PYMNTS

AUGUST 13, 2020

Direct Deposit Isn’t Enough . That requires some wide casting of the net when it comes to considering payout options, said Evers, adding that organizations will often think they have it covered because they have something in place, like direct deposit.

Checks 81

Checks Direct Deposit Payroll Push-to-Card 81

PYMNTS

NOVEMBER 20, 2020

Such factors could drive companies worldwide to seek the utility and flexibility of delivering payroll via prepaid cards, and this month’s Deep Dive examines companies’ growing interest in these tools. . Companies with global workforces need to overcome numerous challenges to quickly and easily pay their employees. Paying unbanked workers

Payroll 78

Payroll Push-to-Card Direct Deposit Debit Card 78

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

NOVEMBER 18, 2020

The November/December Smarter Payments Tracker ® examines how firms are putting payroll apps and prepaid cards to use to resolve frictions for their global workforces. The workers can then use these cards to make retail payments in-stores and online, as well as collect cash at the ATM. Around The World Of Smarter Payments.

Mobile Payments 88

Mobile Payments Distributed Ledger Technology (DLT) Payroll Online and Mobile Banking 88

PYMNTS

OCTOBER 14, 2020

The financial entity has rolled out a push-to-debit feature for its treasury customers with the assistance of a third-party technology partner, according to recent announcements. Using digital push payments can also help add security to B2B transactions, thanks to the cybersecurity measures that can be grafted into these processes.

Instant Payments 103

Instant Payments Treasury Treasury Management Push-to-Card 103

PYMNTS

MARCH 13, 2019

A growing share now prefer push payments into their bank accounts, and more direct-to-bank payments, according to the findings of the latest Disbursement Satisfaction Index , which surveyed 2,000 American consumers. percent of customers received funds by direct deposit, but 46.7 In 2018, 42.7 About the Index.

Direct Deposit 54

Direct Deposit Consumer On-Demand Instant Payments 54

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. And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

DECEMBER 16, 2020

The IRS is ready to deal with direct deposit if you have a regular bank account, and they are ready to deal with paper checks, [but] they are not used to dealing with [more] payment methods on a widespread scale,” Jun said in a PYMNTS interview. “I The Digital And Paper-Based Balance.

Government 93

Government Governance IRS Push-to-Card 93

PYMNTS

FEBRUARY 12, 2020

Another popular variation on BEC scams in 2019, according to the FBI, was the payroll diversion scam, where hackers use a spoofed or hijacked employee account to request that an employee’s direct deposit is routed to a new bank account, which usually ends up being a prepaid card that is emptied almost immediately after the deposit is made.

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

PYMNTS

AUGUST 12, 2020

based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools. Speaking with PYMNTS, Managing Director of North America Kieran Draper said employee expense management and contractor payouts have become a valuable niche for the corporate prepaid card. Streamlining Employee Spend.

B2B 67

B2B Push-to-Card Direct Deposit Payments 67

PYMNTS

MARCH 13, 2020

That’s why Mastercard has been working with public agencies for the last decade-and-a-half via its “marquee” Direct Express platform, which allows public institutions to push funds to citizens via a prepaid solution. million Americans using Direct Express to capture their disbursements annually,” she said.

Checks 75

Checks Push-to-Card Visa Payments 75

PYMNTS

OCTOBER 20, 2017

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. Push payments to cards was highly rated given even the newness of the method. To cut out the cutting of checks?

Direct Deposit 43

Direct Deposit Push-to-Card Checks Payments 43

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. For most people, it has been a long time since they received a paper check that had to be deposited at the bank.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

APRIL 27, 2020

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.

Blockchain 108

Blockchain Tax Refunds IRS Fed 108

PYMNTS

JULY 27, 2020

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.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

DECEMBER 5, 2019

Revenue is primarily generated by debit card fees and it breaks even on most customers in less than a year, the sources said. Chime attracts about 150,000 direct deposit users a month, which features early delivery of paychecks and other perks. . billion, CNBC reported on Thursday (Dec. 5), citing sources.

Direct Deposit 57

Direct Deposit Push-to-Card Debit Card Accounts 57

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.

Debit Card 71

Debit Card Checks Accounts Venmo 71

PYMNTS

JANUARY 8, 2019

As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. It was something that was surprisingly hard for them to find in mainstream banking. The brand has been popular with young professionals.

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

PYMNTS

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . A top goal among payments solutions providers is to make these problems as infrequent as possible — and to do so, many are turning to push payments. . The scenario is reversed for push payments.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

PYMNTS

JUNE 10, 2019

From the issuance of digital cards to consumers controlling those cards (with on-demand access to funds, dictating who can spend what, where, when and how), the roadmap is there, but the execution is a challenge — unless the right tools are in the developer’s toolkit.

Processors 70

Processors Issuers Push-to-Card API 70

PYMNTS

OCTOBER 30, 2020

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. The demand for faster payments is ringing louder than ever during the economic downturn.

Faster Payments 59

Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

NOVEMBER 10, 2017

In an effort to offer rideshare workers faster access to their wages, First Data recently launched a new solution that delivers the money directly onto a debit card. The new Disburse-to-Debit service can push payments over a wide debit card network, enabling rideshare drivers to receive their earnings in real time.

Direct Deposit 40

Direct Deposit Debit Card Push-to-Card Payments 40

Payment Savvy

DECEMBER 11, 2023

Whether it’s receiving your paycheck through direct deposit or paying your bills online, ACH payment solutions have become an integral part of our daily lives. Two Types of ACH Transfers ACH transfers encompass two primary types: ACH direct deposits and ACH direct payments. What Is ACH Bank Transfer?:

ACH 52

ACH Wire Transfer Direct Deposit Wire 52

PYMNTS

JANUARY 1, 2021

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

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

OCTOBER 29, 2020

They face an array of options to help them with their acceleration efforts, with some choosing to start delivering payroll via push-to-card offerings or directly into workers’ digital wallets, for example. It is no secret that they are a slow way to deliver funds, however. Vendors are not the only ones feeling the pain, either.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

OCTOBER 15, 2020

But as it pushes beyond that, it starts to become required, and then they’ll all do it.”. Edwards said the path to instant disbursements is being pushed forward by players like PayPal. For businesses, cash flow is, was and always will be king when it comes to priorities. The Problem With Legacy Systems.

Small Business 60

Small Business Instant Payments Push-to-Card Payee 60

PYMNTS

JANUARY 17, 2019

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

Payroll Payment APIs and Integration On-Demand Identity Theft 69

PYMNTS

JULY 24, 2018

percent) named direct deposit as their preferred disbursement method for recurring payments, with instant payments coming in as the second most popular method (22.4 percent who prefer getting paid via direct deposit and 22.4 A surefire way of annoying people is making them wait for money. Speedier Disbursements.

Direct Deposit 40

Direct Deposit Instant Payments Push-to-Card Checks 40

PYMNTS

JULY 16, 2018

Employers are increasingly moving away from depositing paychecks into employees’ bank accounts, offering instead to add them to payroll cards. Payroll cards work like debit cards, allowing employees to purchase goods and services or make cash withdrawals from ATMs. These cards offer myriad advantages to both parties, too.

Payroll 42

Payroll Card Issuer Debit Card Push-to-Card 42

PYMNTS

APRIL 12, 2018

The company recently partnered with real-time payments provider Push Payments on a solution that allows gig workers to get paid instantly for their services. Other companies are working together to help this population of workers get access to their wages via payroll cards. Around the Disbursements World.

Payroll 57

Payroll Push-to-Card Participant Real Time Payments 57

PYMNTS

APRIL 16, 2020

And apart from pushing the pause button on loans small and medium-sized business (SMB) customers have taken out, the bank has also been busy trying to get federal Paycheck Protection Program (PPP) funds to those clients. Bank of America’s quarterly earnings report yesterday bore that out as the bank reported a 48.5 and Wells Fargo & Co.

Volume 63

Volume Push-to-Card Direct Deposit Shutdown 63

PYMNTS

APRIL 12, 2019

Consumers can receive disbursements in many ways — via direct deposit, debit card, prepaid card and P2P services — but many are not given options. percent said they would like to receive payments via direct deposit, while 24.0 Fast-acting P2P payments services are having a ripple effect on disbursements.

P2P 43

P2P Zelle Venmo Direct Deposit 43

PYMNTS

MAY 3, 2018

In the May edition of the Disbursements Tracker , PYMNTS highlights some of the notable disbursement developments changing the way employees get paid, such as with digital escrow tools, and how borrowers, including small- to medium-sized businesses (SMBs), can access capital through their debit cards and instant deposit services.

Debit Card 51

Debit Card Push-to-Card On-Demand Payments 51

PYMNTS

DECEMBER 13, 2017

But others are pushing forward, particularly with respect to funds availability. The claim, then, can be, if using direct deposit with a given FI, recipients will get their money by a certain time. -based financial institutions (FIs) offer same-day credits. For some firms, Same Day ACH remains a matter of prioritization.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

PYMNTS

APRIL 26, 2018

There was a lot going on during PayPal ’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst expectations nearly across the board and even forecast a better-than-expected result for the rest of the year. PayPal does not want to be a bank. “I

Financial Inclusion 51

Financial Inclusion PayPal Underserved Push-to-Card 51

PYMNTS

MAY 11, 2020

Some got it via direct deposit. Online betting services in the region are now even exploring depositing such sums directly into digital wallet applications on users’ mobile devices.”. The Visa Direct push payments service is likewise an option to disburse PPP funds and other financial relief. People want answers.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

PYMNTS

DECEMBER 15, 2017

Push payments” have value in the movement of funds directly to workers who have — well, worked — and who do not necessarily want to wait for the pay cycle to end in order for direct deposit to show up. The app links Walmart’s payroll system to the individual’s prepaid cards or bank accounts. above minimum wage).

Push-to-Card 46

Push-to-Card ATM Checks Direct Deposit 46