PYMNTS

OCTOBER 30, 2018

With many differing needs, though, not all tools will mitigate the complexities at hand. It’s also important that the employees themselves have access to their information — like bank account details to support direct deposit — so they can more easily be paid when re-joining a company.

Payroll

EBizCharge

SEPTEMBER 17, 2024

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.

ACH

Finovate

JUNE 27, 2024

The company helps mitigate turnover while engaging employees by allowing workers to earn one “Salt Asset” for each hour they work. The San Francisco-based digital bank announced today that it has acquired Salt Labs , an employee savings and rewards program to help companies motivate their workforces.

Acquirers

PYMNTS

JULY 17, 2020

And as the childcare sector continues to progress in its payroll digitization efforts, she noted that the industry is increasingly embracing ACH and direct deposits to pay its professionals. “Contactless payments are becoming increasingly popular because they mitigate the need for in-person interactions.”

Payroll

PYMNTS

MARCH 31, 2020

While paper checks have been the go-to tool to facilitate payroll payouts, organizations that are shifting away from the paycheck — and even direct deposit — are finding that new payment rails are enabling them to extend support to struggling employees. Payroll Rails Offer Employee Relief. Plastiq Eases Card Rail Friction.

B2B

PYMNTS

JUNE 6, 2017

One-third of the Same Day ACH transactions were B2B, and 53 percent were direct deposit, business-to-consumer payments stretching across payroll or business refunds. Some surprises in the mix, said Estep, came as “about a third of the normal, classic ACH is that direct deposit business-to-consumer payments.

Same Day ACH

PYMNTS

MARCH 9, 2016

Early Warning , a real-time payments, authentication and risk mitigation solutions provider, announced today (March 9) that Bank of America is now live in processing real-time P2P transactions through Early Warning’s clearXchange network. The tech giants in the P2P payments space are about to get competition from six top U.S.

P2P

EBizCharge

JULY 16, 2024

Under NACHA’s stewardship, the ACH network processes various payments, including direct payments for payroll, social security benefits, tax refunds, and more. It also manages direct deposits, which can encompass forms of government and business disbursements.

NACHA

Stax

JANUARY 17, 2024

The key lies in having the right PayFac solution that can effectively avoid or mitigate the impact of these challenges. ACH transactions are a form of electronic fund transfer commonly used for direct deposit, payroll, and vendor payments. To learn how Stax Connect can help, contact the team for a consultation now!

ACH

FICO

DECEMBER 20, 2022

Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. Most of that growth, according to NACHA , has come from payroll by direct deposit and consumers’ electronic bill pay.

Digital Payments

EBizCharge

MAY 8, 2024

This system enables the movement of money between bank accounts through direct deposits and payments. NACHA ensures the reliability and security of these transactions, providing a backbone for the financial industry, where millions of payments are processed daily, ranging from payroll deposits to bill payments.

ACH

EBizCharge

JULY 18, 2024

ACH is widely known for processing large credit and debit transactions, including direct deposits and bill payments. Therefore, a solid data backup strategy is essential to mitigate risks. Meanwhile, ACH is a specific network for moving funds between banks in the United States.

ACH

EBizCharge

OCTOBER 17, 2023

The most common transactions sent over ACH include electronic funds transfer (EFT), employee payroll direct deposits, and electronic bill payments. Businesses can work with reliable payment processors like EBizCharge for more seamless ACH transactions to mitigate and avoid ACH returns and ACH reversals altogether.

ACH

Segpay

MARCH 10, 2025

Look for a gateway that includes PCI compliance, fraud detection tools, chargeback mitigation strategies, and AI-driven risk analysis to protect transactions and user data. Bank Transfers Direct deposits and withdrawals from bank accounts provide an alternative for players who prefer traditional banking methods.

Payment Gateways

PYMNTS

MARCH 10, 2016

Early Warning , a real-time payments, authentication and risk mitigation solutions provider, announced Wednesday (March 9) that Bank of America is now live in processing real-time P2P transactions through Early Warning’s clearXchange network. Early Warning Boosts Big Banks’ P2P Power. Dunkin’ Donuts/Starbucks Mobile Loyalty Wars.

Online and Mobile Banking

Nanonets

MARCH 4, 2024

Offer Direct Deposit: Use direct deposit to reimburse employees, eliminating the need for physical checks and speeding up the process. Schedule Regular Reimbursement Cycles: Establish a regular schedule for reimbursements (e.g., bi-weekly, monthly) and stick to it.

Process

Nanonets

JUNE 29, 2023

It caters to medium-large companies across various industries, providing them with the tools to optimize supply chains, improve efficiency, capture savings, and mitigate risks. Direct Deposit: Rippling supports direct deposit functionality, allowing businesses to automate payroll payments directly into employees' bank accounts.

Payment APIs and Integration

PYMNTS

APRIL 16, 2020

The new Get My Payment tool launched on Wednesday (April 15) by the IRS and the Treasury Department is supposed to let people know when they can expect their stimulus check or direct deposit, or allow them to enter direct deposit information so they can get their money faster. . The funds are part of the $2.2

IRS

PYMNTS

APRIL 15, 2020

But it will allow taxpayers to provide their bank account information so they can receive it by direct deposit. The stimulus money is intended to help mitigate the economic damage from the ongoing coronavirus pandemic. The IRS said the service is unavailable for residents expecting paper checks.

IRS

PYMNTS

JANUARY 10, 2019

Last week, some banks announced different actions to mitigate the financial impact. For instance, JPMorgan Chase has waived all fees on checking accounts, including overdraft charges, for customers who no longer receive a government check directly deposited into their bank account.

FDIC