Remove Direct Deposit Remove Economy Remove Push-to-Card
article thumbnail

Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. I think, when you’re spending close to $200, BNPL can make it more palatable and make the items more accessible,” Demsky said. “We Digital-First Banking. Disbursements.

Economy 103
article thumbnail

Hyperwallet Adds Visa Direct To Payout Methods

PYMNTS

21) the addition of Visa Direct , a real-time push-to-card payment solution, to Hyperwallet’s existing payout methods. Visa Direct will allow U.S. payees to transfer their earnings onto an existing Visa debit card. Visa can also transfer funds to non-Visa branded debit cards. in Q1 2017. in Q1 2017.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain

PYMNTS

But it will take weeks for all monies to get to everyone, a timeframe that will likely be pushed as paper checks get sent through the mail to the millions of recipients who don’t have direct deposit set up with the IRS. Very slowly. Tax refunds? It’s a heavy lift, but one that must be addressed sooner rather than later.

article thumbnail

Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

PYMNTS

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. The world has moved to a digital-first economy and I don’t think there is any going back,” Schulman said.

Venmo 84
article thumbnail

Pushing Onward Toward Push Payments

PYMNTS

In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster into the lures and values of push payments, where money is moved directly onto users’ cards and accounts, on demand. We are in the instant economy, said Edwards. What will it take to save the trees? To cut out the cutting of checks?

article thumbnail

From Paper To Digital To Money On Demand: Who’ll Lead The Way?

PYMNTS

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. When ‘Instant’ Really Isn’t.

article thumbnail

Workforce Shifts Bring About Payroll’s Own Evolution

PYMNTS

The evolution of payroll is all about pushing back against the notion of one-size-fits-all. The vast majority of the 35,000 survey respondents told the APA that they get paid via direct deposit, with only 4.3 receiving paper checks and even fewer using payroll cards. ” In the U.S., ” In the U.S.,

Payroll 69