PYMNTS

APRIL 27, 2020

In addition, tax filers who have recently provided bank information to the IRS will get the payments. Americans can use the IRS Get My Payment tool to enter their direct deposit information and track their payments. The IRS’ Taxpayer Advocate Service offers information on the overall program.

IRS 103

IRS Checks Small Business Direct Deposit 103

PYMNTS

JUNE 21, 2018

Meanwhile, 85 percent of respondents want to be certain their funds are safe and secure, and 47 percent want a choice in where funds are deposited. As for the method of disbursement, direct deposit maintains its crown as the most popular. Slightly more than half of respondents (53.7

Electronic Funds Transfer (EFT) 55

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

PYMNTS

APRIL 28, 2020

The Next-Gen Debit Tracker® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools. FIs need to adjust their offerings accordingly to suit consumers’ new needs. Around the Next-Gen Debit World. The Paytm cards can be used both in-store and online.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

PYMNTS

APRIL 23, 2020

Many people have instead received frustrating messages of “Payment status not available.” Others, using the IRS’s Get My Payment tool on its site, have seen messages like “Unable to determine eligibility,” in cases where direct deposit information is unavailable.

IRS 70

IRS Checks Direct Deposit On-Demand 70

PYMNTS

JANUARY 23, 2020

State agencies handle disbursements for property refunds, public programs, taxes and more, and many are still clinging to paper checks as part of their processes, even as they adopt ACH or direct debit payments. We issue checks when a citizen doesn’t designate direct deposit and provide account information.

Checks 52

Checks Government Governance Tax Refunds 52

PYMNTS

APRIL 9, 2020

The need for faster disbursements during this time could thus have a dramatic effect on the rate of digital and mobile payment tool uptake. Even direct deposit has problems as a nationwide disbursement method, as government officials have found, and they will likely need to continue to explore alternative disbursement options.

Checks 71

Checks Online and Mobile Banking Direct Deposit Scams 71

PYMNTS

JANUARY 24, 2020

The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019. These consumers already conduct most of their business online, and will expect retirement tools to keep up with their needs.

Instant Payments 52

Instant Payments Governance Government Direct Deposit 52

PYMNTS

FEBRUARY 27, 2020

Biweekly direct deposit is losing its gleam — more Gen Z candidates expect to access their earnings instantly via ready-to-use payment tools. The company, which collects billions of photos off the internet and uses them for facial recognition technology, said it fixed the problem that caused the data breach.

Payroll 60

Payroll Direct Deposit Data Breach AI 60

PYMNTS

DECEMBER 16, 2020

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,” Jun said in a PYMNTS interview.

Government 93

Government Governance IRS Push-to-Card 93

PYMNTS

OCTOBER 29, 2020

Employers have been working to improve how they pay both full-time and gig workers, and some are finding that the traditional emphasis on paper checks and direct deposits are not going far enough. Deep Dive: How Payment Apps And Real-Time Rails Are Accelerating B2B, P2P Transactions. Download the Report to read the full story.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

APRIL 17, 2020

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. IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments.

Cross-Border 56

Cross-Border IRS Direct Deposit Small Business 56

Fintech Labs Insights

MAY 13, 2015

Next, CBW Bank debuted a new payment tool, the ONE Card : “CBW Bank recently launched a new payment tool, ONE Card, to provide its customers access to a safe and convenient alternative to traditional bank accounts. ” Presenting Suresh Ramamurthi (Chairman) and Randy San Nicolas (Head of Payments).

Direct Deposit 30

Direct Deposit Payments Tools Payroll Acquirers 30

PYMNTS

JUNE 2, 2020

Teladoc recently reported some initial struggles in sending out disbursements to the doctors signed up for its platforms, noting issues in receiving the direct deposit information of those physicians, for example.

IRS 82

IRS Checks Instant Payments Direct Deposit 82

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

OCTOBER 4, 2017

In the world of payments, the need for instant gratification is no exception. News from Around the World of Faster Payments: Over the past few weeks, several companies rolled out their own faster payment services, and the second phase of Same Day ACH officially went live.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

JULY 11, 2017

It’s not just the time it takes to receive the payment. It’s also the corresponding hassle with having to cash a check, as opposed to having money directly deposited into an account, which is both more convenient and quicker.”. “The consumer gets timeliness more than anything,” Mason said.

Push-to-Card 40

Push-to-Card Debit Card Online and Mobile Banking Checks 40

PYMNTS

NOVEMBER 24, 2020

HMBradley rolled out its high-yield savings accounts and direct deposits in March of this year. HSBC Introduces New Global Real-Time Payments Tool. HSBC is debuting a new real-time payments technology that will enable its 14 million international clients to move money via one account in 20 nations.

Real Time Payments 56

Real Time Payments Payments Tools Commercial Card Treasury 56

PYMNTS

JANUARY 23, 2020

Only 3 percent received them via direct deposit that same year. Companies in both industries have access to instant payment tools, but these solutions do not solve their disbursement needs as easily as checks and cash.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

APRIL 16, 2020

It appears the IRS lacked their direct deposit information, the Treasury, companies and experts said. Over the weekend, the IRS tweeted that the first checks had been direct deposited to bank accounts and more money will be coming soon. But glitches have frustrated some taxpayers, the Post reported.

Checks 104

Checks IRS Direct Deposit Treasury 104

PYMNTS

APRIL 15, 2020

The payments to individuals are part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress and signed into law by President Donald Trump nearly three weeks ago. Many of those payments, aimed at relieving the economic impacts of the coronavirus, arrived Wednesday via direct deposit to taxpayers.

Checks 99

Checks Online and Mobile Banking IRS Direct Deposit 99

PYMNTS

APRIL 15, 2020

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. The IRS is committed to helping you get your Economic Impact Payment as soon as possible,” the agency said in a statement.

IRS 92

IRS Tax Refunds Payments Direct Deposit 92