter for Businesses Key Takeaways EFT (Electronic Funds Transfer) refers to digital payment transactions, including direct deposits, peer-to-peer payments, and card transactions. An EFT example is direct deposit, where funds are transferred electronically into an employee’s account.

Transactions 40

Transactions Wire Transfer Direct Deposit ACH 40

PYMNTS

APRIL 16, 2020

.” The prepaid card, which offers cardholders an alternative to brick-and-mortar banks, can accept direct deposit payments, including paychecks and government benefits. They will then receive account information that can be used to update to their direct deposit information once enrollment is completed.

Direct Deposit 94

Direct Deposit Treasury Deposit Account Enrollments 94

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. On-demand pay fees will be waived for any DailyPay transfers made to a DailyPay Card set up with direct deposit. Other fees and limits apply.

Direct Deposit 98

Direct Deposit Security Federal Reserve FDIC 98

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 93

Direct Deposit FDIC Credit Cards Debit Card 93

Finovate

AUGUST 21, 2024

At the conference, the company demonstrated its income and employment verification and direct deposit switch technology. Truv credits its direct deposit switch solution for enabling institutions to increase direct deposits by up to 65%.

Verification 59

Verification Point-of-Sale (POS) Process Direct Deposit 59

EBizCharge

AUGUST 28, 2024

This fundamental component of the banking industry enables the correct routing of funds for transactions such as direct deposits, wire transfers, and electronic funds transfers (EFTs). It’s important to verify the appropriate ABA number for your transaction, especially when setting up direct deposits or initiating wire transfers.

Wire Transfer 52

Wire Transfer Direct Deposit Wires Wire 52

EBizCharge

AUGUST 28, 2024

This fundamental component of the banking industry enables the correct routing of funds for transactions such as direct deposits, wire transfers, and electronic funds transfers (EFTs). It’s important to verify the appropriate ABA number for your transaction, especially when setting up direct deposits or initiating wire transfers.

Wire Transfer 52

Wire Transfer Direct Deposit Wires Wire 52