PYMNTS

FEBRUARY 23, 2017

That day is when the IRS hands out tax refund checks from the previous year’s tax filing. In years past, this money was typically spent on things like paying off credit cards, buying new clothes or taking a trip somewhere exotic. Not this year. percent plan to pay down debt. Here’s the breakdown: Everyday expenses.

Tax Refunds 40

Tax Refunds Payer IRS Returns 40

Fintech Finance

JANUARY 17, 2024

. “Paying over $100 to file your taxes can drain millions of Americans of much-needed liquidity,” said Stuart Sopp, CEO and Co-Founder, Current. ” “For many Americans, their tax refund is the largest check they’ll receive all year,” said Gavin Nachbar, CEO and co-founder, Column Tax.

Tax Refunds 52

Tax Refunds Credit Cards Returns Checks 52

PYMNTS

AUGUST 10, 2020

In other cases, stimulus payments were commingled with tax refunds, and were subject to garnishment. For small- to medium-sized businesses (SMBs) eying RTP, Waterhouse said there’s a looming impetus in the form of instant credit card settlement.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

DECEMBER 3, 2020

The acquisition will lead to “unparalleled offers on credit cards, loans and insurance,” while “the platform” will enable customers to “maximize their tax refund and connect them to high-yield savings accounts and checking accounts,” according to the press release put out by Intuit and Credit Karma.

Tax Refunds 57

Tax Refunds Push-to-Card Acquirers Credit Cards 57

The Fintech Times

JULY 27, 2024

Alipay+ is also adding more digital conveniences for tourists through its recent integration with the taxi app FREENOW , available in seven European countries, and partnerships for digital tax refunds. The latter allows Chinese tourists to receive instant tax refunds on their Alipay app in-store.

Tax Refunds 59

Tax Refunds eWallet Cross-Border SARS 59

PYMNTS

OCTOBER 5, 2016

They cover traditional prepaid cards (including general purpose reloadable cards) mobile wallets, person-to-person payment products, and other electronic prepaid accounts that can store funds. “Our new rule closes loopholes and protects prepaid consumers when they swipe their card, shop online, or scan their smartphone.

CFPB 75

CFPB Rules PayPal Debit Card 75

PYMNTS

MARCH 17, 2020

“By leveraging a disbursements marketplace platform … [firms] would have the ability to facilitate even faster access to refunds – and to an account that the customer chooses. It’s About More Than Taxes. Tax refund disbursements are really just the jelly in the doughnut of a slow migration to instant money.

IRS 52

IRS Tax Refunds Direct Deposit Faster Payments 52

Stax

APRIL 23, 2024

Learn More Understanding ACH Deposits Small business owners often opt for ACH payments to handle billing and tax refunds in order to streamline processes for transferring money, paying bills, and automatically organizing finances. Not to mention, ACH transfers come in the form of debit and credit as well.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

FICO

JUNE 1, 2023

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

Credit Cards 52

Credit Cards Federal Reserve Tax Refunds Returns 52

PYMNTS

AUGUST 10, 2020

Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds. The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet.

Payee 91

Payee Instant Payments Point-of-Sale (POS) Debit Card 91

PYMNTS

MARCH 10, 2017

“I think this is why you’ll see that comment from the IRS on the 400 percent spike because a lot of the campaigns that are going on may not necessarily be designed to go after your tax information or make money off you that way.”. Cybercriminals aren’t always going to go after credit card information, because they don’t have to.

IRS 57

IRS Phishing Tax Refunds Returns 57

Stax

SEPTEMBER 17, 2024

ACH transfer is used for various purposes, such as payroll, paycheck direct deposits, recurring and one-time bill payments, Business-to-business (B2B) payments, direct deposit of tax refunds or government payments, Buy now pay later (BPNL), and person-to-person (P2P) payments such as PayPal , Cash App, Zelle, and Venmo.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Payment Savvy

SEPTEMBER 5, 2024

It’s a way to move money directly from one bank account to another without using paper checks, credit cards, or cash. Your paycheck, tax refund, or even a government benefit could be sent to you this way. When comparing ACH deposits to credit card payments, there are a few things to think about.

ACH 52

ACH ACH Network Wire Transfer Direct Deposit 52

PYMNTS

OCTOBER 29, 2019

percent want instant payments to a debit card and 10.8 percent want instant payments to a credit card. Both Mastercard and Visa report that disbursements via debit cards to consumer and SMB bank accounts are on the rise. Government disbursements cover tax refunds, among other payments. Specifically, 38.2

Instant Payments 40

Instant Payments Tax Refunds Debit Card Real Time Payments 40

Clearly Payments

JULY 16, 2024

How Fraud Rate is Measured The fraud rate in the context of credit card transactions is defined as the percentage of total transactions that are identified as fraudulent. Fraud Rate by Industry in 2023 Credit card fraud is a pervasive issue impacting various industries, each with unique vulnerabilities and estimated fraud rates.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Nanonets

APRIL 8, 2024

Examples include direct ACH payments for utility bills, to a friend as an alternative to wire transfers, and to your credit card company to pay your monthly statement. ACH credit transactions can include your payroll, government benefit payments, tax refunds, or invoiced payments for contractors.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

EBizCharge

APRIL 25, 2024

EFTs enable seamless direct payments for operations, including payroll, tax refunds, and recurring bills. EFTs include many electronic payments, including direct payments like salary deposits, tax refunds, and ATM transactions.

Wire Transfer 52

Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 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

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

PYMNTS

FEBRUARY 13, 2020

McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. Also, “credit remains a huge, untapped opportunity,” he said, with 50 million credit cards compared to 800 million debit cards.

B2B 65

B2B Cross-Border Payments Cross-Border Payments 65

Fintech Labs Insights

JULY 29, 2016

Refundo’s products include the Dashboard tax refund processing platform, a refund anticipation loan (RAL) alternative called NOW, and their audit advisory service, Audit Pros. The post Refundo Previews Mobile Tax Filing App Connect appeared first on Finovate. Roger Chinchilla is CEO.

Tax Refunds 22

Tax Refunds Audit Payer Credit Cards 22

EBizCharge

SEPTEMBER 17, 2024

For instance, ACH direct deposits, such as payroll, government benefits, or tax refunds, often have higher limits than direct payments for bills or purchases. Transaction types The maximum ACH transfer may vary depending on the nature of the transaction.

ACH 52

ACH Same Day ACH Electronic Funds Transfer (EFT) Direct Deposit 52

Payment Savvy

DECEMBER 11, 2023

These transfers include various payment types, such as paychecks, employer-reimbursed expenses, government benefits, tax refunds, annuity payments, and interest payments. These apps allow you to send money using email addresses or phone numbers, and the funds can come from your bank account, credit card, or in-app balance.

ACH 52

ACH Wire Transfer Direct Deposit Wires 52

PYMNTS

MAY 4, 2017

Cards are perhaps proving a sticking point in the move toward electronic payments. Pierce stated that the first thing that cardholders are doing upon getting prepaid cards (loaded with everything from tax refunds to general government benefits) is going to the ATM and withdrawing cash from those cards.

ATM 77

ATM Tax Refunds Non-Bank Digital Payments 77

Payment Savvy

FEBRUARY 23, 2023

Whenever there is an issue with a direct debit or credit card transaction, one of the parties involved in the payment processing will send a code. Common ACH direct deposits include payrolls, benefits, tax refunds, or interest payments. It is a kind of payment that goes from a commercial account holder to a consumer.

ACH 52

ACH Returns RDFI ODFI 52

FICO

JUNE 21, 2021

Many credit card issuers were faced with making new operational decisions, adapting to new regulations, and providing a safe and engaging customer experience. On average, authorization approval rates are higher for delinquent credit card transactions. Authorization Approval Rates.

Card Issuer 52

Card Issuer Issuers Tax Refunds Credit Cards 52

The Fintech Times

MARCH 26, 2025

In the case of a federal tax return, this process usually takes weeks, with some instances even two months. To speed up this process, DailyPay , the worktech and on-demand pay provider, has expanded its platform so workers can get their federal tax refunds up to five days earlier.

Returns 59

Returns Tax Refunds Credit Cards Funds Availability 59

PYMNTS

JANUARY 8, 2019

government shutdown continues, a Trump official has promised that tax refunds will go out on schedule. Tax refunds will go out,” the acting director of the White House Office of Management and Budget, Russell Vought, told reporters on Monday (January 7), according to Bloomberg. While the U.S.

Tax Refunds 49

Tax Refunds Shutdown IRS Direct Deposit 49

PYMNTS

NOVEMBER 28, 2016

To get a sense of how close to the edge people are, the Federal Reserve Board asked people whether they were be able to cover a $400 emergency payment with cash or with a credit card. So, the inability of more than half of adults in these families to cover just $400 for current funds or on an existing credit card is deeply concerning.

Consumer 51

Consumer CFPB Credit Cards Federal Reserve 51