Nearly three-quarters of consumers want their disbursements paid to them instantly, but only one-third actually receive them instantly. Whether they are getting earnings, income payments, Social Security payments, tax refunds, insurance payments, loan disbursements or some other type of payout, PYMNTS Intelligence data found that...
Whether it’s employee earnings, Social Security payments, tax refunds, insurance claim payouts, investment distributions or something else, most U.S. consumers now receive some type of disbursement. The number of people getting those funds quickly is increasing. That’s just fine with 77% of consumers who told...
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...
May 02, 2024
Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as well as move money instantly, has been around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017. But what will it take to bring these use cases […]
May 01, 2024
Nearly three-quarters of consumers want their disbursements paid to them instantly, but only one-third actually receive them instantly. Whether they are getting earnings, income payments, Social Security payments, tax refunds,...
April 16, 2024
Whether it’s employee earnings, Social Security payments, tax refunds, insurance claim payouts, investment distributions or something else, most U.S. consumers now receive some type of disbursement. The number of people...
April 12, 2024
Disbursements are a critical part of the modern economy, with more than 170 million consumers in the United States receiving at least one within the past year. These come in...
April 15, 2024
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 said in a Monday (April 15) press release. “Our customers’ needs […]
April 12, 2024
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...
April 10, 2024
Trustly launched a payments partnership with games company Light & Wonder. The collaboration is designed to bring cashless, in-person deposits to casino floors using Light & Wonder’s RAPIDPLAY solution, according to a...
April 09, 2024
Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” The realignment centers on three teams: Core Payments; Commercial and New Payment...
