PYMNTS

OCTOBER 24, 2016

Funds are transferred into the recipient’s account linked to a debit card without the need for deposit account number or bank routing code details. The addition of Visa Direct to Hyperwallet helps eliminate the need for direct deposit or cashing checks. also in the press release.

Debit Card 70

Debit Card Payee Near Real-Time Push-to-Card 70

Payment Savvy

MAY 16, 2023

Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Unlike traditional ACH transfers, which can take several days to process, instant ACH transfers significantly reduce the waiting time, making funds available to recipients within minutes.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

JULY 27, 2020

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.

Innovation 98

Innovation Automation End User Near Real-Time 98

PYMNTS

SEPTEMBER 18, 2020

All of these were disbursed to the business via electronic or direct deposit means. “I Connect Roasters works with eCommerce platform provider Shopify to ensure it can both accept and send out payments in near-real time, for example — a capability that will likely prove critical in the days ahead, he added.

Checks 96

Checks Small Business Near Real-Time Direct Deposit 96

PYMNTS

AUGUST 24, 2016

workers surveyed receive funds from their paychecks in less than a day, with the majority of employees (81 percent) getting paid via direct deposit. Without near-real-time payroll tools, the wait for employees to actually see their earnings can be a challenge.

Faster Payments 42

Faster Payments Same Day ACH Payroll On-Demand 42

PYMNTS

DECEMBER 15, 2017

For Mastercard , Cozzo said that the product of this equation was a mobile app and corresponding website where account holders can view balances, access budgeting tools, manage and pay their bills, send P2P payments, set savings goals and receive direct deposits from their employers.

Visa 53

Visa P2P Use Case Issuers 53

PYMNTS

MAY 21, 2018

These marketplaces are highly valued by these workers because they provide leads in near real time. Gig workers told us that, today, they were paid one of four ways : check (40 percent), cash (39 percent), direct deposit (34 percent) or PayPal (32 percent). How they were paid depended on who paid them.

Digital Payments 45

Digital Payments Direct Deposit Payments Economy 45