PYMNTS

MARCH 30, 2020

And the pandemic appears to be accelerating the shift from paper checks and direct deposit to more flexible electronic payments such as PayPal and DailyPay, CNBC reported. And while direct deposit remains the dominant form of payment at 80 percent, nontraditional payment methods have been making inroads.

Direct Deposit 52

Direct Deposit Venmo PayPal Zelle 52

PYMNTS

DECEMBER 23, 2019

Over P2P payments, security at the gas station point of sale (POS) and even over direct deposits, there were a lot of moving parts last week that apparently had some issues moving in tandem. Venmo and PNC’s Spat Over Zelle . PNC is part of the consortium of banks that own Zelle.

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52

PYMNTS

AUGUST 10, 2020

That also dovetails with banks that offer real-time payroll the desire to capture direct deposits and cement customer loyalty. Silicon Valley, marked by, say PayPal or Uber, have long been realizing the value inherent in making disbursements via RTP.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

Stax

SEPTEMBER 17, 2024

ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

JULY 27, 2020

For example, many workers who receive their payroll biweekly via a direct deposit on payday or pensioners who receive their payouts on the exact same day count themselves as receiving an instant payment because their money is in the account instantly on the exact day it is supposed to show up.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

APRIL 12, 2019

Consumers use Venmo and Zelle to quickly settle shared expenses between friends, and they know the money will arrive in their bank accounts within a few minutes — or even seconds. Consumers can receive disbursements in many ways — via direct deposit, debit card, prepaid card and P2P services — but many are not given options.

Zelle 43

Zelle P2P Venmo Direct Deposit 43

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 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. ACH is also the technology behind most peer-to-peer money transfer services in the US, including Paypal, Zelle, Cash App, and Venmo.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

JUNE 1, 2020

i2c’s McCarthy noted that looking back over the past 10 years, “I wouldn’t have believed the types of structural changes we’ve seen” where the advent of PayPal, Zelle, contactless cards, and mergers and acquisitions that have created companies with full suites of payment products have made the shift easier.

Cross-Border 69

Cross-Border Payments Privacy Issuers 69

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The digital economy is here and, for many consumers, it has become a way of life. But, with this progress comes friction in the form of a payments patchwork.

Consumer 56

Consumer Same Day ACH C2B B2C 56

PYMNTS

MAY 22, 2018

According to PYMNTS’ own research, 82 percent of customers make use of direct deposit , while 96 percent of consumers say they are dissatisfied with checks. For the Ingo and Visa Direct relationship, bill pay is on the horizon (allowing for bill payments in real time), and the firms are eyeing cross-border payments as well.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. For most people, it has been a long time since they received a paper check that had to be deposited at the bank.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78