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Getting Stimulus Funds To Those Who Need Them — Without The Paper Check

PYMNTS

As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed. That’s about 70 million Americans.

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Lemonade CFO On The Insurance Industry’s Innovation Dilemma

PYMNTS

Having to file the claim and manually provide bank account details to receive a direct deposit, or wait for a check in the mail, means there is more time between when an incident occurs and when the policyholder can access the funds needed to address it.

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How Endpoint Authentication Can Make (Or Break) The Digital Disbursement

PYMNTS

The government’s experience in disbursing stimulus funds via paper check and direct deposit offered a chance for those in the digital disbursements technology arena to learn from the government’s successes and mistakes, according to Lisa McFarland , executive vice president and chief product officer at Ingo Money.

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Data Dive: Dust-Ups, Hiccups And POS Attacks Edition

PYMNTS

Over P2P payments, security at the gas station point of sale (POS) and even over direct deposits, there were a lot of moving parts last week that apparently had some issues moving in tandem. The specific issue in this case seems to be a security concern that prevented Plaid from accessing end-user data, such as routing information.

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Bank Account Number – Everything You Need to Know

Payment Savvy

These identifiers are essential for direct deposits, check processing, and wire transfers. They are required for processing transactions like direct deposits, check deposits, loan payments, and wire transfers. Understanding how to find and use routing numbers can save time and prevent costly mistakes.

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Visa’s Shrauger On What’s Next (And Why Now) For Visa Next

PYMNTS

Such cross-pollination may mean that a FinTech wants to be able to issue a prepaid card, or is eyeing the ability to create direct deposit accounts down the line. “When push comes to shove, these parties are left having to assemble a lot of capabilities from a whole spectrum of the ecosystem.”.

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What’s the Difference Between Agents and Merchants?

National Merchants Association

With a National Merchants Association merchant account, a merchant can accept credit cards and a vast array of electronic payments, including direct deposit ACH payments and convenient digital wallet payments.