Latest news with #DirectPay
Newsweek
2 days ago
- Business
- Newsweek
IRS Issues Tax Filing Request to Thousands Before Fall Rush
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Internal Revenue Service has issued a request to thousands of taxpayers who sought extensions for their 2024 federal tax returns to file them during the summer months. The IRS emphasized that filing early can help taxpayers avoid the expected fall rush ahead of the October 15 deadline, potentially expediting payment plans or the resolution of issues that may arise during the filing process. The agency promoted its IRS Free File program, which provides free, guided tax preparation online for individuals with an adjusted income of $84,000 or less. The Internal Revenue Service building in Washington D.C. in 2021. The Internal Revenue Service building in Washington D.C. in 2021. Patrick Semansky/AP Why It Matters By encouraging early filing, the IRS seeks to reduce system bottlenecks caused by last-minute submissions in October—a period known for high traffic among extension filers. Missing the filing deadline can trigger penalties, interest and potential complications with future filings. The IRS Free File program's expansion to those earning $84,000 or less reflects ongoing efforts to make tax filing more accessible and cost-effective for everyday Americans. What To Know The IRS Free File program is available around the clock, offering guided, secure federal tax preparation and electronic filing at no cost for many Americans. The IRS' Free File Fillable Forms are also accessible to all taxpayers, regardless of income. These initiatives are designed to streamline the filing process, provide transparency and reduce errors for extension filers. Multiple secure payment methods are available—including IRS Online Account, IRS Direct Pay, the Electronic Federal Tax Payment System and major credit or debit cards. Immediate electronic payment confirmation is also provided. Taxpayers unable to pay their full balance may apply for a payment plan online. Short-term plans are available for those who owe less than $100,000, granting up to 180 days to pay. Long-term installment agreements, available for balances under $50,000, offer up to 72 months to pay. While interest and penalties continue, active installment agreements reduce the failure-to-pay penalty by half. What People Are Saying Jay A. Soled, a professor and chair of the Department of Accounting and Information Systems at Rutgers Business School, New Jersey, previously told Newsweek: "Even with the tax-filing extension, interest will apply to any 2024 tax payments received after April 15. This means that unpaid tax-year 2024 tax balances will begin accruing interest, currently at the rate of seven percent per year, compounded daily, after April 15, 2025." Richard D. Pomp, a professor of law at the UConn Law School, Connecticut, previously told Newsweek: "We are currently living through a total state of chaos at the IRS. Whenever possible, taxpayers abroad should file electronically and verify with screen shots and saved files, and copies of all documentation." What Happens Next The IRS is set to continue processing early extension filings over the summer. Its Free File resources are available until the October 15 deadline.
Finextra
01-07-2025
- Business
- Finextra
DirectPay andd iXchange open up access to NCR Atleos ATMs in Greece
NCR Atleos Corporation (NYSE: NATL) ('Atleos'), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that DirectPay and iXchange will utilize Atleos' owned and operated ATM platform (the Cashzone Network) in Greece to allow consumers to reliably, conveniently, and securely access cash. 0 DirectPay is a leading financial and payments services provider with more than 1,300 agent locations throughout Greece, offering MoneyGram money transfers, bill payments, cash-to-bank deposits, and a full suite of financial services. iXchange offers its customers services including foreign currency exchange, money transfers, bill payments, and more. Both companies are part of the same group. 'Our goal has always been to make financial transactions simple, accessible, and secure for all,' explained Panos Spiridakos, Managing Director of DirectPay. 'Atleos' Cashzone Network is recognized for its robust security, advanced capabilities, and reliable uptime, features that will help us maintain optimal service levels and customer satisfaction, while also creating new revenue opportunities and operational efficiencies.' 'We have remained committed to providing our customers with seamless, reliable interactions to maintain trust and loyalty,' explained Giannis Kontis, Managing Director of iXchange. 'By implementing Atleos' ATMs, consumers gain a dependable, secure way to withdraw cash and conduct their tasks with convenience and ease. At the same time, our employees are able to operate more efficiently, saving time to assist customers with more complicated transactions.' 'The European Central Bank (ECB)'s latest consumer payment behavior study '2024 SPACE' tells us that Greek consumers look to ATMs for their cash more than any other channel and any other Eurozone country and at the same time cite access to cash as a challenge,' explained Ben Bregman, Senior Vice President, Global Network Solutions for Atleos. 'By expanding access through the Cashzone Network, DirectPay and iXchange offer a secure, efficient, and easy-to-use cash access platform within familiar retail environments, reducing consumer friction in accessing their accounts and growing loyalty.'
Yahoo
01-07-2025
- Business
- Yahoo
DirectPay and iXchange Expand Cash Access in Greece Through NCR Atleos
ATLANTA, July 01, 2025--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) ("Atleos"), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that DirectPay and iXchange will utilize Atleos' owned and operated ATM platform (the Cashzone Network) in Greece to allow consumers to reliably, conveniently, and securely access cash. DirectPay is a leading financial and payments services provider with more than 1,300 agent locations throughout Greece, offering MoneyGram money transfers, bill payments, cash-to-bank deposits, and a full suite of financial services. iXchange offers its customers services including foreign currency exchange, money transfers, bill payments, and more. Both companies are part of the same group. "Our goal has always been to make financial transactions simple, accessible, and secure for all," explained Panos Spiridakos, Managing Director of DirectPay. "Atleos' Cashzone Network is recognized for its robust security, advanced capabilities, and reliable uptime, features that will help us maintain optimal service levels and customer satisfaction, while also creating new revenue opportunities and operational efficiencies." "We have remained committed to providing our customers with seamless, reliable interactions to maintain trust and loyalty," explained Giannis Kontis, Managing Director of iXchange. "By implementing Atleos' ATMs, consumers gain a dependable, secure way to withdraw cash and conduct their tasks with convenience and ease. At the same time, our employees are able to operate more efficiently, saving time to assist customers with more complicated transactions." "The European Central Bank (ECB)'s latest consumer payment behavior study "2024 SPACE" tells us that Greek consumers look to ATMs for their cash more than any other channel and any other Eurozone country and at the same time cite access to cash as a challenge," explained Ben Bregman, Senior Vice President, Global Network Solutions for Atleos. "By expanding access through the Cashzone Network, DirectPay and iXchange offer a secure, efficient, and easy-to-use cash access platform within familiar retail environments, reducing consumer friction in accessing their accounts and growing loyalty." About Atleos Atleos (NYSE: NATL) is a leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivalled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. Atleos was ranked #12 in Newsweek's prestigious 2025 Top 100 Global Most Loved Workplaces® list. Atleos is headquartered in Atlanta, Ga., with approximately 20,000 employees globally. For more information, visit View source version on Contacts Media Contact Scott SykesNCR
Business Wire
01-07-2025
- Business
- Business Wire
DirectPay and iXchange Expand Cash Access in Greece Through NCR Atleos
ATLANTA--(BUSINESS WIRE)-- NCR Atleos Corporation (NYSE: NATL) ('Atleos'), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that DirectPay and iXchange will utilize Atleos' owned and operated ATM platform (the Cashzone Network) in Greece to allow consumers to reliably, conveniently, and securely access cash. DirectPay is a leading financial and payments services provider with more than 1,300 agent locations throughout Greece, offering MoneyGram money transfers, bill payments, cash-to-bank deposits, and a full suite of financial services. iXchange offers its customers services including foreign currency exchange, money transfers, bill payments, and more. Both companies are part of the same group. 'Our goal has always been to make financial transactions simple, accessible, and secure for all,' explained Panos Spiridakos, Managing Director of DirectPay. 'Atleos' Cashzone Network is recognized for its robust security, advanced capabilities, and reliable uptime, features that will help us maintain optimal service levels and customer satisfaction, while also creating new revenue opportunities and operational efficiencies.' 'We have remained committed to providing our customers with seamless, reliable interactions to maintain trust and loyalty,' explained Giannis Kontis, Managing Director of iXchange. 'By implementing Atleos' ATMs, consumers gain a dependable, secure way to withdraw cash and conduct their tasks with convenience and ease. At the same time, our employees are able to operate more efficiently, saving time to assist customers with more complicated transactions.' 'The European Central Bank (ECB)'s latest consumer payment behavior study '2024 SPACE' tells us that Greek consumers look to ATMs for their cash more than any other channel and any other Eurozone country and at the same time cite access to cash as a challenge,' explained Ben Bregman, Senior Vice President, Global Network Solutions for Atleos. 'By expanding access through the Cashzone Network, DirectPay and iXchange offer a secure, efficient, and easy-to-use cash access platform within familiar retail environments, reducing consumer friction in accessing their accounts and growing loyalty.' About Atleos Atleos (NYSE: NATL) is a leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivalled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. Atleos was ranked #12 in Newsweek's prestigious 2025 Top 100 Global Most Loved Workplaces® list. Atleos is headquartered in Atlanta, Ga., with approximately 20,000 employees globally. For more information, visit
Scoop
15-06-2025
- Business
- Scoop
Introducing Direct Pay – The Future Of In-person Payments Has Arrived In New Zealand
A new era of payments is here. Worldline NZ has officially launched Direct Pay, a revolutionary in-person account to account payment method built on open banking technology. It is the leading in-person payment solution in New Zealand to leverage open banking APIs from all four major NZ banks and is now available for merchants to use. This innovative solution paves the way for a bold new future in how Kiwis pay and get paid. Built on the success of Worldline's Tap on Mobile platform, Direct Pay empowers small businesses and individual merchants to accept payments directly from customers' bank accounts—no cards, no terminals, no hassle. Just a quick QR code scan and approval in the customer's banking app. It's fast. It's secure. It's seamless. 'This is a break-through for merchants and consumers alike,' says Maxine Elliott, CEO of Worldline NZ. 'Direct Pay is not just a new way to pay—it's a smarter, more cost-effective, and future-ready solution that puts control back in the hands of businesses and their customers.' With instant account-to-account payments powered by open banking APIs connected to all four major New Zealand banks, Direct Pay slashes surcharges, eliminates chargebacks, and ensures overnight settlement. It's a win-win for merchants and customers. Worldline has long been a pioneer in open banking, having introduced Online EFTPOS to New Zealand in 2016. Now, with Direct Pay, they're once again leading the charge—this time bringing open banking to the physical point of sale. 'We're building a more connected, productive economy—one payment at a time,' says Elliott. 'Direct Pay is the future, and it's here now.' About Worldline in New Zealand We are New Zealand's leading payments innovator. We design, build and deliver payment solutions that help Kiwi business succeed. Whether you're looking for in store, online or mobile payment solutions or powerful business insights, Worldline is here to help with technology backed by experience. About WorldLine Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2024. Worldline's corporate purpose ('raison d'être') is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.
