Payments News

On The Web

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Domains

Stop & Shop Adds Online EBT Shopping in Four States

“Stop & Shop, a New England grocer with more than 400 stores, said it is enabling online orders for pickup and delivery for customers using electronic benefits transfer payment services in four states. The Quincy, Mass.-based grocer, which is owned by Ahold Delhaize USA Co., said consumers using SNAP (Supplemental Nutrition Assistance Program) EBT benefits […]
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Domains

Instacart Expands Online Food-Stamp Payments, Challenging Rivals

“Instacart Inc. is increasing the number of stores where it accepts online payments for Supplemental Nutrition Assistance Program participants, moving the online grocery delivery giant into competition with Amazon.com Inc. and Walmart Inc.. for a growing pool of consumers using federal assistance to buy food online. The San Francisco-based startup is partnering with three retailers, […]
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Domains

Why Can’t Stimulus Checks Arrive Faster?

“In April 2020, the Treasury Department made the first pandemic-related stimulus payments within weeks of the bill being signed into law, instead of months, like similar payments in 2008. By the third round of payments in March 2021, the first wave of money landed in bank accounts within a week of the bill becoming law. […]
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Domains

As the ACH Network Readies for Covid Relief, Payments Groups Seek to Correct the Record on Funding Date

“In response to erroneous reports about funds availability, The Clearing House Payments Co., Nacha, and seven other banking and payments groups said Tuesday that Economic Impact Payments from the federal government will start to become available to recipients Wednesday morning. A statement from the nine groups, plus a separate statement from Nacha , the governing […]

On The Wires

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Domains

WEX Signs New Fleet Card Agreement With the State of Minnesota

“WEX (NYSE: WEX), a leading financial technology service provider, today announced it has been awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement. WEX is proud to expand its extensive government contract portfolio and continue working with state-wide fleets.NASPO ValuePoint is the cooperative purchasing […]
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Domains

MetaBank® Serves As Agent for Distributing Prepaid Debit Cards As Part of Economic Impact Program

“Meta Financial Group, Inc.® (Nasdaq: CASH) (the “Company”) today announced that MetaBank®, N.A. (“MetaBank” or the “Bank”), a wholly-owned subsidiary of the Company, has again been asked to disburse Economic Impact Payments (“EIP”) through the distribution of prepaid debit cards under a program authorized by the U.S. Congress through the American Rescue Plan Act of 2021 […]
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Companies

Mastercard Working With Liberty Tax to Provide Access to Economic Impact Payments and Tax Return Funds

“As Americans in need begin receiving Economic Impact Payments (EIP) via the U.S. Department of Treasury and Internal Revenue Service (IRS), Mastercard is working with Liberty Tax to offer direct stimulus payments and tax return funds through prepaid cardholder accounts, in turn improving equitable access to those who need it most. Qualifying new Liberty Tax […]
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Domains

ACH Network Prepared to Deliver Economic Impact Payments to Americans Via Direct Deposit | Nacha

“President Biden has signed into law the American Rescue Plan Act, which provides for direct payments to many Americans. These payments will largely be delivered electronically by Direct Deposit over the ACH Network. Following is a statement from Jane Larimer, President and CEO of Nacha, the organization that governs the ACH Network. “Passage of the […]