FISV - Your Stimulus Debit Card Is Making These 3 Companies Happy
The economic fallout from the coronavirus pandemic continues, and even with the May jobs report suggesting that a turnaround on the employment front is under way, tens of millions of Americans are still struggling to make ends meet. The federal government has sent out a huge number of stimulus checks to get much-needed money into the hands of those in need, and some lawmakers are looking to take additional measures to provide further assistance.
The majority of stimulus payments that the federal government has made came through direct deposit, with a fee-free transfer of money into people's bank accounts. Yet several million Americans have received stimulus payments in the form of a prepaid debit card. That's caused some confusion among those who expected checks, but it's also giving some incremental business to three publicly traded companies: Fiserv (NASDAQ: FISV), Meta Financial (NASDAQ: CASH), and Visa (NYSE: V).
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