A financial move doesn't begin with a new credit product or a dazzling fintech app. It starts with a payment: A contractor waiting for an invoice to clear A restaurant owner sending same-day pay to a delivery driver A corporate treasurer watching how quickly suppliers get paid These seemingly minor exchanges now serve as the fulcrums driving broader financial solutions. Challenges that financial firms, particularly banks, once tackled from the top down - such as cash flow, employee retention, client engagement, and growth strategy - are increasingly being addressed with payments as the starting point.
Sen. Elizabeth Warren criticized Intuit's lobbying against Direct File, asserting that it enables taxpayers to file taxes easily and for free, contrasting it with the interests of powerful corporations.