Check cashing fees are getting a makeover in New York. New York’s Department of Financial Services said Wednesday (Jan. 18) that it is updating regulations and methodologies tied to check cashing fees — using a data-driven approach to do so. As announced by the agency...
PayPal has temporarily suspended check-cashing fees for stimulus checks issued as part of the federal government’s coronavirus relief efforts. The Palo Alto, California-based online payments platform company announced on Friday (April 24) that fees associated with its cash-a-check app feature will be waived “over the coming...
No one likes getting a check. No one. And we have the data to prove it. When ranked against all other possible methods of getting payments, the recently launched PYMNTS Disbursement Satisfaction Index™ ranks checks dead last, with a satisfaction score of 4.4 out of 100 possible points by the more...
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them. And that is not, as University of Pennsylvania Professor Lisa Servon says, a symptom of...
November 07, 2017
No one likes getting a check. No one. And we have the data to prove it. When ranked against all other possible methods of getting payments, the recently launched PYMNTS Disbursement Satisfaction Index™ ranks checks dead last, with a satisfaction score of 4.4 out of 100 possible points by the more than 3,000 consumers we asked. It’s not zero, but it’s […]
June 27, 2017
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them....
March 28, 2017
The death of cash may be wildly exaggerated, but for banks, cash is a dual edged sword: Store of value and store of risk. In the latest Data Drivers, Hypur...
December 07, 2023
New York Department of Financial Services (NYDFS) Superintendent Adrienne A. Harris has hailed a Thursday (Dec. 7) court decision that upholds the state’s new check cashing regulation announced in January. “Today’s decision is a win for New Yorkers who depend on check cashers to access their money,” Harris said in a Thursday press release. Harris added that the department’s updated check […]
April 24, 2020
PayPal has temporarily suspended check-cashing fees for stimulus checks issued as part of the federal government’s coronavirus relief efforts. The Palo Alto, California-based online payments platform company announced on Friday (April...
April 14, 2016
The New York Times reported that banks are getting into the check-cashing game, charging fees for the service. The publication reported that this has been a sea change for lenders,...
February 23, 2015
Santander Bank will relax its standards for approving new checking and savings accounts under a deal announced on Friday (Feb. 20) with New York’s attorney general. The change, which will...
