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New Data: Receivers Value Instant Payouts Enough To Pay To Get Them

PYMNTS

Instant payments that enable the 24/7, year-round transfer of tax refunds, benefits, dividend payments and other disbursements could be key to quickly getting them money for much needed purchases within 30 minutes or less. This is in turn driving a need for fresh financial solutions that can help customers pay — and get paid — fast.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A group of state attorneys is joining together to fight a merger of Sprint and T-Mobile that the United States Justice Department supports. Behind Sysco’s Spend Management Switch To Cards.

Taxes 101
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ADP’s Wisely Pay Bids To Smarten And Speed Up Gig Economy Payments

PYMNTS

Right alongside those tallies, payroll cards are gaining traction, having accounted for six million cards at the end of last year and expected to grow to as many as eight million cards in 2022, Aite Group reported. The PYMNTS Gig Economy Index has estimated that gig workers account for 3.7

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The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards.

Taxes 100
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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. As millennials grew up and entered their 30s, the adults they became weren’t quite the people forecasted by analysts, according to the PYMNTS Connected Consumer Report.

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What The Climbing Debt Defaults Really Mean For The Economy

PYMNTS

Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. The overall picture for credit card debt going into 2018 reflects a consumer in stress — a rising number of late payments and defaults than in year’s past and over a far greater diversity of lenders. percent annually.

Lending 105
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Fighting Employee Turnover With Instant Access To Earned Wages

PYMNTS

Demand for a daily pay benefit is especially strong among millennials and Generation Z workers who are accustomed to accessing goods and services via mobile and are also expecting to be paid for their work instantly. Approximately 75 percent of the workforce will be comprised of these two groups by 2022, Lee said.

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