Payments News

On The Web

nbsp; nbsp;

Domains

COVID-19 and the Income Domain

“The Income Domain consists of payments to individuals for salary, benefits, rebates, and expense reimbursements. In the U.S., these payments are made primarily via direct deposit through NACHA’s ACH system, and to a lesser extent, paper checks and payroll cards. This final installment in our COVID-19 Impact series explores the challenges and opportunities confronting government and […]
nbsp; nbsp;

Domains

Why Changing Unemployment Payments Could Take Months

“There are 53 different unemployment systems across the United States and its territories, all of them inundated with record numbers of unemployment claims , and they all have different ways of calculating and handing out benefits. As of now, they all dispense their normal unemployment checks, which vary based on the state and how much […]
nbsp;

Domains

Second Stimulus Payment Could Deliver Cash Even Faster

“Congress is poised to approve a second round of stimulus payments for U.S. households, and money could reach many Americans faster this time. The Internal Revenue Service now has procedures, online tools, bank-account information and coordination with other agencies that it didn’t have set up in advance when the first round of payments was approved […]
nbsp;

Domains

Americans Lost $77 Million to Covid-19 Fraud — and That’s Just the ‘Tip of the Iceberg’

“Americans have lost more than $77 million in fraud related to Covid-19, according to the Federal Trade Commission. But that tally is likely a severe undercount amid an “unprecedented” scope of scams connected to the coronavirus, according to John Breyault, vice president of public policy, telecommunications and fraud at the National Consumers League, a consumer […]
nbsp;

Domains

About $1.4 Billion in Stimulus Checks Sent to Deceased Americans

“The federal government has sent stimulus checks of up to $1,200 to millions of Americans — including deceased individuals. A new report from the Government Accountability Office finds that about 1.1 million payments, totaling almost $1.4 billion, mistakenly have been sent to dead people as of April 30.   Those errors come as the U.S. […]
nbsp;

On The Wires

nbsp;

Deals

Paya Announces Strategic Acquisition of The Payment Group

“Paya , a leading provider of integrated payment and commerce solutions, has announced that it has signed a definitive agreement to acquire The Payment Group (“TPG”). TPG provides integrated payment solutions to more than 600 utility and municipal government clients, linking all payments with their existing accounting and business management software. This marks Paya’s second acquisition in the […]
nbsp;