PYMNTS talks with Ben Mendelsohn, director of product management at Fifth Third Bank, about how faster direct deposits have an appeal for workers of all stripes — Fifth Third’s journey to early wage access offerings began with immediate funds on check deposits, according to Mendelsohn....
The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal (WSJ). The heightened speed at which the payments will come is based around the procedures, online tools and bank account...
With a problem at the Federal Reserve that has since reportedly been fixed, direct deposits, as well as other financial transactions, were delayed on Thursday (Dec. 19). Banks were told about a “disruption” in the automated clearing house (ACH) network that brought about delays in...
Capital One saw an outage on Friday (Nov. 1) that kept some of its customers from accessing their accounts and direct deposits, a technical issue that the company has resolved, CNET reported. “Capital One is experiencing a technical issue impacting customer money movement, including direct...
July 24, 2018
A surefire way of annoying people is making them wait for money. That can lead to ruined friendships, strained family relations and countless arguments and frustrations. Financial institutions (FIs) and the corporate clients they serve are figuring out ways to avoid those dangers when it comes to business, and working with payment service providers to […]
July 13, 2023
Payroll company Atomic has formed a partnership with credit union technology provider eCU. The collaboration, announced Thursday (July 13), is designed to give credit union members an easier time switching payroll deposit accounts. “By pairing our account origination technology with Atomic’s automated direct deposit switching, it is now possible for a consumer to have a fully funded account on […]
July 23, 2020
The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal (WSJ). The heightened speed at...
December 19, 2019
With a problem at the Federal Reserve that has since reportedly been fixed, direct deposits, as well as other financial transactions, were delayed on Thursday (Dec. 19). Banks were told...
November 03, 2019
Capital One saw an outage on Friday (Nov. 1) that kept some of its customers from accessing their accounts and direct deposits, a technical issue that the company has resolved,...
