Economy Payroll Same Day ACH 
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.
PYMNTS
DECEMBER 13, 2017
In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. Said Herd, additional findings reveal that there are some institutions that would like to offer Same Day ACH to their customers, but the processors or vendors that they rely on haven’t enabled it yet.
PYMNTS
APRIL 24, 2018
Today, this payroll schedule means an estimated 70 percent of employees in the U.S. live paycheck-to-paycheck – and many struggle to make necessary purchases or payments in the days leading up to payday. The gig economy has changed employers’ views on their own employee base,” he said.
PYMNTS
AUGUST 24, 2016
From Same Day ACH to paycard controversies , a few recent news stories have placed payroll in center stage. 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. Industry experts agree.
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 volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months.
PYMNTS
NOVEMBER 3, 2020
For instance, some FIs on the RTP network provided Paycheck Protection Program loan payments in real time, which helped struggling businesses meet payroll obligations to employees.
PYMNTS
MARCH 18, 2019
First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Same Day ACH and the card rails – both of which allow for money to move fast into consumer and business bank accounts for every consumer with a debit product.
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