article thumbnail

SBA On PPP Numbers: One Million Loans, $247B (So Far)

PYMNTS

times their W-2 payroll if they apply. The loans are forgiven if the firms that receive the loans keep their payroll constant over the next eight weeks. In terms of the mechanics of the loans themselves, an important provision of the PPP program is loan forgiveness. SMBs with fewer than 500 employees can receive 2.5

Payroll 80
article thumbnail

Visa Expands Fintech Fast Track Programme to ‘Catalyse new Growth Opportunities’

The Fintech Times

Visa Stop Payment Service: enables financial institutions to stop payment on a specific check or range of checks. Visa Risk Manager solution: helps financial institutions manage and mitigate payment risks. The programme now also provides a 12-month free trial of this solution.

FinTech 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa Expands Fintech Fast Track to Drive the Next Generation of Money Movement

Fintech Finance

Visa Stop Payment Service: enables financial institutions to stop payment on a specific check or range of checks. Visa Risk Manager solution: helps financial institutions manage and mitigate payment risks. Niural, a global payroll and HR platform for growing startups and enterprises.

FinTech 52
article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

There are two main ACH payment methods: direct deposits and direct payments: ACH direct deposits : Whenever you need to deposit your money to someone’s account, you can do it through ACH direct deposits. It is a kind of payment that goes from a commercial account holder to a consumer. How Does an ACH Transaction Work?

ACH 52
article thumbnail

Top Ramp competitors and alternatives in 2024

Nanonets

Focusing on mid-market companies, Airbase aims to provide a comprehensive platform for managing all non-payroll spending. Customers only pay for the services they use, such as outgoing wires or stop payments. Gusto is primarily a payroll and HR management platform, while Ramp focuses on spend management and AP automation.

article thumbnail

Today In Payments: Brazil Central Bank Shuts WhatsApp Payments; Visa’s SMB Hub Launches With PayPal, Freshbooks

PYMNTS

Brazil’s Central Bank Shuts Down WhatsApp Payments. Brazil’s central bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns. Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said.