The U.S. Treasury will reportedly expand existing U.S. debit programs to allow some to receive their stimulus payments faster, thanks to a deal with Visa, Metabank and Fiserv.
The program would mail debit cards preloaded with the coronavirus stimulus payment to “hard-to-reach” individuals, according to Bloomberg.
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“We’re also going to be supplementing our capability and sending out prepaid debit cards so we can get the money out quickly to people,” Treasury Secretary Steven Mnuchin said in a news briefing.
This new developments follows the CARES Act, which will give qualifying households a one-time payment to offset financial difficulties caused by the COVID-19 pandemic.
Talks of a second round of stimulus payments have already begun -- before some have received the first payment. Experts estimate the implementation of the original bill may take months, especially for people who have not filed taxes.
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The IRS has already delivered 89.5 million payments out of an expected total of 150 million.
You can check on the status of your coronavirus payment on the IRS website.
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