Remove Faster Payments Remove IRS Remove Tax Refunds
article thumbnail

State And Local Governments Wrestle With Faster Payments

PYMNTS

Armed with knowledge of superior capabilities, more government agencies are retiring paper, digitizing payments and seeing the benefits. states are caught up in faster payments fervor, but not all officials seem persuaded. Illinois could have saved an estimated $1 million by digitizing its payments.

article thumbnail

Death And Taxes: One Is Becoming Much More Digital

PYMNTS

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments.

article thumbnail

Tax Time Tardiness And The Faster Refund

PYMNTS

The March 2020 Disbursements Tracker ,® done in collaboration with Ingo Money , explores faster payment options that are available to taxpayers and tax preparers in this time of turmoil, so that when refunds are (eventually) issued, they will be digitally disbursed with speed and safety. Platforms Accelerate Payments.

IRS 52
article thumbnail

Why Millennial SMB Owners Need Faster Tax Disbursements

PYMNTS

The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which represents the largest sum of money many of them will receive at one point during the fiscal year. Around the Disbursements World.

article thumbnail

Getting Stimulus Disbursements Right In The Next Round

PYMNTS

[There are] more than 50 million government checks still issued annually, [so] some of the biggest use cases with the largest need for modern payments would likely include IRS tax refunds, VA benefits and FEMA payments, in addition to ad-hoc stimulus relief,” Edwards said. Payors reported that they only make 45.3

article thumbnail

How Smarter Payment Tools Make Filing Taxes Less Taxing

PYMNTS

Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7 percent consumers reportedly receiving this type of payment.