Fintech Finance

OCTOBER 21, 2024

The result is a seamless, fast, and intuitive way for users to update their direct deposits and recurring bill payments, empowering them to take control of their financial lives. We’re excited to partner with MX and to continue leveraging open finance solutions to drive meaningful change in people’s financial lives.”

Direct Deposit 94

Direct Deposit Accounts Consumer Finance 94

Nanonets

APRIL 30, 2024

QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check. After filling in the basic details about the vendor, continue to fill in the financial and tax information of the vendor for seamless transaction and compliance.

Direct Deposit 98

Direct Deposit Payroll Checks Cross-Border 98

Fintech Finance

SEPTEMBER 20, 2024

DailyPay continues to innovate its award-winning worktech platform with a new feature that will help users on their path to financial stability. DailyPay Visa Card is a general purpose reloadable card that allows DailyPay users instant earned wage access for no fee* if they update their direct deposit to the card.

Direct Deposit 98

Direct Deposit Security Federal Reserve FDIC 98

PYMNTS

APRIL 5, 2019

Digital marketplaces have continued to play a critical role in how workers find source jobs. What’s more, workers who find roles through these marketplaces are much more likely to receive their money via direct deposit or PayPal , as opposed to more cumbersome methods like cash or check.

Direct Deposit 81

Direct Deposit Economy PayPal Instant Payments 81

PYMNTS

APRIL 27, 2020

Americans can use the IRS Get My Payment tool to enter their direct deposit information and track their payments. An IRS spokesman told PYMNTS that checks will continue to arrive throughout the summer. In addition to continuing to sent out $1,200 stimulus payments for individual taxpayers, the U.S.

IRS 103

IRS Checks Small Business Direct Deposit 103

Fintech News

SEPTEMBER 22, 2024

In 2023, the financial services industry continued to sustain the most automated bot attacks, with 1.8 The growth in payment fraud primarily occurred through mobile channels, with attackers increasingly leveraging alternative payment methods, such as direct deposit. billion attacks, representing half of the global total of 3.5

Accounts 143

Accounts Scams Bots Account Takeovers 143

Fintech Finance

AUGUST 19, 2024

employees whose pay is processed through UKG Pro the ability to easily set up PayPal Direct Deposit through their employer’s payroll portal. Employees can choose to automatically deposit some, or all of, their paycheck into their PayPal Balance account each pay period, and payroll funds may be available up to two days ahead of time.2

Payroll 52

Payroll PayPal Direct Deposit Payment APIs and Integration 52

PYMNTS

JULY 7, 2020

direct deposit accounts. for class A shares of a company that continues to lose money shows that investors are betting that consumer behavior might have altered fundamentally through digital payments. Separately, direct deposit (stored) volumes through Cash App were $1.3 Value is what you get.”.

Direct Deposit 100

Direct Deposit Volume Deposit Account Caps 100

PYMNTS

SEPTEMBER 16, 2019

The investigations are the latest wrinkles in a story that continues to develop after several employees small businesses said they did not get paid. Direct deposit company Cachet Financial Services , which handles direct deposit transactions, said that $26 million was diverted to MyPayrollHR accounts.

FBI 69

FBI Direct Deposit Wire Transfer Payroll 69

PYMNTS

AUGUST 13, 2019

Recent news articles outline schemes that employees with access to payroll data commit to reroute direct deposits into their own bank accounts or to sign up fake employees for automatic paychecks on a bi-weekly basis. On top of this internal fraud, cyberattackers are also targeting payroll systems with similar intentions.

Payroll 60

Payroll Direct Deposit Phishing Cybersecurity 60

The Fintech Times

MARCH 21, 2024

Whether it’s to cover unexpected expenses, avoid predatory loans, or simply to enjoy more control over their finances, Instant is continually revolutionising the way people get paid.” Flexible Payment Options: Users have the freedom to choose how and when they access their wages.

Direct Deposit 104

Direct Deposit Encryption On-Demand Authentication 104

PYMNTS

FEBRUARY 21, 2017

The firms added that these solutions will also align with the Ministry of Labour and Social Affairs, and the Qatar Central Bank’s efforts to protect employees and their access to wages by promoting direct deposit of payroll into an employees bank account.

Visa 43

Visa B2B Continuity Payroll 43

Payment Savvy

NOVEMBER 9, 2022

Setting up direct deposit for your paycheck. Today, many different types of EFT services are available, ranging from direct deposit to online banking. And with the continued growth of mobile commerce, we can only expect electronic transfers to become even more prevalent. Direct Deposit.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

PYMNTS

JULY 29, 2020

He said that includes the addition of direct deposit, an increase in businesses taking payments through the platform and the planned launch of a Venmo card later this year. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

AUGUST 13, 2020

As she noted, that will only get more important as consumers continue to drive toward digital commerce in a post-pandemic world. Direct Deposit Isn’t Enough . Evers said the goal for the payor should always be to build flexibility into how and when the payee receives funds.

Checks 81

Checks Direct Deposit Payroll Push-to-Card 81

PYMNTS

APRIL 4, 2019

The threat of cyberattacks continues to grow, and small businesses (SMBs) are caught in the crosshairs. The company said in a press release today (April 4) that it has discovered a direct deposit attack, in which fraudsters deploy so-called spear phishing strategies to trick employees into providing bank account information.

Ransomware 63

Ransomware Phishing Direct Deposit Business Email Compromise 63

PYMNTS

JUNE 18, 2020

As the pandemic continues to disrupt everyday life the world over, educational institutions are providing refunds. If students do not have direct deposit, they will get a check sent to them through the mail. Students at Louisiana State University (LSU), in one case, are set to receive reimbursements for some charges.

Direct Deposit 61

Direct Deposit Returns Checks Continuity 61

PYMNTS

NOVEMBER 22, 2016

million and nearly half of all payments — came from direct deposit, or payroll, transactions. million in direct deposit [across Same Day ACH] … it’s a bit more than what I thought. million in direct deposit [across Same Day ACH] … it’s a bit more than what I thought. But when you look at that 1.9

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

FEBRUARY 19, 2019

The results for 2018 make clear that the ACH Network is vibrant and continues to be a vital component of the nation’s economic engine,” NACHA Chief Operating Officer Jane Larimer said in the press release. In a press release , NACHA said it is the fourth year in a row that the ACH Network added more than 1 billion new payments.

ACH Network 82

ACH Network ACH Same Day ACH NACHA 82

PYMNTS

JULY 28, 2020

Starting from that premise, the company has developed three fundamental goals: to continue growing the company’s peer-to-peer (P2P) user base, to increase Venmo’s utility for users’ day-to-day applications and to expand to include businesses. Bringing Businesses Into The Venmo Community.

Venmo 104

Venmo PayPal Direct Deposit P2P 104

PYMNTS

FEBRUARY 17, 2020

Weirder still is this: the federal Department of Education (DoE) now requires higher learning institutions to offer students several options for funds disbursement, yet slow and unsecure paper continues to dominate educational payments. So, if a student does not opt into direct deposit, we have no other option but to refund by check.”.

Direct Deposit 66

Direct Deposit Financial Literacy ACH Checks 66

PYMNTS

MAY 6, 2020

CEO Jack Dorsey noted on the earnings call that new and existing sellers continued to transition from in-store commerce to online channels, aided by curbside pickup and delivery. The company expanded its direct deposit eligibility from 3 million customers in February to 14 million by the middle of April.

Direct Deposit 70

Direct Deposit Volume Bitcoin Transactions 70

PYMNTS

NOVEMBER 4, 2020

Management stated that in the second quarter, new cohorts of Cash App customers had higher attach rates to products beyond peer-to-peer payments, such as Cash Card, Boost, direct deposit and bitcoin investing (the company recently invested in $50 million in bitcoin to keep on its balance sheet) — and we’ll see how those attach rates are continuing.

Bitcoin 83

Bitcoin Volume Direct Deposit NOV 83

PYMNTS

JANUARY 18, 2019

“Unlike traditional [business email compromise (BEC)] attacks, which are starting to raise red flags with financial institutions, payroll diversion attacks eliminate the interaction with banks because it is a direct deposit instead of a wire transfer,” said Crane Hassold, senior director of threat research at the firm.

Business Email Compromise 69

Business Email Compromise Scams Payroll Audit 69

PYMNTS

DECEMBER 2, 2020

that will give its more than 3 million customers access to direct deposits a day early. Revolut continues to go from strength to strength, as it asserts itself as the go-to challenger for consumers eager to have greater ease, access and control of their money,” said Myles Stephenson , founder and chief executive officer of Modulr. .

Direct Deposit 72

Direct Deposit Non-Bank API Faster Payments 72

PYMNTS

MAY 12, 2020

Dayforce Wallet leverages the Dayforce platform’s continuous calculation capabilities to deliver an accurate, on-demand payment, instead of an approximation of earnings. The funds are then deposited in real time into the Dayforce Wallet app, allowing individuals to access their funds without waiting for bi-weekly payout.

Payroll 108

Payroll On-Demand Direct Deposit Process 108

PYMNTS

AUGUST 5, 2020

Square is poised to take meaningful direct deposit share from banks,” SunTrust’s Andrew Jeffrey said in a report , adding that “pandemic stimulus highlights Cash App’s unique functionality, which we think can ultimately supplant traditional checking accounts.”.

Cryptocurrency 91

Cryptocurrency Bitcoin Direct Deposit Addressing 91

Nanonets

APRIL 30, 2024

QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check. After filling in the basic details about the vendor, continue to fill in the financial and tax information of the vendor for seamless transaction and compliance.

Direct Deposit 52

Direct Deposit Payroll Checks Cross-Border 52

PYMNTS

OCTOBER 14, 2020

Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. percent of payors surveyed are offering paper checks, direct deposit and credit cards as options for disbursements.

Instant Payments 103

Instant Payments Treasury Treasury Management Push-to-Card 103

PYMNTS

OCTOBER 3, 2017

and direct deposit (100.0) The progression of speed and experience for consumers from paper check to direct deposit and now push payments is undeniable,” said Drew Edwards, chief executive officer at Ingo Money. 36 | Percentage of disbursements that were paid with direct deposit, the most commonly used payment method.

Direct Deposit 46

Direct Deposit Checks Instant Payments Economy 46

Stax

MARCH 27, 2025

Interconnecting 10,000 US banks and credit unions, this network continues to receive high demand. ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. In 2024, it processed 1.2 billion payments, reaching a total value of $3.2

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

PYMNTS

NOVEMBER 3, 2019

1) that kept some of its customers from accessing their accounts and direct deposits, a technical issue that the company has resolved, CNET reported. . Capital One is experiencing a technical issue impacting customer money movement, including direct deposits, and the ability for some customers to access accounts.

Direct Deposit 40

Direct Deposit Data Breach Breach Debit Card 40

PYMNTS

NOVEMBER 3, 2019

1) that kept some of its customers from accessing their accounts and direct deposits, a technical issue that the company has resolved, CNET reported. . Capital One is experiencing a technical issue impacting customer money movement, including direct deposits, and the ability for some customers to access accounts.

Direct Deposit 40

Direct Deposit Data Breach Breach Debit Card 40

PYMNTS

DECEMBER 11, 2018

The freelance and gig work economy continues to grow, creating wide-open opportunities for FinTechs and service providers addressing a range of new pain points for both the talent and the employer.

Payroll 71

Payroll Cross-Border Cross-Border Payments Direct Deposit 71

PYMNTS

MARCH 20, 2020

Giving ad hoc movers seamless, mobile access to wages is thus critical to building and maintaining working relationships, and this is why gig economy moving platform Bellhops facilitates direct deposit payments through its mobile app to its workers or “bellhops,” Luke Marklin, the company’s CEO, told PYMNTS in a recent interview. “[Gig

Faster Payments 56

Faster Payments Direct Deposit Payments Economy 56

PYMNTS

AUGUST 10, 2020

In addition, he continued, FIS has brought its first bank onto the platform, and shortly 400 banks will have access to RTP. That also dovetails with banks that offer real-time payroll the desire to capture direct deposits and cement customer loyalty.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

NOVEMBER 10, 2016

9) that revenue and earnings surpassed Wall Street expectations, driven by growth in its core card business and in newer initiatives, such as direct deposit and fund reloading on those cards. Results are also being driven by Green Dot’s higher-margin cards, and especially as direct deposit activity on those cards helped lift sales.

Direct Deposit 48

Direct Deposit CFPB NOV Rules 48