EBizCharge

SEPTEMBER 18, 2024

ACH payments offer a secure, reliable, and cost-effective way to transfer funds for payroll, recurring bill payments, direct deposits, and other routine transactions. These transactions are processed in batches, making them more efficient and less costly than wire transfers or card payments.

ACH 52

ACH IAT ACH Network Direct Deposit 52

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. TrueLayer, ANNA Money Embrace Payments Initiation. In the U.K.,

B2B 77

B2B Payroll Payments Cross-Border Payments 77

PYMNTS

AUGUST 24, 2016

workers surveyed receive funds from their paychecks in less than a day, with the majority of employees (81 percent) getting paid via direct deposit. With so many workers getting paid via direct deposit, Same Day ACH and other faster payments initiatives could theoretically lead to improvements in corporate payroll strategy.

Faster Payments 42

Faster Payments Same Day ACH Payroll On-Demand 42

PYMNTS

NOVEMBER 14, 2019

Employees want to be paid on time, accurately, and without any additional administrative burden, requirements that have made direct deposits and other electronic payroll methods popular choices over the paper payroll check. Such is a standard that is making its way to the payroll space.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50

PYMNTS

DECEMBER 20, 2017

ACH has become instrumental in streamlining that movement of money via direct deposit, but, according to Rao, employees and their employers want ACH to go further. It’s out of our control, so we cannot wait for real-time payments to come into effect in the U.S. Payroll is a combination of math and moving money,” the CEO noted.

Real Time Payments 44

Real Time Payments Payroll Small Business ACH 44

PYMNTS

SEPTEMBER 18, 2020

Workers and contractors who’ve elected to be paid via the Square Cash App will receive their money within minutes, while those paid via direct deposit will get their pay as soon as the next business day. For example, he’s seeing banks launch more real-time payment initiatives.

Instant Payments 52

Instant Payments Payments Payroll BNPL 52

M2P Fintech

MARCH 28, 2024

eCheck eChecks are digital versions of physical checks, offering a secure and convenient method of payment initiated online through the user’s bank account. Payroll Card A payroll card is a reloadable prepaid card employers use to pay employees instead of checks or direct deposits.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59