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Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

PYMNTS

He said that includes the addition of direct deposit, an increase in businesses taking payments through the platform and the planned launch of a Venmo card later this year. And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In

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The Prepaid Card Carves A Niche In The B2B Payments Ecosystem

PYMNTS

based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools. Speaking with PYMNTS, Managing Director of North America Kieran Draper said employee expense management and contractor payouts have become a valuable niche for the corporate prepaid card. Streamlining Employee Spend.

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Deep Dive: The Risk-Reducing Case For Push Payments

PYMNTS

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . A top goal among payments solutions providers is to make these problems as infrequent as possible — and to do so, many are turning to push payments. . The scenario is reversed for push payments.

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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. The demand for faster payments is ringing louder than ever during the economic downturn.

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How ACH Innovation Ushers In A New Normal For Payroll

PYMNTS

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. workforce doesn’t look like it used to. It’s also opened up conversations about how professionals get paid.

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Understanding the Maximum ACH Transfer Limit

EBizCharge

ACH transfers are managed by the National Automated Clearing House Association (NACHA) , which ensures a safe and efficient way to make various financial transactions, including direct deposits, direct payments, tax payments, and other business payments without the need for physical or cash.

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The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption

Tearsheet

Workers have the option to receive EWA funds at no cost within 1-3 days via ACH, or they can opt to have their direct deposit sent to a reloadable Visa debit card, named Friday by DailyPay. Alternatively, DailyPay charges a fee if employees choose to instantly send EWA wages to a card or account.