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What to Know About Tokenization

Basis Theory

Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. Return to Top Comparing Payment Token Types The terms “payment tokens” and “network tokens” have several key differences in utility and flexibility.

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As Federal Checks Disappear, Banks Face Surge in ACH Payments and Rising Fraud Risks

Finextra

About half of all federal checks by volume are for IRS tax refunds, with the rest primarily used for federal benefit payments such as Social Security and income support programs. Federal paper check usage remains concentrated in a few key areas.

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IRS Launches Consumer Portal For Getting Stimulus Checks

PYMNTS

Users must also have a valid Social Security number. . People who don’t have a return filing obligation can use this tool to give us basic information so they can receive their Economic Impact Payments as soon as possible,” Chuck Rettig, IRS commissioner, said in a statement on Friday (April 10).

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What to Prepare for Tax Filing in 2024?

The Finance Weekly

March 15, 2024 Filing of annual tax returns for partnerships, S Corporations, and multi-member LLCs. April 18, 2024 Single-member LLCs, sole proprietors, and C corporations (that follow the standard calendar year for accounting) must file their yearly tax return by this date. April 15, 2024 First quarter estimated tax payment due.

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COVID-19 Stimulus Money Could Show Up In Bank Accounts Today

PYMNTS

According to reports, the IRS will send out a second round of checks to Social Security beneficiaries who did not file tax returns in 2018 or 2019 and receive their Social Security benefits via direct deposit. The stimulus money should help people pay for housing, groceries and basic needs.

IRS 102
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TurboTax Rolls Out Free Tool For Faster Stimulus Payments

PYMNTS

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. The IRS will be using federal tax returns from 2018 or 2019 to determine eligibility. There are roughly 10 million people in the U.S.

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ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

This article will explore the processes involved in ACH payments, explaining how to distinguish returns vs. reversals and answering common questions such as what is an ACH return and can you reverse an ACH payment? government to send payments such as tax refunds, Social Security benefits, and other government assistance programs.

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