PYMNTS

NOVEMBER 20, 2020

Such factors could drive companies worldwide to seek the utility and flexibility of delivering payroll via prepaid cards, and this month’s Deep Dive examines companies’ growing interest in these tools. . Alternative payroll methods are also important in countries like the U.S., Speeding up payroll . Paying unbanked workers .

Payroll

PYMNTS

MAY 6, 2020

Nium, formerly known as InstaReM, has closed four funding rounds totaling $59 million since it was founded in 2014. Through a “fully micro-service driven model,” Nium aims to get rid of inefficiencies that often affect traditional payment processes in eCommerce, payroll and other business functions. and the U.S.

FinTech

PYMNTS

FEBRUARY 6, 2019

The issue mirrors the debate over payroll card fees, and raises new concerns over fees linked to card products for businesses, including interchange fees. Yet, reports said there have been 366 complaints filed with the Federal Trade Commission (FTC) against FLEETCOR since 2014. WEX Inc. ,

Payroll

PYMNTS

JANUARY 19, 2021

Walmart said that since 2014, it has saved people in excess of $1.5 Walmart’s payroll numbers 2.2 As the world’s largest retailer, Walmart offers customers transparent financial services using their preferred providers. billion across its financial services offerings. Its fiscal year 2020 revenue hit $524 billion. and abroad.

Cross-Border

PYMNTS

AUGUST 12, 2019

But for the Fed and its rails, they say, employees will be resigned to the bad old days of antiquated payroll systems that force them to live paycheck to paycheck, and at great financial risk. Employers schedule payroll a day or two in advance with their payroll providers so that employees can access and use those funds on payday.

Real Time Payments

PYMNTS

JANUARY 8, 2019

King and Britt launched Chime in 2014 to address that underbanked segment. Chime also offers no-fee paycheck advances that make funds available to workers as soon as the deposit is initiated by the payroll provider and the bank is alerted. By 2016, Chime was in the market with the full suite of features that digital banks offer today.

Debit Card

PYMNTS

AUGUST 24, 2016

From Same Day ACH to paycard controversies , a few recent news stories have placed payroll in center stage. Without near-real-time payroll tools, the wait for employees to actually see their earnings can be a challenge. Industry experts agree.

Faster Payments

PYMNTS

JULY 20, 2018

Since it launched in 2014, Tilray has yet to turn a profit, recording a net loss of $7.8 -based investors, 18 percent Canadian and 12 percent from outside North America, including London, Frankfurt and Hong Kong. “It It is a validation for us and the entire sector that [cannabis] is a global opportunity,” Kennedy said. “It

Money Laundering

Finovate

AUGUST 27, 2024

ZayZoon ZayZoon’s Embedded EWA, trusted by 180+ HR and payroll companies since 2014, delivers custom end-to-end solutions that enhance offerings, attract clients, and drive new revenue. HR and payroll companies, including SMBs. The post FinovateFall 2024 Sneak Peek Series: Part 7 appeared first on Finovate.

Credit Union

PYMNTS

JUNE 25, 2020

ScaleFactor, which rolled out in 2014, provided software for the automation of back-office work, such as payroll and bookkeeping. Staffers who are leaving the firm will reportedly get 12 weeks of severance in addition to healthcare up to the close of the year. The firm offered its software for a flat charge to its clients.

Automation

PYMNTS

JUNE 12, 2018

Analysts forecasted a 40 percent increase in venture capitalist (VC) funding for construction startups between 2014 and 2017, with investments totaling $375 million last year. ” Another process that may appear menial, but is often a key point of friction for this sector, is time tracking and payroll.

Payroll

PYMNTS

JANUARY 5, 2020

Cash-flow-based lending relies on the inflows (sales and capital) and outflows (payroll and taxes). . In 2014, that figure had improved to about 53 percent. India is probably the only country with [a] cash-credit system of funding working capital requirements of commercial borrowers,” said veteran banker PH Ravikumar.

Payroll

PYMNTS

JANUARY 23, 2017

Research from JPMorgan Chase shows that 16 percent of smaller firms lost one full-time worker, according to 2015 payrolls, while 20 percent added at least two full-time positions. That comes as 89 percent of smaller businesses are indeed small, with 2014 Census data showing that they had fewer than 20 employees.

Small Business

Fintech News

FEBRUARY 20, 2024

Founded in 2014, Xendit is a fintech company that provides payment solutions and simplifies the payment process for businesses. Xendit’s latest round was a US$300 million Series D the company secured in May 2022 intended at launching in new markets across Southeast Asia.

FinTech

PYMNTS

MARCH 7, 2019

And generally speaking, central banks seek to boost bank lending if they see, or foresee, a bit of clogged system in hand, where capital flows are needed to sustain economic growth, to keep companies healthy, so that they in turn can continue to keep workers on payroll. It’s being titled TLTO III, said the news site.

Central Bank

PYMNTS

JULY 15, 2019

Separately, in Oklahoma, a computer software company owner has pleaded guilty to payroll tax fraud. The Justice Department reported that from January of 2014 through June of 2016, Earenest J. Authorities have told the site they believe the stolen funds can be recovered. Grayson Jr., owner of Zealcon Corp., Grayson Jr.,

Business Email Compromise

PYMNTS

OCTOBER 13, 2016

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. The goal of all that money is, of course, to lend to small business owners. Fees range from 1.5

Small Business

CB Insights

FEBRUARY 13, 2020

Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty). The company reached unicorn status in January 2014 at a $1.8B Source: Stripe.

Online and Mobile Banking

PYMNTS

JUNE 7, 2016

Intercept is a payment processor based in North Dakota that is responsible for transmitting electronic funds transfers through the ACH on behalf of its clients, typically for transactions, like payroll deposits, and loan and bill payments. Intercept skipped among eight different banks between 2008 and 2014.”.

CFPB

PYMNTS

JULY 15, 2019

While concerns over a possible upcoming economic recession are beginning to seep into the corporate world, and while smaller businesses are struggling to find adequate talent to grow, overall, some economists welcomed the most recent payroll figures from the U.S. Bureau of Labor Statistics, ADP, and others. Yet when the U.S.

FDIC

PYMNTS

MAY 18, 2016

In 2014, Burger King gave up on its long-time slogan of “Have it your way.” ” Wendy’s might want to snap that up though, because the fast food chain’s most recent checkout experiment could give consumers more power in the ordering process than ever before.

Payroll

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. Product Launch: November 2014. PayActiv introduces MyMo, an app and ecosystem that help employees cover the gap between earning and spending. Presenting Safwan Shah (Founder & CEO).

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

MAY 12, 2017

As it turns out, unlike direct P2P transfers, B2B payments can range from fulfilling payroll to making a trade finance payment. In 2014, its first year in business, the company quickly signed up over 200 customers in Europe and then determined it needed to expand outside the region to build momentum. Struggling with frictions.

B2B

Fintech News

OCTOBER 22, 2024

Founded in 2014, ShopBack claims it now powers over US$4 billion in annual sales for over 20,000 online and in-store partners. Launched in 2017 and operating in Singapore, Hong Kong, Australia, and the UK, Sleek offers a one-stop solution for company incorporation, governance, accounting, payroll, and tax compliance, all managed online.

FinTech

PYMNTS

DECEMBER 8, 2017

The $30 million funding will follow another $30 million funding round completed in 2014. Inefficiency procedures, like manual employee record management and payroll, are a drain on businesses and their employees, and yet it continues to flourish here — one of the most forward-thinking countries on the planet.

B2B

PYMNTS

MAY 3, 2016

The executive stated that, in some cases, small businesses owners may have to scramble to meet payroll, to ensure that funds are in place for equipment purchases or to juggle invoices that really can’t wait till the end of the day and an in-person visit to the office.

Small Business

PYMNTS

FEBRUARY 14, 2018

Girish Nada, GM, UAE Mastercard adds that the Mastercard network has made this a priority, too, starting in 2014 when it launched its contactless payment rollout, which included the launch of global digital payment service Masterpass in the market. Manghat and Nada recently spoke with PYMNTS about their goals for the partnership.

Visa

PYMNTS

APRIL 27, 2016

As far back as 2014, Forbes was reporting on the move toward mobile payments, citing studies from Visa that showed Americans were twice as likely to carry a phone as cash; those between 18 and 34 are four times more likely. Businesses are actually required to deposit payroll taxes using the Electronic Federal Tax Payment System.

Economy

PYMNTS

APRIL 4, 2016

68% of B2B buyers made their purchases online in 2014 , found Accenture Interactive in a newly released research report. 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. That’s up from 57 percent in 2013.

Small Business

PYMNTS

MARCH 1, 2016

Overall, 2015 venture capital investment levels dipped compared to 2014, though only slightly compared to the fraction of investment seen just three and four years ago. It amounted to about $12.5 billion invested in the space in total, researchers said, again with the U.S. Global Breakdown. reigned supreme.

B2B

Fintech Labs Insights

SEPTEMBER 8, 2014

Taking a page from Zenefits model (free payroll services if you buy your healthcare through them), Allre will do the real estate transaction free. Working with Allre or other real estate disrupters could be an effective way to find new mortgage (and banking) customers. -- Allre homepage ( 8 Sep 2014 ) Allre transaction dashboard.

Credit Union

Fintech Labs Insights

MAY 7, 2015

Assuming it hasn’t slipped, Square still holds claim to #1 with a $6 billion valuation (October 2014). Tags: Health insurance, SMB, payroll, 401k, benefits. billion valuation puts it at the top of the worldwide fintech private company valuation list. Trizic ($3 million) a new wealth management platform provider.

FinTech

Fintech Labs Insights

DECEMBER 21, 2015

Payroll and benefits provider, Gusto (formerly ZenPayroll ), recently closed on $50 million. Gusto was founded as ZenPayroll in 2011 with a mission to make payroll delightful. ” Gusto unveiled its payroll-processing platform at FinovateSpring 2014 in San Jose.

Payroll

Fintech Labs Insights

AUGUST 6, 2015

The company updated its Tracked Inventory feature last month, announced the availability of its Payroll in Xero service in Nevada and Illinois, and partnered with Midpoint Holdings to make it easier for small businesses doing business internationally. Xero has had a busy summer.

Small Business

Fintech Labs Insights

DECEMBER 21, 2015

.” Pictured (left to right): April Rassa, Director of Product Marketing, and John Canfield, VP of Risk Management for WePay demonstrating the Veda Risk Engine/Risk API at FinovateSpring 2014. The Citi Mobile Challenge was first held in 2014, and has sinceGusto unveiled its payroll-processing platform at FinovateSpring 2014 in New York.

Online and Mobile Banking

Fintech Labs Insights

OCTOBER 19, 2021

. $1.0B: Xendit – Indonesian payments company founded in 2014. Payroll/SMB. Payroll/SMB. Full Fintech Unicorn List. Value Date. Sub-Category. 9 Sep 2021. 9 Sep 2021. Ant Technology. 2018 round. June 2021 round. 22 Sep 2021. August 2021 exit to Square. 9 Sep 2021. 9 Sep 2021. South Korea. 9 Sep 2021. New Zealand. Accounting.

FinTech