UPDATE 1-U.S. pre-paid card providers angle for slice of stimulus check action -industry groups [Reuters (UK)]
PayPal Holdings, Inc. (PYPL)
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Source: Reuters
U.S. pre-paid card providers angle for slice of stimulus check action: industry groups - Reuters 4 Min Read WASHINGTON (Reuters) - Industry groups for U.S. providers of pre-paid cards and mobile wallets are in talks with the U.S. Treasury Department about allowing stimulus payments designed to help millions of Americans struggling due to coronavirus lockdowns be made via their products, the groups said. The Treasury’s Internal Revenue Service (IRS) began this month depositing payments, approved as part of a $2.3 trillion Congressional relief package, directly into taxpayer bank accounts. But the IRS may have to issue as many as 70 million paper checks to Americans for whom it has no account data, including several million who do not have a bank account. Hobbled by budget cuts and obsolete technology, the IRS will struggle with the enormous workload involved in printing and distributing millions of checks and could take months to complete the job, Reuters has reported. Checks are also
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PYPL
Earnings
- 10/29/24 - Beat
PYPL
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 4
- 12/2/24 - Form 4
- PYPL's page on the SEC website