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Day: June 3, 2020

Confusion as Stimulus Payments Arrive On Prepaid Debit Cards

By Craig R. Erickson, CPA, Partner, Wiss & Company With cybersecurity breaches, identity theft and other cyber-crimes on the rise during this pandemic, the amount of skepticism shown in the exchange above is warranted and refreshing.   But have no fear: That prepaid debit card you have received is in fact an Economic Impact Payment Card (EIPCard), which contains your federal relief payment provided for by the Coronavirus Aid Relief and Economic Security Act (CARES Act). Over...

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