Wilmington, Delaware-based WSFS Bank has launched a new offering that lets customers receive eligible direct deposits from employers and recurring government benefits up to two days early. There are no costs or fees associated with this new Early Pay offering, the bank serving the Greater Philadelphia and Delaware region...
The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash. This change is meant to limit how these migrants can use the benefits, AP reported Friday. The payment cards will only be able...
The popularity of instant payouts has grown in recent years. In 2017, only about 4% of disbursements were paid instantly; as of January, 32% of payments were delivered instantly, according to the PYMNTS Intelligence report “Measuring Consumers’ Growing Interest in Instant Payouts.” One reason is...
TD Bank introduced a tool that lets customers get direct deposits two days early. TD Early Pay, announced in a Tuesday (March 26) press release, is part of a pair of new offerings from the bank that also includes its TD Complete Checking product. “As customer...
For the bad actors, check fraud is en vogue. For consumers, and for banks, the rising embrace of disbursements may have a positive knock-on effect: cutting down on check fraud by reducing the number of checks intercepted by fraudsters. As reported, the Financial Crimes Enforcement...
The next time you check into a hotel, don’t be surprised if you can’t find personnel to greet you, help with your luggage, or put chocolate mints on your pillow. Hotel owners across the United States said they are having a tough time staffing their...
Cross River Bank and Aeropay partnered to enable instant payouts in the gaming industry. Together, Cross River Bank, a provider of embedded financial solutions, and Aeropay, a provider of digital payments, can facilitate instant onboarding for operators and allow them to provide players with faster...
For most American consumers, disbursements — which include earnings and income payments, Social Security payments, tax refunds, insurance claim payouts and loan disbursements — remain an essential aspect of daily life. The PYMNTS Intelligence study “Measuring Consumer Satisfaction With Instant Payouts” highlighted the importance of...
The waning of COVID-19 pandemic has triggered a surge in travel and expenses as professionals increasingly attend conferences and meet with clients. This shift has significantly heightened the demand for reimbursements across various industries. According to findings detailed in “Generation Instant: Business Expense Reimbursements,” a...
