Treasury Secretary Steven Mnuchin said the $600 individual checks passed by Congress will start going out by Tuesday evening (Dec. 29), CNBC reported. Mnuchin tweeted Tuesday that the payments “may begin to arrive in some accounts by direct deposit as early as tonight,” in the...
PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app’s cash-a-check feature. The normal check-cashing fees will be waived...
Consumers in the U.S. are still reeling from the lasting financial impacts brought about by the first months of the pandemic. Sweeping unemployment, rising medical costs and other factors have forced many to search for other sources of income. This includes relief payments sent out...
"The check is in the mail" is little help to the one in three Americans who've faced a loss of income since the pandemic began, says Linda Jun of advocacy group Americans for Financial Reform. In this month's Disbursements Tracker, Jun discusses how supporting multiple...
United States residents are battling numerous challenges during the ongoing pandemic, with many confronting medical, personal and financial hurdles that they have never before faced. One in every three Americans has experienced a loss of income since the crisis began, for example, and this can...
Consumers and microbusinesses have access to many disbursement options, yet they receive a significant share through legacy methods such as paper checks or digital methods that are non-instant. This is despite the fact that these consumers and microbusinesses on the receiving end value faster access...
Stimulus payments are again in the headlines and on the horizon. But how consumers will get those payments — hundreds of millions of payments, covering hundreds of billions of dollars — well, that’s open to some discussion. And if past is prologue, as the Hill...
Payments speed is a crucial consideration for today’s consumers and microbusinesses when receiving disbursements, with PYMNTS’ research finding that more than half of the former and roughly 70 percent of the latter say they received at least one nongovernment payment within the past 12 months....
Keeping unbanked consumers transacting and connected to the broader financial world has grown especially tricky over the past few years as cash use dips and digital payments rise. Even paying at fast food restaurants — many having adopted technologies and point-of-sale (POS) terminals that favor...
