PYMNTS

SEPTEMBER 21, 2016

20), researchers found a 1 percent increase in the use of paper checks for B2B payments compared to 2013 levels. On the other hand, the report found that, on average, a business receives 44 percent of its payments by check, down from 50 percent in 2013. For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept.

Same Day ACH

PYMNTS

JANUARY 18, 2019

As reported late this week in Dark Reading , and as estimated by security research firm Agari , efforts are “ramping up” wherein criminals look to “divert payrolls” of senior executives. Agari said the payroll diversion scams are on the rise, and are gaining traction as a result of social engineering.

Business Email Compromise

Fintech News

JULY 15, 2024

MoBiz focuses on payroll and advanced salary services, B2B transfers, interbank transfers, cash-in/out, bulk-bill mobile top-up, and utility bill payments. Ongo also provides mobile payroll services, eliminating the need for individual cash salary payments. These products include MoBiz, MoBills, MoPayments, and MoMoney.

FinTech

PYMNTS

FEBRUARY 9, 2020

Steiner said he helped the 49-year-old Mann allegedly defraud two finance companies out of nearly $13 million between 2013 and 2019. payroll company. The company handled payroll for roughly 1,000 businesses across the United States. He was charged in September with fraud but has not yet entered a plea.

Payroll

PYMNTS

APRIL 26, 2020

Digits was created by the team responsible for building Crashlytics, which was sold to Twitter in 2013. Business owners can seamlessly switch to Digits and connect with services a company already deals with — accounting, lenders, payroll, financial and more, TechCrunch reported. In November, Digits closed a $10.5

Small Business

PYMNTS

SEPTEMBER 11, 2020

As reported by CNBC , the latest forays into “virtual” crowds extend a partnership that the NFL has had in place with Microsoft since 2013, where Microsoft Surface hardware is deployed to help run operations. This time around, Fan Mosaic, as enabled by Microsoft Team Meetings, broadcasts fans onto those LED screens.

Payroll

PYMNTS

NOVEMBER 6, 2020

The full 1 percent drop in the jobless rate takes it back down to where it stood in November 2013.”. He added that “more than the usual examination of the payrolls data is required because private employment expanded by 942,000 while government jobs dropped by 268,000, most of which is because of the end of federal Census employment.”.

Economy

Fintech News

FEBRUARY 20, 2024

Xendit enables businesses to accept payments in various methods including direct debit, virtual accounts, credit and debit cards, e-wallets, retail outlets, and online installments, disburse payroll, run marketplaces and more, on an easy integration platform supported by 24/7 customer service. billion to US$15 billion during the period.

FinTech

PYMNTS

OCTOBER 14, 2016

According to a blog post , Symantec said the attacks appear to be “extremely focused” on companies operating in the banking, securities, trading and payroll industries. These additional tools bear the hallmarks of a sophisticated attacker, which has plagued the financial industry since at least 2013 — Carbanak.

SWIFT

PYMNTS

FEBRUARY 29, 2016

According to reports that appeared overnight in Los Angeles Times , a payroll department employee accidentally emailed the personal information of about 700 employees (current and past) to someone masquerading as Snapchat CEO Evan Spiegel. The specific answer the scammer requested and received?

Phishing

PYMNTS

MAY 16, 2018

Local news stories show that fraud – across payroll schemes and otherwise – remains alive and well across the globe. In one example, in Kenya, media outlets reported audits have shown that Isiolo County exaggerated its payroll reporting and lost “hundreds of millions of shillings” between the period of 2013 to 2017.

Due Diligence

PYMNTS

OCTOBER 13, 2016

which was added in 2013. “We Kabbage offers a variety of loans up to $100,000 with types scaling from SBA and Small Business Credit Cards, to Online and Peer-to-Peer, to Equipment and Inventory, to Payroll and Professional Loans. Our focus has always been on user experience and for them to get capital in less than ten minutes.

Small Business

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Payroll & Benefits. See how Amazon is battling it out against fintech startups. Oscar Health.

FinTech

PYMNTS

AUGUST 12, 2019

percent of an enterprise’s non-payroll business spend is accounts-payable based and 3.7 Separately, AppZen, said that within companies themselves, expenses are not monitored as closely as they might be with the aid of technology. As noted in the August 2019 “The State of AI in Business Spend,” 96.3

Business Email Compromise

Fintech Labs Insights

MAY 12, 2015

PayActiv’s MyMo (My Money) app and ecosystem requires no change in existing IT or payroll process of an employer. Founded: January 2013. PayActiv introduces MyMo, an app and ecosystem that help employees cover the gap between earning and spending. HQ: San Jose, California. Website: payactiv.com. Twitter: @payactiv.

Finance

PYMNTS

OCTOBER 3, 2018

The data bowed two days before the non-farm payrolls report, to be released by the Labor Department, and where economists also see gains of 185,000 positions. Looking ahead, Zandi said there are more openings than unemployed, and wage growth is touching roughly 3 percent, double that seen as recently as the 2013-2014 timeframe.

Economy

PYMNTS

JUNE 27, 2018

The deliveries took place between 2010 to 2013 and racked up tens of thousands of dollars in charges — despite the fact that chefs were employed in the residence. Separately, in Pennsylvania, a former owner of a payroll company faces more than two and a half years in prison, having stolen roughly $6 million from more than 200 clients.

Risk

PYMNTS

MARCH 1, 2019

Businesses and consumers are increasingly using real-time payments solutions for everything from payroll disbursements to settling insurance claims. Governments can quickly disburse emergency relief funds, and employers can deliver speedy payments to temporary hires or transmit rapid payroll corrections.

Faster Payments

PYMNTS

FEBRUARY 6, 2018

Those firms, according to the same SBA report, had an annual payroll of $195 billion, receipts of $1.14 Between its founding in 2013 and 2016, StreetShares had previously raised $8.3 According to the Small Business Administration , of the 28 million U.S. SMBs, roughly 2.5 million, or 9.1 million jobs. What’s Next.

Non-Bank

PYMNTS

OCTOBER 8, 2018

After all, regulators warned Danske in 2007 of potential worries in Estonia, a concern JPMorgan Chase echoed six years later in 2013 when it cut its relationship with Danske. Moreover, he noted, the staffing and spending requirements to keep up with the pace of global regulatory change, jurisdiction by jurisdiction, is becoming unwieldy.

Rules

PYMNTS

JUNE 16, 2016

Target first began exploring ship-from-store capability in a limited fashion starting in 2013, but it was August of last year that saw CEO Brian Cornell tell investors that Target planned to nearly triple the number of stores in its stable with the capacity from 140 to 450 with in a year.

Payroll

PYMNTS

APRIL 4, 2016

That’s up from 57 percent in 2013. Researchers also found that the number of B2B buyers that spent at least 90 percent of their budgets online has doubled between 2013 and 2014, from 9 percent to 18 percent. of businesses increased their payroll between February and March , found the CBIZ Small Business Employment Index.

Small Business

PYMNTS

JANUARY 8, 2018

to $0.25), which will help offset the cost of technology investments that have been tied to initiatives such as the voice-activated features with Alexa, which were unveiled in mid-2017, and Easy Orders, which debuted in 2013.

Payroll

PYMNTS

AUGUST 17, 2018

A bit closer to home, in the wake of a data breach in Adams County, Wisconsin – one that affected 250,000 people – several employees allegedly tied to that breach are still on the county payroll. 1 of 2013 and the end of March 2018.

B2B

CB Insights

FEBRUARY 1, 2019

in 2013 to 15.8% Founded in 2015, Sleekr borrows from Gusto ‘s model in the US and offers a combination of software automation tools to small businesses for HR administration, payroll, and business processes. This analysis focuses on where insurance innovation in the market is happening today and where it is headed next.

Online and Mobile Banking

Fintech Labs Insights

JUNE 10, 2015

” Bright Funds has developed technology, the Bright Funds Enterprise platform, that seamlessly integrates into payroll and human resource information systems (HRIS), making it easier to launch and manage charitable giving programs. ” Bright Funds made its Finovate debut at FinovateSpring 2013.

Payroll

CB Insights

FEBRUARY 13, 2020

The company was ultimately acquired by PayPal in 2013, and now represents a sizable chunk of its merchant business. In 2013, the company bought Kickoff , a chat and task management app, and in 2016 it purchased RunKit to supplement existing developer prototyping tools. Empower developers.

Online and Mobile Banking

Fintech Labs Insights

OCTOBER 19, 2021

Payroll/SMB. Payroll/SMB. June 2021 round. 9 Sep 2021. July 2021 round. June 2021 round. 22 Sep 2021. 9 Sep 2021. 9 Sep 2021. South Korea. Aug 2021 round. 9 Sep 2021. 9 Sep 2021. 9 Sep 2021. One97 (PayTM). Nov 2019 round. Checkout.com. Jan 2021 round. 9 Sep 2021. Plaid Technologies. April 2021 round. Infrastructure. 9 Sep 2021.

FinTech

Fintech Labs Insights

JANUARY 21, 2022

Payroll/SMB. Payroll/SMB. Block ( Square ). June ’21 round. Checkout.com. Jan ’22 round. July ’21 round. August ’21 exit to Square. Aug ’21 round. FTX Exchange. Oct ’21 round. Plaid Technologies. April ’21 round. Infrastructure. Jan ’22 round. Aug ’21 round. Oscar Health. Mar ’21 IPO pricing. July ’21 SPAC (proposed). Cayman Islands.

FinTech

PYMNTS

SEPTEMBER 9, 2016

Use cases for Same Day ACH include account-to-account transfers and same-day payrolls, to name a few. 2013 and Feb. If NACHA’s projections come to fruition, about 1.4 billion Same Day ACH payments will be made yearly in the decade following the complete implementation. 2016, according to the FBI. The cost of such attacks?

Same Day ACH

Fintech Labs Insights

APRIL 8, 2021

Israel-based payroll provider. . #116(t) Bitpanda : $1.2B Austrian crypto startup. 116(t) Pilot : $1.2B US-based SMB accounting. 124 Zego : $1.1B UK-based automobile insuretech. 129(t) Papaya Global : $1.0B 129(t) Flutterwave : $1.0B US-based payment company. 129(t) Clearbanc : $1.0B US-based SMB alt-lender. 129(t) Feedzai : $1.0B Cardlytics.

FinTech

PYMNTS

MAY 13, 2017

The median duration of young adults living with their parents increased by six months from 2005 to 2013. Over a third — 36 percent — said other than having a place to live, their kids are off the payroll and receive no additional financial help. The data also indicates that the length of stay with Mom and Dad is getting longer.

Addressing

Fintech Labs Insights

NOVEMBER 22, 2021

Payroll/SMB. Payroll/SMB. 5 Nov 2021. July 2021 round. 5 Nov 2021. June 2021 round. 5 Nov 2021. August 2021 exit to Square. August 2021 exit to Square. 5 Nov 2021. Aug 2021 round. FTX Exchange. Oct 2021 round. 5 Nov 2021. New Zealand. Accounting. 5 Nov 2021. 5 Nov 2021. Aug 2021 round. Oscar Health. Mar 2021 IPO pricing. Oct 2020 IPO.

NOV

Fintech Labs Insights

NOVEMBER 22, 2021

Payroll/SMB. Payroll/SMB. 5 Nov 2021. July 2021 round. 5 Nov 2021. June 2021 round. 5 Nov 2021. August 2021 exit to Square. August 2021 exit to Square. 5 Nov 2021. Aug 2021 round. FTX Exchange. Oct 2021 round. 5 Nov 2021. New Zealand. Accounting. 5 Nov 2021. 5 Nov 2021. Aug 2021 round. Oscar Health. Mar 2021 IPO pricing. Oct 2020 IPO.

NOV

Fintech Labs Insights

MAY 3, 2021

128 Deel : $1.25B US-based payroll processor. . #119 (tie) Alkami : $1.4B US-based bank tech provider. 119 (tie) Chargebee : $1.4B US-based payments company. 126 Signifyd $1.3B US-based payments security provider. 142 (tie) Groww : $1.0B India-based investing startup. 142 (tie) The Zebra : $1.0B US-based insurance lead gen company.

FinTech

Fintech Labs Insights

DECEMBER 7, 2020

2-Dec-2020. 2-Dec-2020. Nov 2018 trans. 2-Dec-2020. New Zealand. One97 (PayTM). Nov 2019 round. Sep 2020 round. United States. Sep 2020 round. United States. Sep 2020 round. Sep 2020 round. July 2019 round. Dec 2019 round. United States. 2-Dec-2020. United States. 2-Dec-2020. OneConnect/PingAn. 2-Dec-2020. Oct 2018 round. United States. 2-Dec-2020.

FinTech

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking are well funded: Collectively, these 61 startups have raised $3B across 173 deals since 2013. All others operate under special regulatory licenses and/or partner with financial institutions and some, like Revolut, are in the process of obtaining a charter.

Online and Mobile Banking