PYMNTS

APRIL 10, 2019

The Index also discovered that the gig economy is among one of the first areas to disrupt the normal pay cycle. Access to these types of payments isn’t limited to just the gig economy, though. . On-demand earnings offer workers a financial lifeline should they be blindsided by unexpected expenses.

On-Demand 60

On-Demand Direct Deposit Payroll Instant Payments 60

PYMNTS

SEPTEMBER 15, 2020

Just like accounts payable (AP) departments, payroll clerks have been faced with major disruption as a result of the pandemic, particularly when payroll systems remain paper-based. But shifting away from paper paychecks toward digital payroll solutions hasn't been the only influence of market disruption. Beyond the Gig Economy.

Economy 59

Economy Payroll On-Demand Real Time Payments 59

BitPay

APRIL 25, 2023

As the digital assets landscape evolves, companies of all sizes are integrating cryptocurrency into their business models to make key processes like employee payroll faster, cheaper and more efficient. There are many compelling reasons to power your payroll with crypto, and many ways to get started, even with little to no technical knowledge.

Payroll 52

Payroll Cryptocurrency Processors Blockchain 52

PYMNTS

MARCH 7, 2019

The gig economy has changed — and is still changing — when we work, how we work and, of course, how we get paid. Readers of this space may recall some stats at the end of last year, where the PYMNTS Gig Economy Index found that as many as one-third of workers in the U.S. Want another data point?

Payroll 80

Payroll Push-to-Card Debit Card Economy 80

PYMNTS

JULY 27, 2020

Now, Edwards said, banks are at the same starting point on disbursements, but this is the opportunity to capitalize on the next big digital payments wave — from digital to instant, on-demand money, creating a modern disbursements experience. The evolution to make all payouts instant, on demand and with choice, he noted, is underway.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

AUGUST 6, 2020

From the rise of the gig economy and lower barriers to becoming an independent contractor or a solo-preneur, to the accelerated development of real-time payments capabilities all had major implications for payroll. Again, this all occurs with potentially significant effects on how payroll and the human resource team overall operate.

Payroll 60

Payroll Real Time Payments Automation On-Demand 60

PYMNTS

DECEMBER 20, 2019

Payroll and insurance are two areas in which technology startups have brought disruption to the fold, but challenges in these markets are rarely tackled simultaneously. Each month, businesses must report payroll data to workers’ comp insurance carriers in order to accurately calculate premiums and make insurance payments.

Payroll 52

Payroll Audit On-Demand Legal 52

PYMNTS

FEBRUARY 27, 2020

That’s because a decade ago, the gig economy was still in its nascent stages. According to the latest edition of the Gig Economy Tracker , PYMNTS found that 42 percent of U.S. gig economy. According to the latest edition of the Gig Economy Tracker , PYMNTS found that 42 percent of U.S. gig economy.

Economy 94

Economy Payroll Instant Payments Use Case 94

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

The Fintech Times

SEPTEMBER 23, 2024

The report , Employees with Benefits , explores employees’ growing demands and needs as their benefits landscape evolves. Adapting to changing demands Employers have had to adjust to new employee demands as it becomes clear that the pre-pandemic working environment and associated attitudes are no longer acceptable in the modern day.

AI 59

AI Payment APIs and Integration On-Demand Push-to-Card 59

PYMNTS

NOVEMBER 7, 2016

The gig economy is the future. But does the gig economy also presage the hobbling of the traditional, non-gig economy? The question remains as to whether the tradeoff is one where “traditional” payroll positions are eliminated as work is contracted out.

Payroll 67

Payroll Economy On-Demand Rules 67

PYMNTS

JUNE 29, 2020

What’s surprising is how conspicuously antiquated “payday” suddenly seems in an economy that went digital-first without hesitation. Many of these workers are now being required to work irregular shifts due to social distancing policies or unprecedented demand. Five Generations of Workers, One Breakthrough.

Payroll 52

Payroll Direct Deposit Alternative Payment Methods Checks 52

PYMNTS

JULY 25, 2018

The rise of the gig and on-demand economy has spurned innovation in services managing contingent workers, though much of the new solutions rolling out address payroll and wages for gig workers. According to the PYMNTS’ Gig Economy Index , gig workers now account for 3.7 Stripe launched a similar solution in 2016.

On-Demand 40

On-Demand Payroll Economy Addressing 40

PYMNTS

JUNE 26, 2020

population, which undermined central goals of the funding: to provide immediate financial relief to businesses and consumers and to stimulate a flatlining economy. 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.

Payroll 52

Payroll Debit Card Direct Deposit Online and Mobile Banking 52

PYMNTS

JANUARY 8, 2020

International hiring inevitably brings new complications to payroll, though, as businesses are challenged to manage the different languages, currencies and regulations of their global workforces. “We are now in a global economy, and I can’t see that ever changing,” Reynolds told PYMNTS. An Evolving Workforce.

Cross-Border 40

Cross-Border Cross-Border Payments Payroll Payments 40

PYMNTS

SEPTEMBER 21, 2020

Recent PYMNTS data show that 42 percent of Main Street small and medium-sized businesses (SMBs) have reduced payroll to help mitigate the financial impact of the pandemic. The payroll reductions — whether by cutting staff or paying people less — have increased. What will the 42 percent solution be?

Payroll 61

Payroll Risk Mitigation Adjustments 61

PYMNTS

NOVEMBER 27, 2020

At a time when the coronavirus has caused a spike in unemployment and crippled countless small businesses, the pawnbroking industry has found itself in a perfect storm of sorts, which has fueled a surge in demand for loans as well as an appetite for secondhand merchandise. We call it the ‘silly season’,” Summa said. The Lender of Last Resort.

Economy 87

Economy ATM Payroll Checks 87

PYMNTS

JANUARY 10, 2019

The solution, which has been used for lenders and gig economy companies, is also seeing interest from payroll providers and insurers. On-Demand Wages: A Handy Option For Handyperson Pros. In the U.K., faster payout solutions could soon find a home on the nation’s digital classified ad sites. Around The World Of Disbursements.

On-Demand 62

On-Demand Tax Refunds Push-to-Card P2P 62

PYMNTS

SEPTEMBER 11, 2019

10) that could turn on-demand contract workers into full-fledged employees. . In 2018, the Supreme Court in California ruled that gig economy companies can’t count workers as independent contractors instead of employees. They would also have to pay payroll taxes, all of which could change their business models.

Economy 60

Economy On-Demand Laws Rules 60

PYMNTS

APRIL 6, 2020

Paylocity , which provides HR and payroll services, has acquired VidGrid , which works with peer-to-peer video services, according to a press release.

Payroll 52

Payroll Acquirers FinTech On-Demand 52

PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. Payroll Card Evolution. Take payroll cards. Mobile has changed the payroll game — and, with it, consumer expectations for how it should work.

Payroll 63

Payroll Use Case Innovation Consumer 63

PYMNTS

APRIL 9, 2020

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve announced it has taken actions to facilitate $2.3 The daily demand for loans has been more than the SBA typically processes in a year. trillion in loans.

Federal Reserve 56

Federal Reserve Facilitators Economy Fed 56

The Fintech Times

AUGUST 4, 2024

This meets the growing demands of organisations as they look to meet the diverse requirements of different markets, including developing and emerging economies. This includes marketplaces, payroll, and financial institutions. The announcement has seen Nium expand its capabilities to more than 40 countries and 15 currencies.

Cross-Border 59

Cross-Border Wire Transfer Cross-Border Payments Wire 59

PYMNTS

DECEMBER 18, 2020

Morgan , said financial institutions (FIs) need to offer those firms payments functionality on demand. He said we’re seeing the “API economy” take shape, where banks want to plug new functionality into existing systems on both the front end and back end. That means offering PaaS, they said. Onyx, it should be noted, is a new J.P.

Economy 67

Economy API Payment APIs and Integration FedWire 67

PYMNTS

JULY 23, 2020

The pandemic has exposed extreme vulnerabilities in today’s economy where six in 10 Americans live paycheck to paycheck. In recent years, the gig economy has underscored the importance of disrupting traditional payroll norms. They still fund their payroll exactly the same way they did before.”.

Payroll 85

Payroll On-Demand Economy Visa 85

PYMNTS

JANUARY 17, 2019

The evolution of payroll is all about pushing back against the notion of one-size-fits-all. As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. ” In the U.S.,

Payroll 69

Payroll Payment APIs and Integration On-Demand Identity Theft 69

PYMNTS

SEPTEMBER 6, 2018

Payroll is facing risk exposure from all angles. Cyberattackers are increasingly targeting payroll payouts, while manual data entry introduces the risk of errors. revealed payroll fraud to be the fourth largest type, yielding $9 million in lost funds for employers. “There’s that problem of error in payroll.”

Payroll 43

Payroll Risk Automation Compliance 43

The Fintech Times

MAY 7, 2024

Instant payments in the US ‘, surveyed 300 senior payment professionals in US banks to get a better picture of the demand for instant payments, the barriers to implementation, the challenges banks face, and other important payment trends. Instant payments reduce company failures, and late payments.

Instant Payments 59

Instant Payments FedNow RTP Zelle 59

PYMNTS

MARCH 13, 2018

But Uphold, in its newly announced partnership with cryptocurrency payroll firm Bitwage and Dash (a blockchain-powered cryptocurrency), is committed to making that wage movement easier – both for the employer and the worker. Because, he noted, demand is ever expanding – and coming from places one might not expect. A Natural Evolution.

Cryptocurrency 47

Cryptocurrency Payroll Bitcoin Digital Currency 47

PYMNTS

APRIL 15, 2020

The gig economy is huge, encompassing rideshare drivers, freelance photographers, self-employed business owners and many other participants — and the virus’s short-term effects have proven equally diverse. With COVID-19, [our company has seen] more demand than ever,” he said. We don’t really need people on premises.’”.

Economy 56

Economy Participant On-Demand Payroll 56

PYMNTS

DECEMBER 6, 2019

The growing significance of the gig economy is changing how businesses handle their payments. Corporations recognize that paying freelancers for ad hoc projects is a different ball game than issuing regular payroll disbursements to hourly or salaried employees or contracting with large suppliers. Around The Next-Gen Payments Landscape.

Payments Tools 74

Payments Tools Payroll Payments Economy 74

PYMNTS

MAY 15, 2020

And the government noted that the economy lost 20.5 million positions last month, which is said to be the steepest drop in payrolls as of the Great Depression. And the government noted that the economy lost 20.5 million positions last month, which is said to be the steepest drop in payrolls as of the Great Depression.

Economy 89

Economy Payroll Governance Government 89

Tearsheet

NOVEMBER 27, 2023

Faced with changing financial demands, businesses often encounter the need for flexibility in financial transactions. But, these spontaneous and irregular payments, while addressing immediate needs, can become a double-edged sword for enterprises as they introduce inconveniences to their usual invoicing and payroll processes.

Instant Payments 52

Instant Payments Zelle Payments Economy 52

PYMNTS

SEPTEMBER 13, 2018

The gig economy is a formidable source of employment – and it’s not full of just Uber and Lyft drivers. workforce participated in the gig economy in the second quarter of this year, according to the PYMNTS Gig Economy Index. There are gig workers in all sorts of verticals, from arts and design to repair and installation.

Economy 45

Economy Near Real-Time On-Demand Payroll 45

PYMNTS

MAY 14, 2020

But as PYMNTS and Mastercard demonstrated in a survey last fall, the progress of speeding up pay for the gig economy, in particular, has been quick, consistent and highly impactful. More notable is how sharply the demand for instant pay was already rising as of the end of 2019. And how are workers planning to use those funds?

Payroll 64

Payroll Payment APIs and Integration Visa On-Demand 64

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 9, 2020

The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in loans through the coronavirus crisis, Reuters reported. The daily demand for loans has been more than the SBA typically processes in a year. trillion in loans.

Federal Reserve 70

Federal Reserve Fed FinTech Small Business 70