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...
The global spread of the new coronavirus has had a wide and varied impact on the way that both consumers and businesses think about transacting with each other as well as government or financial entities. Financial concerns caused by the temporary closures of many businesses...
By all reasonable measures, the first three months of 2020 have been a wild ride. The novel coronavirus has exploded into a global pandemic that has caused tens of thousands of deaths, grounded supply chains to a halt, emptied store shelves, tossed a record-breaking number...
U.S. consumers appreciate speedy disbursements, especially when receiving their tax refunds. The companies dealing with these refunds and the government agencies granting them cannot always match consumers’ preferred paces, however. This can be problematic because taxpayers often use filings to gauge their financial outlooks, and...
Slow tax disbursements via paper checks can put a financial strain on U.S. consumers, but are especially damaging to millennial small-business owners, who view paper checks as antique payment relic. In the latest Disbursements Tracker, PYMNTS spoke with Waseem Daher, founder and CEO of corporate...
The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which represents the largest sum of money many of them will receive at one...
Banks and bursars’ offices are doing their part to tamp down America’s ballooning college debt crisis … by disbursing tuition monies painfully slowly. The punchline isn’t all that funny, actually, as 21st century college lending remains mired in paper checks and legacy disbursement systems. It’s...
U.S. college students must stay on top of numerous bills — including healthcare, housing, textbooks and tuition — so they can fully focus on their educational goals. Many depend on scholarships, loans or grants to pay these bills, and late disbursements of such payments can...
