Direct Deposit news and trends

Data Shows 93% of Truckers Would Use Instant Payments if Offered
Real-Time Payments // August 19, 2024

The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses conduct financial transactions are not moving at the same pace. Get the Full Story Complete the form to unlock this...

Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
Digital Banking // August 08, 2024

For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bankjoy and Pinwheel Partner to Simplify Direct Deposit Setups
Partnerships // April 16, 2024

Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

SoFi New Member Additions Soared 44% Amid Strong ‘Cross-Buy’ Opportunities
Earnings // January 29, 2024

SoFi Technologies said in its latest earnings report that it had seen significant growth in cross-selling activity, and noted that the vast majority of its SoFi Money deposits came from direct deposit members. Get the Full Story Complete the form to unlock this article and...

Interviews & Exclusives
Data Shows 93% of Truckers Would Use Instant Payments if Offered

August 19, 2024
The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses conduct financial transactions are not moving at the same pace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]

Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky

August 08, 2024
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. Get the Full Story Complete the form...

NEW DATA: Three Quarters of Mass Payment Recipients Would Pay to Have Choice in How...

August 30, 2021
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

In Brazil, Banking Customers Turn To Debit, Digital Banking

April 28, 2020
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Quick Reads
Chase Reminds Customers About Upcoming Federal Phaseout of Paper Checks

August 27, 2025
Chase is encouraging its customers who receive paper checks from the government to enroll in direct deposit as the U.S. Treasury’s Sept. 30 deadline for the phaseout of paper checks for most federal payments nears. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]

Bankjoy and Pinwheel Partner to Simplify Direct Deposit Setups

April 16, 2024
Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. Get the Full Story Complete the form to unlock this article and...

Plaid Teams With Pinwheel for Direct Deposit Services

August 17, 2023
Plaid says it has added income and employment data platform Pinwheel to its partner network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Pinwheel Debuts Tool to Increase Direct Deposit Use

March 20, 2023
Income and employment data platform Pinwheel is upgrading its direct deposit offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...