Direct Deposit, Junk Fees and Service Provider

Thoughts on 1033 and Open Banking

Innovative Payments Association

JANUARY 10, 2024

If people believe it is hard to move accounts because they have direct deposits or automatic bill payments established, that reflects their inertia (and maybe the difficulty of dealing with their employers). But protecting consumers also means ensuring companies can create and provide access to necessary products and services.

Junk Fees

Junk Fees CFPB Rules Direct Deposit

The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption

Tearsheet

MARCH 27, 2024

In these partnerships, financial institutions either brand DailyPay’s EWA service as their own or refer their business clients directly to the fintech company. Alternatively, DailyPay charges a fee if employees choose to instantly send EWA wages to a card or account.

Instant Payments

Instant Payments RTP Consumer Financial Protection Bureau (CFPB) FedNow

Payments Space

Thoughts on 1033 and Open Banking

The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption

Webinars

Stay Connected