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Even if you don't have a bank account, you can quickly access your benefits with the Direct Express® Debit MasterCard® program. The Direct Express card is a prepaid debit card that allows ...
In January 2008, the United States Department of the Treasury selected the company as the issuing bank for its Direct Express debit card program. The federal government uses the Express Debit product to issue electronic payments, such as Social Security benefits, to people who do not have bank accounts. [22] [23] [24]
The Bank of New York Mellon Corporation (NYSE:BK) shares are trading higher on Thursday. ... has appointed BNY Mellon as the financial agent for the Direct Express prepaid debit card program ...
The Direct Express card is free of most fees, including monthly fees, transaction fees, and cash reload fees. Users also receive one free ATM withdrawal with each deposit to the card.
Mastercard, Comerica Bank, and the U.S. Treasury Department teamed up in 2008 to create the Direct Express Debit Mastercard. The federal government uses the Express Debit product to issue electronic payments to people who do not have bank accounts. Comerica Bank is the issuing bank for the debit card.
A U.S. federal law signed in 1996 contained a provision that required the federal government to make electronic payments by 1999. As a part of implementation of the provision, in 2008 the U.S. Treasury Department paired with Comerica Bank to offer the Direct Express Debit MasterCard prepaid debit card.
"Because the majority of these payments will be disbursed electronically – through direct deposits and payments to existing Direct Express cards – they would be received on the official ...
Seniors and others receiving Social Security and other benefits, a lawsuit says, faced illegal ATM charges involving the Direct Express card. Comerica Bank faces lawsuit, accused of illegal fees ...