Drawing insights from the “Generation Instant Series,” a collaboration with Ingo Money, PYMNTS Intelligence takes a look at instant payouts across the hospitality, gaming, rental and corporate spaces, examining consumer and worker satisfaction with disbursements received from government and nongovernment entities. The findings underscore the...
The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to repay the funds they received in error. The IRS has been working on this Voluntary Disclosure Program for several months...
Open banking is on the rise. By enabling the sharing of customer financial data between banks and third-party service providers through application programming interfaces (APIs), open banking is reshaping the traditional banking system. In particular, open banking is boosting consumer payouts. According to PYMNTS Intelligence,...
Consumers facing financial difficulties are more willing to pay for faster access to their wages. As found in “Measuring Consumer Satisfaction With Instant Payouts,” a PYMNTS Intelligence study created in collaboration with Ingo Money, consumers who need quick access to funds are willing to pay...
Disbursements are a critical part of consumers’ financial lives, encompassing various payments such as earnings, income, tax refunds, insurance claims and loan disbursements. While these disbursements are predominantly received through non-instant methods, there is a growing interest among consumers in instant payouts. A recent report...
Disbursements, which include various types of payments such as earnings, tax refunds, insurance claim payments, and loan disbursements, play a crucial role in consumers’ financial lives. In the United States alone, 62% of consumers received such payments in the last 12 months, with an average...
Consumers are getting fewer disbursements this year, PYMNTS Intelligence data shows. However, that may be due to consolidation, not because they are getting less. Consumer disbursements include earnings and income payments, Social Security payments, tax refunds, insurance claims or loan disbursements, among others. According to...
American workers are ditching the traditional waiting game and opting to receive their income and earnings in real time. It’s not just a preference; it’s a widespread shift shaping the way consumers handle their finances. According to findings detailed in the “Measuring Consumer Satisfaction With...
As gaming enthusiasts seek the thrill of quick access to their rewards, a recent survey conducted by PYMNTS Intelligence sheds light on this evolving landscape. The “Generation Instant: Gamers and Winnings” study, a PYMNTS Intelligence and Ingo Money collaboration, reveals that cash is the most...
