article thumbnail

Amazon Payments Soon A Way To Pay Federal Government

PYMNTS

The Bureau of the Fiscal Service announced today (June 29) that Amazon Payments will soon be a digital payment option for consumers needing to make an online payment to the federal government. According to the Bureau of the Fiscal Service, in the last fiscal year there was $3.98 federal government.

article thumbnail

IRS: Stimulus Card Isn’t Junk Mail

PYMNTS

The determination of which Americans would receive the debit cards as opposed to checks was made by the Bureau of the Fiscal Service, which works with the IRS to distribute payments. However, the press release from the IRS plainly tells everyone what to look for in terms of the cards.

IRS 68
article thumbnail

IRS Wants To Make Sure You Don’t Throw Out Your Stimulus Payment Card

PYMNTS

The determination of which Americans would receive the debit cards as opposed to checks was made by the Bureau of the Fiscal Service, which works with the IRS to distribute payments. However, the press release from the IRS plainly tells everyone what to look for in terms of the cards.

IRS 65
article thumbnail

What We’ve Learned Watching Uncle Sam Disburse $2T In Stimulus Payments

PYMNTS

Instead, said Edwards, they handed it off to the dual purviews of the IRS and the Bureau of the Fiscal Service. “By By law, [payments] like these are set up around a checks and balances system so that the IRS authorizes the payments and the Bureau of Fiscal Service distributes them.

article thumbnail

Retail Recovery Veils Serious Headwinds

PYMNTS

Department of the Treasury’s Bureau of the Fiscal Service, the Federal Reserve Board of Governors, and the U.S. “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -34.5 percent on July 16, up from -35.5 percent on July 9,” the Atlanta Fed report stated. percent.”.

article thumbnail

Getting Stimulus Payments To Consumers; Lessons From Round One

PYMNTS

It’s important to solve for risk management and the rails (and the fact, too, that multiple agencies have been involved, such as the Bureau of Fiscal Services). In terms of the mechanics of it all, ACH still remains largely as an offline mechanism. Edwards noted that many checks bounced, and fraud still is a problem.

article thumbnail

Next-Gen Debit Still Ahead Of Its Time

PYMNTS

Department of the Treasury’s Bureau of the Fiscal Service disburses monies to federal benefit recipients, from veterans to senior citizens and many others, it uses millions of direct deposit prepaid debit cards as part of the payments mix. When the U.S. million prepaid debit cards to mostly unbanked federal beneficiaries.