There’s a Battle Brewing for Your $1,200 Government Relief Check
- Visa, Mastercard have lobbied to help handle the payments
- Payment companies have been battered by slowdown in spending
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The world’s largest payment companies are fighting for their own piece of the U.S. coronavirus stimulus: an assignment to help distribute some of the relief money that will be sent to millions of Americans in the coming weeks.
Visa Inc. and Mastercard Inc. are lobbying the Treasury Department to be included in the options the agency uses to disburse funds, as are smaller firms PayPal Holdings Inc. and Square Inc. Their argument is if the government is looking to get money quickly and safely to families across the country, it needs to get with the 21st century.