PYMNTS

APRIL 9, 2019

A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. The emails look legitimate, and purportedly come from the company’s CEO, CFO or payroll director. Once the changes are made, a paycheck will go directly into a criminal’s account.

Direct Deposit 83

Direct Deposit Scams Wires Wire 83

Nanonets

APRIL 30, 2024

Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check.

Direct Deposit 98

Direct Deposit Payroll Checks Cross-Border 98

The Paypers

APRIL 13, 2022

Australia-based banking super app Douugh has partnered with income and payroll connectivity API provider Pinwheel to facilitate automatic direct deposit switching for its US customers.

Payroll 69

Payroll Direct Deposit Facilitators API 69

PYMNTS

DECEMBER 12, 2019

The company behind QuickBooks , Intuit , announced it is releasing an expanded suite of online payroll offerings to help small to medium-sized businesses (SMBs) automate payroll and tax filing, according to a press release. hours each pay period preparing, calculating and filing payroll taxes,” Intuit said. “By

Payroll 71

Payroll Direct Deposit Small Business Automation 71

CB Insights

OCTOBER 15, 2021

Atomic , a payroll API provider, has raised $22M in a Series A. Utah-based Atomic’s payroll APIs connect payroll accounts to third-party apps in order to streamline direct deposit switching and employment/income verification for users. How’s the company performing? Want the full post?

Payroll 78

Payroll API Direct Deposit Verification 78

PYMNTS

AUGUST 13, 2019

Amid the growing list of cybersecurity concerns businesses must keep on top of, payroll is a growing target for attackers both inside and outside the enterprise. The latest cases of payroll-related cyber incidents reveal the vulnerabilities of the financial process of compensating employees.

Payroll 60

Payroll Direct Deposit Phishing Cybersecurity 60

PYMNTS

SEPTEMBER 15, 2020

15) announced the launch of two new features the company says will make payroll easier for employers and employees alike. Instant Payments allows Square Payroll customers to fund their payroll using the money in their Square Balance, where sales they process via Square are stored. Square Inc. NYSE:SQ) on Tuesday (Sept.

Payroll 102

Payroll Instant Payments On-Demand Direct Deposit 102

Stax

SEPTEMBER 17, 2024

sanctioned countries Security Features Highly secure with financial industry standards, encryption, and strict protocols Enhanced security with proof of identity required Best for Recurring bills, payroll, government transactions, B2B payments High-value transactions, urgent payments, international transfers What is ACH (Automated Clearing House)?

Wire Transfer 88

Wire Transfer Wires Wire ACH 88

PYMNTS

JUNE 1, 2018

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. The tool supports businesses “who want to pay their independent contractors the same convenient way they pay their employees – via direct deposit,” the company said in a press release.

Direct Deposit 40

Direct Deposit B2B IRS Payroll 40

Stax

APRIL 23, 2024

TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACH operators because they are more convenient than most direct deposits.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

PYMNTS

FEBRUARY 22, 2019

Internal Revenue Service (IRS) said that ahead of tax season, preparers and other victims received requests to change direct deposit activity. According to the disclosure via the state attorney general (AG), and as reported by Clarion Ledger , state agency HR departments are being approached and asked to submit direct deposit forms.

Direct Deposit 54

Direct Deposit Scams IRS Business Email Compromise 54

Nanonets

APRIL 30, 2024

Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check.

Direct Deposit 52

Direct Deposit Payroll Checks Cross-Border 52

EBizCharge

SEPTEMBER 18, 2024

ACH payments offer a secure, reliable, and cost-effective way to transfer funds for payroll, recurring bill payments, direct deposits, and other routine transactions. Here are six essential ACH payment codes to know: PPD (Prearranged Payment and Deposit Entry): PPD codes are used primarily for direct deposit.

ACH 52

ACH IAT ACH Network Direct Deposit 52

PYMNTS

FEBRUARY 27, 2020

consumers frequently want to make recurring payments via direct debit, but few domestic businesses accept that method, according to a recent report. Banks can help change the tide by joining direct deposit payment rails and offering services specially designed for SMB clients. Download the Tracker to read the Deep Dive.

Payroll 56

Payroll Direct Deposit Debit Card Social Security 56

Payments Source

MAY 31, 2018

Intuit has added new features to QuickBooks Payroll so employers can make payroll at the last minute, delivering same-day paychecks to workers with the option to make direct deposits to contract employees.

Payroll 65

Payroll Direct Deposit Faster Payments ACH 65

PYMNTS

MAY 12, 2020

On that list of well understood shortcomings is employee payroll, Ceridian Chairman and CEO David Ossip told Karen Webster in a recent conversation, and the speed and accuracy at which the money people earn is made available for them to spend. Breaking Out Of Payroll’s Past. It’s also given innovators a renewed impetus to improve them.

Payroll 108

Payroll On-Demand Direct Deposit Process 108

PYMNTS

MARCH 2, 2020

These businesses do not always have the time or resources to find and hire temporary workers, add them to payroll, and remove them a few weeks later. Companies thus often turn to staffing agencies — which keep temporary workers on payroll and send them out as needed to short-term jobs — to help them connect with ad hoc workers.

Payroll 52

Payroll Direct Deposit ATM Checks 52

The Fintech Times

JUNE 8, 2024

Payments giant Mastercard has integrated Deposit Switch and Bill Pay Switch into its open banking platform, in a move that enables consumers to automatically switch their direct deposits and update their recurring bill payments, when opening a digital account or when updating information on an existing account.

Visa 69

Visa Payroll Direct Deposit Credential 69

PYMNTS

NOVEMBER 26, 2020

The traditional payroll cycle has been entrenched for employees and employers for decades, running on familiar rails and with well-known frictions. Sticking with established weekly or biweekly payroll schedules is out of the question for many entities that are now seeking alternative ways to manage these processes.

Payroll 75

Payroll Real Time Payments P2P Payments 75

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

PYMNTS

JUNE 29, 2020

A central theme running through PYMNTS’ June 2020 Next-Gen Payroll Tracker® , done in collaboration with ADP® , is the work being done to nix traditional payday for more responsiveness in payroll – and the positive outcomes that increasingly ensue. Five Generations of Workers, One Breakthrough.

Payroll 52

Payroll Direct Deposit Alternative Payment Methods Checks 52

PYMNTS

JULY 17, 2020

JoAnn Kintzel , CEO of Procare Solutions , a company that develops technology for childcare center back offices, recently told PYMNTS that the sector has an opportunity to accelerate modernization, particularly when it comes to payroll. A Remote Environment. The challenge of remote working is not easily overcome when it comes to childcare.

Payroll 64

Payroll Direct Deposit Automation Contactless Payments 64

PYMNTS

NOVEMBER 9, 2018

Like the rest of the financial services market, payroll is participating in the anti-paper movement. The biggest impact of this shift is businesses’ decision to embrace direct deposit over paper paychecks, a trend that took off and led to nearly 94 percent of employees being paid this way, according to the American Payroll Association.

Payroll 55

Payroll Direct Deposit On-Demand Value Added Service 55

The Paypers

APRIL 13, 2022

Australia-based banking super app Douugh has partnered with income and payroll connectivity API provider Pinwheel to facilitate automatic direct deposit switching for its US customers.

Payroll 31

Payroll Direct Deposit Facilitators API 31

PYMNTS

JUNE 4, 2019

Of all of the back-office financial operations of a small business, payroll is one that is evolving perhaps the most dramatically, and quickly. In some respects, it depends on a small business’s ability to adjust its vantage point, and to view payroll more as an opportunity to promote growth. Augmenting Payroll.

Payroll 57

Payroll Payment APIs and Integration Small Business Payments 57

PYMNTS

OCTOBER 30, 2018

Payroll is not a one-size-fits-all function of the enterprise. As payroll technology evolves, companies have more options when it comes to improving this financial function. ” In today’s market, gig work is a booming space that’s challenging the status quo of payroll. As much as one third of the U.S.

Payroll 53

Payroll Product Direct Deposit Checks 53

CB Insights

JANUARY 20, 2022

Pinwheel , a payroll API provider, has raised $50M in a Series B. New York-based Pinwheel helps fintech companies and financial institutions manage direct deposits, verify income and employment information, and streamline other payroll processes. HOW’S THE COMPANY PERFORMING? processes each month.

Payroll 51

Payroll API Checks Direct Deposit 51

PYMNTS

JULY 8, 2019

In a move that extends payroll card portfolios to serve small and medium-sized businesses (SMBs), global business payments company FLEETCOR Technologies, Inc. has acquired payroll card provider SOLE Financial. In addition, SOLE has built an extensive ‘referral network’ among payroll processors and PEO firms, that we hope to extend.”.

Payroll 55

Payroll Advisors Direct Deposit Financial Inclusion 55

PYMNTS

MARCH 30, 2018

There is one exception to B2B payments’ aversion to speed: payroll. Employers see potential in faster payments technologies to remedy key points of friction in payroll, like fixing payroll errors. 1 request” for clients of payroll company Wagepoint, its CEO, Shrad Rao, told PYMNTS last year. “We and Canada.”.

Payroll 53

Payroll Faster Payments Direct Deposit Same Day ACH 53

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. One of the biggest barriers to payroll innovation in recent decades has been the process’s reliance on ACH.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

Finovate

JUNE 13, 2024

Under the partnership, Lumin will leverage Pinwheel’s Prime and Verify tools that will offer a deposit switching solution and verified income and employment information, respectively. Payroll data connectivity platform Pinwheel announced today it is integrating its technology into digital banking solution Lumin Digital.

Direct Deposit 59

Direct Deposit Payroll Credit Union Underwriting 59

PYMNTS

NOVEMBER 18, 2019

The company recently launched a new function in its time clock platform, connecting accountants and payroll providers to employee time-tracking data to prevent manual and double data entry. Payroll and accounting are “codependent functions,” Mathews recently told PYMNTS. A Changing Payroll Landscape. Technological Barriers.

Payroll 48

Payroll API Economy Accounts 48

PYMNTS

NOVEMBER 19, 2020

Getting paid monthly used to be more common than bi-weekly, and direct deposit has largely supplanted physical paychecks in most places. It’s an idea that has the power to change the payments parameters in the entire payroll industry. Human resources and payroll platform Ceridian also offers an EWA solution.

Payroll 67

Payroll PayPal On-Demand Direct Deposit 67

EBizCharge

AUGUST 28, 2024

This fundamental component of the banking industry enables the correct routing of funds for transactions such as direct deposits, wire transfers, and electronic funds transfers (EFTs). It’s important to verify the appropriate ABA number for your transaction, especially when setting up direct deposits or initiating wire transfers.

Wire Transfer 52

Wire Transfer Direct Deposit Wires Wire 52

EBizCharge

AUGUST 28, 2024

This fundamental component of the banking industry enables the correct routing of funds for transactions such as direct deposits, wire transfers, and electronic funds transfers (EFTs). It’s important to verify the appropriate ABA number for your transaction, especially when setting up direct deposits or initiating wire transfers.

Wire Transfer 52

Wire Transfer Direct Deposit Wires Wire 52

PYMNTS

JUNE 26, 2020

The money was sent out by check and direct deposit, yet millions did not receive the funds. Some firms already had digital tools and platforms in place to streamline their payroll operations, but many others have had to scramble to adapt to these new realities. Emerging digital payroll solutions.

Payroll 52

Payroll Debit Card Direct Deposit Online and Mobile Banking 52

PYMNTS

NOVEMBER 14, 2019

Such is a standard that is making its way to the payroll space. Employees want to be paid on time, accurately, and without any additional administrative burden, requirements that have made direct deposits and other electronic payroll methods popular choices over the paper payroll check.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50