PYMNTS

JULY 30, 2020

The government initially delivered EIP funds in one of two ways: Consumers who had up-to-date direct deposit details on file with the Department of the Treasury could accept stimulus money straight into their accounts, while others had to wait for paper checks to arrive in the mail. The Five-Month Gap. A Switch to Debit.

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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. But those options are there, and at the ready.

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PYMNTS

APRIL 17, 2020

“For weeks, we have pressed the Treasury Department to exercise its authority and ensure that Americans receive the full amount of their stimulus payments,” senators Elizabeth Warren (D-Massachusetts) and Sherrod Brown (D-Ohio) wrote in a letter to the American Bankers Association on Thursday (April 16).

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Accounts Treasury IRS Direct Deposit 57

PYMNTS

JUNE 1, 2020

The issue got the attention of the IRS, which issued a press release last week stating clearly that Americans should be receiving envelopes marked by “Money Network Cardholder Services” and the cards will be issued by MetaBank , which is the Treasury Department’s financial agent.

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Debit Card IRS Direct Deposit Treasury 52

PYMNTS

JULY 28, 2020

Debit can offer quick disbursements to recipients who are unable to receive funds via direct deposit as well as allow them to access funds without facing the fees typically associated with cashing checks. Deep Dive: Why The Treasury Switched To Debit Card-Based Stimulus Payments. Around The Next-Gen Debit World.

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Debit Card Treasury Online and Mobile Banking Governance 85

PYMNTS

JANUARY 27, 2020

Treasury and revenue departments in multiple U.S. The Internal Revenue Service (IRS) has been blazing a digital trail for years and processed 29 million returns via direct deposit between February 2018-2019. States’ Rights and Digital Dollars. It’s indicative of the disordered state of government disbursements.

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Faster Payments Governance Government Tax Refunds 52

Stax

JUNE 27, 2024

They’re mostly used to process direct deposits and payments. Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. Government payments – You can use ACH to pay individual and business taxes to the IRS.

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PYMNTS

MAY 11, 2020

Some got it via direct deposit. Others believe there’s a paper check coming but find no details on the IRS “Get My Payment” web portal set up to track the progress of funds. The Visa Direct push payments service is likewise an option to disburse PPP funds and other financial relief. People want answers.

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Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 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. “We Mastering Multichannel Commerce Playbook.

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PYMNTS

MARCH 17, 2020

Treasury will issue payments to millions of Americans via paper check, delivered in an envelope by the United States Postal Service (USPS). Electronic filing can speed up the entire process considerably, the IRS says, but it’s still a long way from instant money or anything close to that – and consumers are noticing.

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IRS Tax Refunds Direct Deposit Faster Payments 52

PYMNTS

APRIL 13, 2020

The Internal Revenue Service (IRS) said via Twitter on Saturday (April 11) that it has issued the first stimulus checks to bank accounts and more money will be coming soon, Newsy reported on Monday. “ IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today,” the agency tweeted.

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PYMNTS

APRIL 12, 2020

People with direct deposit on file with the IRS will be among the first to get coronavirus relief funds when stimulus payments start going out this week, according to numerous reports Sunday (April 12). Initial payments had already started being deposited into bank accounts on Friday night (April 10), the official said. “We

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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. The Treasury has received complaints primarily from people who used H&R Block , TurboTax , and other tax software services and haven’t seen the money.

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PYMNTS

DECEMBER 29, 2020

Treasury Secretary Steven Mnuchin said the $600 individual checks passed by Congress will start going out by Tuesday evening (Dec. Like the first round of disbursements in the spring, digital payments will be direct-deposited to the accounts of those who have filed taxes in the last few years with the IRS.

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PYMNTS

APRIL 13, 2020

The stimulus checks — some of them, anyway — are coming, via direct deposit, to tens of millions of Americans’ bank accounts over the next several weeks. For those who have not provided direct deposit information to the IRS in recent years, checks — the paper kind — will be cut and sent to recipients.

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PYMNTS

MAY 11, 2020

Treasury Secretary Steven Mnuchin predicted that the economy would be improving “as we go into the summer and we reopen the economy.”. We had $140 million Americans getting (IRS) payments, either direct deposits or checks.”. “I In an interview, U.S. And we’re just now getting that money into the economy.

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