PYMNTS

APRIL 22, 2020

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. The payroll status quo has created cash flow challenges for many employees, particularly the estimated 60 percent of U.S.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

PYMNTS

NOVEMBER 7, 2017

Almost a decade in, no longer fueled by desperation, the gig economy has taken a new shape and form. Today, the $700 billion-plus economy is powered not just by people who have lost their jobs or students working summer jobs, but increasingly by those who prefer the gig lifestyle. Benefits in the gig economy. to 5:00 p.m.

Economy 41

Economy ACH Network Acquirers Direct Deposit 41

PYMNTS

APRIL 5, 2018

The most recent PYMNTS’ Gig Economy Index , for example, found that 51 percent of gig workers surveyed in the fourth quarter of 2017 reported being paid within one week of rendering their services. The survey was conducted in November and December of 2017 and included 22 FIs that represent 78 percent of the ACH Network origination volume.

Economy 43

Economy Zelle Same Day ACH P2P 43

PYMNTS

DECEMBER 13, 2017

The appeal of Same Day ACH also lies in the certainty that the payee is going to receive funds, and thus, for instance, a payroll manager can rest easy, he said. With Same Day ACH, the arrival of emergency payroll has bubbled to top of mind for FIs and corporate clients alike.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

EBizCharge

JUNE 3, 2024

EFTs enable businesses to execute payroll functions, vendor payments, and even customer refunds effortlessly. Processing: The information then goes through a secure network, such as the ACH network, where transactions are batched and processed. How long does an EFT take to process?

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

PYMNTS

MARCH 23, 2018

At the time, Hyperwallet noted that wire transfers support international payouts when ACH networks are unavailable while improving visibility to transfer and foreign exchange fees.

Payment APIs and Integration 40

Payment APIs and Integration Wire Transfer ACH Network Wires 40

PYMNTS

MARCH 18, 2019

Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. and one of two operators of the ACH network in the U.S., TCH is the association of the 25 largest banks in the U.S., the other being the Fed.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80