PYMNTS

SEPTEMBER 15, 2020

Team members and contractors who have elected to be paid via Cash App receive their pay within minutes, while those paid via direct deposit get their pay as soon as the next business day.". Square Inc. NYSE:SQ) on Tuesday (Sept.

Payroll 102

Payroll Instant Payments On-Demand Direct Deposit 102

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. has only a minimal reliance on paper paychecks, with direct deposit via the nation’s Bacs payment service commonplace. Speeding Up Wages.

Payroll 74

Payroll Faster Payments Cross-Border Innovation 74

EBizCharge

JUNE 3, 2024

These electronic transfers range from automated payments to on-demand transfers. ACH is designed to process batches of transactions, such as direct deposits of salaries or social security benefits and direct payments for bills. While it’s clear how EFT functions, there are also pros and cons of using EFTs.

Funds Transfer 52

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

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

OCTOBER 30, 2018

That’s not only true for businesses of different sizes, as a payroll tool that works for a small business won’t function properly for a large multinational corporation, but for businesses of different industries, with various sectors having their own unique challenges and demands when it comes to paying workers.

Payroll 53

Payroll Product Direct Deposit Checks 53

PYMNTS

MAY 21, 2018

He did it by establishing a platform that matched an underutilized source of supply with a growing demand for services. Kelly’s company supplied office workers to local businesses, on demand, in need of a temporary workforce — igniting the $480 billion category known today as temporary staffing and workforce management services.

Digital Payments 45

Digital Payments Direct Deposit Payments Economy 45

PYMNTS

JANUARY 17, 2019

Employees and a shifting talent landscape have introduced the demand for payroll flexibility. The vast majority of the 35,000 survey respondents told the APA that they get paid via direct deposit, with only 4.3 The vast majority of the 35,000 survey respondents told the APA that they get paid via direct deposit, with only 4.3

Payroll 69

Payroll Payment APIs and Integration On-Demand Identity Theft 69

PYMNTS

OCTOBER 20, 2017

In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster into the lures and values of push payments, where money is moved directly onto users’ cards and accounts, on demand. We are in the instant economy, said Edwards.

Direct Deposit 43

Direct Deposit Push-to-Card Payments Checks 43

PYMNTS

AUGUST 24, 2016

workers surveyed receive funds from their paychecks in less than a day, with the majority of employees (81 percent) getting paid via direct deposit. Hyperwallet pointed to the rising on-demand economy as a trend that may place increasing pressure on employees that need to get paid sooner, which could be bad news for employers.

Faster Payments 42

Faster Payments Same Day ACH Payroll On-Demand 42

PYMNTS

JUNE 26, 2020

The money was sent out by check and direct deposit, yet millions did not receive the funds. population, which undermined central goals of the funding: to provide immediate financial relief to businesses and consumers and to stimulate a flatlining economy. On-demand payment options may take on special urgency for such workers.

Payroll 52

Payroll Debit Card Direct Deposit Online and Mobile Banking 52

PYMNTS

JUNE 29, 2020

What’s surprising is how conspicuously antiquated “payday” suddenly seems in an economy that went digital-first without hesitation. For example, Gen Z will likely be attracted to pay card methods, whereas Baby Boomers may want other pay options, such as direct deposit or paper checks.

Payroll 52

Payroll Direct Deposit Alternative Payment Methods Checks 52

PYMNTS

SEPTEMBER 21, 2020

meaning that their present struggles can ripple deeply across the economy as a whole. employees receive their paychecks through ACH direct deposit, which may seem instant to workers but actually takes two to three days for funds to fully clear. SMBs are also responsible for 64 percent of new jobs created in the U.S.,

Instant Payments 57

Instant Payments ACH Direct Deposit Payments 57

PYMNTS

MAY 3, 2018

Square recently released its new Instant Deposit solution, aimed at allowing British merchants to have funds deposited into their bank accounts within a half hour instead of the following business day. How Digital Escrow Tools Can Build a ‘Trusted Economy’ . Deep Dive: Construction Payments. About the Tracker.

Debit Card 51

Debit Card Push-to-Card On-Demand Payments 51

PYMNTS

JULY 25, 2019

We are not an on-demand system just yet,” Srinivasan noted.) Drivers are paid via direct deposit every Sunday, and the rides are processed from the previous Sunday to Saturday. She asked those who came in with an animal how they got there, and whether they would use a more convenient method if it was available. The Platform.

Direct Deposit 67

Direct Deposit On-Demand Database Consumer 67

PYMNTS

FEBRUARY 19, 2019

At the same time, the share of households with subscription video on demand/over-the-top (SVOD/OTT) services is growing in the U.K. taxpayers who received federal tax refunds via direct deposit as of May 2018. All this, Today In Data. Data: 700 million: The number of active annual Alipay users exceeded this figure in 2018.

Tax Refunds 43

Tax Refunds Debit Card Direct Deposit On-Demand 43

PYMNTS

JULY 24, 2018

On the higher level, quicker disbursements that consumers can instantly access in accounts of their choosing “[bridge] the smokestack economy and the digital experience,” Edwards said. percent who prefer getting paid via direct deposit and 22.4 There is little doubt of customer demand for quicker disbursements , Miller said.

Direct Deposit 40

Direct Deposit Instant Payments Push-to-Card Checks 40

PYMNTS

AUGUST 28, 2018

The gig economy: no longer the domain of ride-hailing firms. In the latest Gig Economy Index , a number of stats stood out, gleaned from the responses of 10,000 workers queried by PYMNTS. The data shows that roughly a third of the workplace is participating in the gig economy, as Webster noted, at least in some capacity. “It’s

Digital Payments 44

Digital Payments Payments Economy On-Demand 44

PYMNTS

APRIL 12, 2019

Consumers can receive disbursements in many ways — via direct deposit, debit card, prepaid card and P2P services — but many are not given options. percent said they would like to receive payments via direct deposit, while 24.0 Fast-acting P2P payments services are having a ripple effect on disbursements. Approximately 28.5

Zelle 43

Zelle P2P Venmo Direct Deposit 43

PYMNTS

APRIL 16, 2020

and around the world, the focus for everyone has to be on battling back the coronavirus first and re-opening the economy second. Demand for loan products has also fallen. Given the full-scale shutdown in the U.S. and across the world, one might have expected that quarterly earnings season would be a less than sunny experience.

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

PYMNTS

FEBRUARY 13, 2020

Profitability remains elusive in the Neobank model — which touts 5 million users, but has yet to see heavy transaction activity across direct deposit accounts. That’s a challenge, as banks have traditionally plied their trade through face-to-face interactions. Looking At Open Banking. Trust still matters.”.

Online and Mobile Banking 92

Online and Mobile Banking Venmo Direct Deposit Deposit Account 92

PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand. based financial institutions (FIs) offer same-day credits.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

EBizCharge

JULY 18, 2024

ACH is widely known for processing large credit and debit transactions, including direct deposits and bill payments. The 2 main types of EDI payments Two primary types of EDI payments enable business partners to execute electronic transactions: Direct or Point-to-Point EDI and Web EDI.

ACH 52

ACH Transactions Payments Funds Transfer 52

PYMNTS

SEPTEMBER 18, 2020

Corporate Spending Innovations President David Disque joined Karen Webster for PYMNTS’ latest edition of “This Week In Payments” to talk about what it all means for the digital economy. . Square this week captured some serious headlines with its announcements of two new products: Instant Payments and On-Demand Pay.

Instant Payments 52

Instant Payments Payments Payroll BNPL 52

PYMNTS

MARCH 1, 2018

The role of gig workers in the economy is growing. workforce by 2020, the demand for more efficient payment solutions is poised to grow. PYMNTS also found that 54 percent of gig workers are paid using direct deposit, a sign that paper checks could face further decline as a payment option. About the Tracker.

Push-to-Card 40

Push-to-Card Financial Literacy Credit Cards Online and Mobile Banking 40

PYMNTS

APRIL 12, 2018

The most recent Gig Economy Index found that 84 percent of surveyed gig workers said they would do more work if they were paid faster. Payroll card solutions provider Kittrell Paycard recently partnered with FinTech Cardplatforms to integrate its new on-demand pay feature, InstantWage , onto its cards. About the Tracker.

Payroll 57

Payroll Push-to-Card Participant Real Time Payments 57

PYMNTS

JANUARY 21, 2020

The payroll has not seen much disruption since the introduction of direct deposit to accelerate workers’ access to earned wages. But a new generation of workers is now driving monumental changes in the way businesses employ and pay talent, with their participation in the gig economy a key driver of those shifts.

Payroll 68

Payroll Economy On-Demand Direct Deposit 68

PYMNTS

FEBRUARY 9, 2019

Credit cards and direct deposit of wages would have taken the place of paper money and coins — both were known concepts back then, which seems to be one of the main tricks of successful prediction , as opposed to wholesale mental invention of new technology and processes. Demise of Cash. Guess what?

Credit Cards 59

Credit Cards Direct Deposit Technology On-Demand 59

PYMNTS

JUNE 21, 2019

The new Platform Economy Playbook explores how digital tools and technologies can accommodate this new online workforce. Digital marketplaces are the crux of the platform economy, facilitating drivers, designers, builders, cleaners and more to connect with employers. workers are not alone in driving instant payments adoption.

Economy 40

Economy Cross-Border Payments Cross-Border Payments 40

PYMNTS

AUGUST 22, 2016

Rogoff also says that cash is used as a tax dodge, as a way to keep illegal immigrants from being paid a respectable wage and for employers to unduly benefit as a result, and for those in European countries as a way to evade the value-added tax and keep the underground economy alive. But, instead of Ryan Seacrest, you have me.

Checks 41

Checks CFPB Bitcoin Payments 41

PYMNTS

APRIL 27, 2020

But it will take weeks for all monies to get to everyone, a timeframe that will likely be pushed as paper checks get sent through the mail to the millions of recipients who don’t have direct deposit set up with the IRS. The check, then, is in the proverbial mail, less than optimally, for people who need access to funds right now.

Blockchain 108

Blockchain Tax Refunds IRS Fed 108

PYMNTS

DECEMBER 5, 2017

The digital economy is here and, for many consumers, it has become a way of life. Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. Supply and Demand. But, with this progress comes friction in the form of a payments patchwork.

Consumer 56

Consumer Same Day ACH C2B B2C 56

PYMNTS

OCTOBER 10, 2019

Payroll is changing, he said, and becoming more complex as employers demand new ways to compensate their employees. Brennan pointed to the evolutionary shift that has taken payroll from paper paychecks, to direct deposit, to payroll cards and, today, eChecks that allow an employer to email a paycheck to a worker.

Payroll 43

Payroll Direct Deposit Processors Push-to-Card 43

PYMNTS

JUNE 8, 2016

June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. Consumer demand for efficiency was also evidenced by a report from the U.S. About The Tracker.

Faster Payments 41

Faster Payments Office of the Comptroller of the Currency NACHA Direct Deposit 41

PYMNTS

NOVEMBER 23, 2016

Radchuk said demands for referees are coming in every day for basketball, rugby, soccer, flag football, kickball, softball, hockey, baseball, volleyball, lacrosse … and even beer pong, “which we didn’t plan to cover, but I guess the possibilities are endless.”. It’s aimed at the gig economy. It’s aimed at the gig economy.

Database 70

Database Direct Deposit On-Demand PayPal 70

FICO

JANUARY 26, 2022

Cyril Cherian shared the 7 essential debt collections and recovery most valuable disciplines (MVDs): A Customer Level View: Define and design a complete and single view of the customer across the multiple product lines, which facilitates the ability to have a strategy in place that ensures collections efforts are directed at a customer level.

Posting 52

Posting Consumer Financial Protection Bureau (CFPB) CFPB Government 52

Nanonets

JANUARY 17, 2024

In essence, it's the art and science of making sure that every penny spent by your business not only counts but is accounted for. Imagine a world where the Great Pyramids were built without any measurement tools, a feat of precision based purely on guesswork. Seems implausible, right? I mean, think about it.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

PYMNTS

JULY 30, 2019

To connect consumers who are looking to take a dip in the summer heat with property owners who have a place for people to cool down, online platforms are taking a sharing economy approach to pools. We’re democratizing swimming,” Weinberger said, pointing out that Airbnb has made the sharing economy concept more normalized.

Economy 40

Economy Direct Deposit Rules Blocks 40