Consumers have turned to online gambling platforms to try their luck at games of chance since casinos remain closed. But while players at physical locations can instantly get their winnings, online gamblers must typically wait for five-day ACH settlements or even paper checks. In the...
The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. The pandemic has shut down brick-and-mortar casinos in markets like the United States to help minimize...
For many Americans, the federal government’s stimulus website has remained a source of frustration as they are unable to work due to the coronavirus pandemic and their bank accounts become depleted, according to CNBC. The website launched April 15 purporting to update people as to the status...
Despite instructions from U.S. Treasury Secretary Steven Mnuchin to fast-track stimulus payments to Americans, several million taxpayers are still waiting, according to The Washington Post. The Treasury has received complaints primarily from people who used H&R Block, TurboTax, and other tax software services and haven’t...
If you thought checks were merely being tolerated before, COVID-19 alarm has rendered all paper instruments persona non grata, including cash. Are we witnessing the death of paper payments? It clearly doesn’t look good for printing or mailing and, as a disbursements story, behavioral shifts...
The number of smartphone users worldwide has grown exponentially in recent years, with some reports projecting there will be 3.5 billion users by the end of the year. Companies are continuously trying to meet these customers where they are, which means they must offer their full...
People with direct deposit on file with the IRS will be among the first to get coronavirus relief funds when stimulus payments start going out this week, according to numerous reports Sunday (April 12). A senior Treasury Department official told NBC News that tens of...
PayPal has become one of the first non-bank institutions allowed to distribute loans to help small- to medium-sized businesses (SMBs) in response to the coronavirus pandemic, according to a press release. The digital payments platform will now be able to give loans to SMBs that...
With the COVID-19 pandemic proving to be financially stressful, more consumers are seeking to receive funds or claim payments from businesses or insurers more quickly to stay afloat. Yet, many insurers are still largely disbursing funds through paper checks. In the latest Disbursements Tracker, Michele...
