PYMNTS

OCTOBER 21, 2020

Speaking with PYMNTS, Sohn offered insight into why prepaid debit cards are a valuable solution to not only address the payroll needs of underbanked professionals, but strengthen the employer-employee relationship while bringing more people into the digital economy. Paper Checks And The Underbanked. Embracing Existing Technology.

Payroll 56

Payroll Debit Card Online and Mobile Banking Checks 56

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

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

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

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

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

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

MARCH 12, 2020

In the gig economy, offering short-term and project-based workers payments in the ways they want, and especially when they want, can be a strategic advantage in keeping employees loyal. That short timeframe between disbursement and receipt of funds, she said, is ideal for the gig economy.

Payroll 61

Payroll Issuers Debit Transaction Push-to-Card 61

PYMNTS

SEPTEMBER 30, 2020

Within functions like human resources and payroll, digitization can empower public sector entities with employee data for more efficient talent management. To foster this environment, entities can guide their technological investments and modernization initiatives in payroll and HR to support employee needs.

Payroll 97

Payroll Best Practices Technology Innovation 97

PYMNTS

JUNE 29, 2020

What’s surprising is how conspicuously antiquated “payday” suddenly seems in an economy that went digital-first without hesitation. That’s not unexpected, all things considered – just another eye-popping statistic from the next normal. The traditional two-week paycheck cycle is more insufficient than ever to meet workers’ needs.

Payroll 52

Payroll Direct Deposit Alternative Payment Methods Checks 52

Payments Source

JULY 9, 2020

As the age of clocking in and out of the office gives way to the gig economy and remote employment opportunities around the world, so changes the expectations the current workforce has around the way they will be paid.

Payroll 102

Payroll Innovation Economy Process 102

Fintech Finance

JULY 9, 2024

NOW Money , one of the leading inclusive digital payroll and banking platform for migrant workers, today announced its new strategic partnership with Mastercard , a global technology company in the payments industry.

Visa 98

Visa Financial Inclusion Fraud Detection Financial Literacy 98

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

JANUARY 4, 2019

Even amid declines in the financial markets, employers in the United States brought more jobs into the economy in December at the quickest cadence in months. 4) that over the course of December, non-farm payrolls in the United States rose by 312,000 per seasonally adjusted numbers. The Labor Department indicated on Friday (Jan.

Payroll 52

Payroll Economy Adjustments Checks 52

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

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

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

AUGUST 5, 2020

Morgan Chase shows the economy at a standstill, according to a report by CNBC. Louis Federal Reserve said the employment situation could have worsened since mid-July when the non-farm payrolls survey was conducted. Consumer spending data from J.P. Also, in a blog post , the St. The Fed cited data from scheduling firm Homebase.

Economy 58

Economy Federal Reserve Shutdown Fed 58

Fintech News

JULY 31, 2024

This expansion enhances Nium’s ability to offer a wide range of local currencies through wire transfers and local payment systems, meeting the needs of various markets, including developing and emerging economies.

Cross-Border Payments 124

Cross-Border Payments Cross-Border Payment APIs and Integration Wire Transfer 124

Payments Source

NOVEMBER 5, 2020

My Digital Accounts is working with Modulr to deliver automated payroll services for U.K. contract workers.

Payroll 72

Payroll API Automation Accounts 72

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

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

SEPTEMBER 23, 2019

Unfortunately, says Caroline Hollis, head of Square Payroll , what entrepreneurs quickly find once they’ve begun the process of turning their passion into a profession, is that an awful lot of what they do isn’t going to be the thing they find inspiring. Most payroll software, she noted, is built for companies that have salaried workers.

Payroll 59

Payroll Innovation IRS Process 59

PYMNTS

NOVEMBER 27, 2020

With an estimated 11,000 independently owned pawnshops operating nationwide, it’s a niche business with a unique view on society and the economy. “We call it the ‘silly season’,” Summa said. The Lender of Last Resort. But he says pawnshops cater to all manner of customers that defy stereotypes. Old Industry, New Technology.

Economy 87

Economy ATM Payroll Checks 87

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

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

JULY 9, 2018

is expanding payroll card operations across the African continent, a market that represents significant growth for the company. A recent press release said Mint has entered into an agreement to process Mastercard -branded payroll cards to disburse salaries to government employees. The Mint Corp.

Payroll 40

Payroll ATM Visa Agreements 40

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

JULY 23, 2018

Xero has announced that Gusto will be the preferred payroll provider for its small business and accountant customers in the U.S. The partnership will allow Xero to deliver full-service payroll in all 50 U.S. In addition, Gusto instantly syncs payroll and financial data with Xero, as well as expense-tracking and time-tracking software.

Payroll 40

Payroll Small Business Credential Advisors 40

PYMNTS

NOVEMBER 15, 2020

Called BitPay Send, the service is focused on international and gig economy work in which people need to pay multiple recipients at the same time. In other news, BitPay has launched a new service letting businesses pay employees, contractors, customers and vendors via cryptocurrency, CoinDesk reported.

Payroll 68

Payroll Blockchain Cryptocurrency Bitcoin 68

Payments Source

AUGUST 13, 2018

Generation Z and later groups will increasingly demand alternative salary options, including bitcoin and other cryptocurrencies, according to David Johnson, founder and CEO of Latium.

Payroll 67

Payroll Economy Cryptocurrency Bitcoin 67

PYMNTS

APRIL 24, 2018

Today, this payroll schedule means an estimated 70 percent of employees in the U.S. This solution also shifts the control of payroll onto the hands of the employee – a control that has traditionally been in the hands of the employer and its payroll system, locked into bi-weekly or monthly paychecks. “If

Payroll 43

Payroll Consumer Financial Protection Bureau (CFPB) Faster Payments Real Time Payments 43

Payments Source

FEBRUARY 23, 2021

Making gig workers’ pay automatically available at no cost each day or after each completed shift would benefit everyone, while providing a win-win scenario for the worker and platform alike, says Payfare's Marco Margiotta.

Payroll 98

Payroll Economy Digital Payments Payments 98

PYMNTS

FEBRUARY 5, 2020

The rise of the gig economy is inexorable. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. The Gig Economy. By some estimates, within this decade, about half of the U.S. The Advantages.

Economy 61

Economy Automation Value Added Service Compliance 61

PYMNTS

FEBRUARY 4, 2019

1) morning, according to the Department of Labor’s Bureau of Labor Statistics (BLS), that United States payrolls had increased by 304,000 positions in January. The high-level discussion also shed light on other avenues of growth — namely, the gig economy. PYMNTS data showed, too, that economy participation rose from 33.8

Economy 59

Economy Participant Social Security Payroll 59

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 trillion in loans. The daily demand for loans has been more than the SBA typically processes in a year.

Federal Reserve 56

Federal Reserve Facilitators Economy Fed 56

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