PYMNTS

MAY 12, 2020

The massive and simultaneous global shift to digital has put a spotlight on traditional supply chains, antiquated paper-based processes and an aging payments infrastructure. A long-established global leader in human capital management (HCM), Ceridian launched its latest payroll innovation, Dayforce Wallet , this week.

Payroll

PYMNTS

SEPTEMBER 15, 2020

15) announced the launch of two new features the company says will make payroll easier for employers and employees alike. Instant Payments allows Square Payroll customers to fund their payroll using the money in their Square Balance, where sales they process via Square are stored. Square Inc. NYSE:SQ) on Tuesday (Sept.

Payroll

PYMNTS

NOVEMBER 14, 2018

The payroll industry — and its biweekly or monthly pay schedule — hasn’t changed in decades. However, as awareness grows about the dangers of predatory payday lenders and the costs of bank overdrafts, employees demand better alternatives. However, that stigma is finally shifting, especially when it comes to on-demand wage access.

On-Demand

PYMNTS

NOVEMBER 25, 2020

Consumers’ growing familiarity with P2P apps and the pandemic’s effects on business operations are also rubbing off on companies, prompting many to reexamine the use of real-time payment solutions. For more information on these stories and other real-time payments headlines, read the Tracker’s News and Trends.

Payroll

PYMNTS

NOVEMBER 14, 2019

Such is a standard that is making its way to the payroll space. 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. Faster Payments Shift the Landscape.

Payroll

PYMNTS

AUGUST 3, 2020

Some accounts say Roman soldiers were periodically paid for their labors in salt, and while compensation methods have evolved considerably since then, the concept of lump periodic payments has endured. Various compensation alternatives have recently emerged that are more aligned with workers’ on-demand expectations.

On-Demand

PYMNTS

JANUARY 21, 2020

The payroll has not seen much disruption since the introduction of direct deposit to accelerate workers’ access to earned wages. With data automation and faster payments, technology is now at a point where professionals no longer have to wait for a paycheck once or twice a month.

Payroll

PYMNTS

FEBRUARY 3, 2020

In a financial function like payroll, the opportunities to unlock data are vast, said Hitendra Patil, director of practice development, and Harvinder Vasir, chief technology officer at accounting technology solution provider AccountantsWorld. Unlocking Data, Unlocking Opportunities. Unlocking Data, Unlocking Opportunities.

Payroll

PYMNTS

JULY 27, 2020

Banks missed out on the first big wave of digital payments, but they don’t have to miss out on the next, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation. The entire [digital payments] industry ends up being created outside the banks on products that should have been developed by them,” Edwards said.

On-Demand

PYMNTS

SEPTEMBER 8, 2020

So, it should come as no surprise that some financial services workers are also struggling to pay the bills and could benefit from accessing wages as they are earned through an on-demand model. It’s well known that individuals must pay bank and auto loans, utility and credit card payments in a timely manner or risk facing penalties.

On-Demand

PYMNTS

MARCH 18, 2019

Take two announcements from just last week, related to the evolution of faster payments in the U.S. First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Then came PayPal’s debut of Instant Transfer to Bank.

Faster Payments

PYMNTS

APRIL 10, 2019

Faster payments are starting to become a mainstream concept for gig workers, with 53.5 Access to these types of payments isn’t limited to just the gig economy, though. . On-demand earnings offer workers a financial lifeline should they be blindsided by unexpected expenses. Aligning payroll with expectations .

On-Demand

PYMNTS

NOVEMBER 26, 2020

The traditional payroll cycle has been entrenched for employees and employers for decades, running on familiar rails and with well-known frictions. Sticking with established weekly or biweekly payroll schedules is out of the question for many entities that are now seeking alternative ways to manage these processes.

Payroll

PYMNTS

APRIL 22, 2019

Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation. “Our [payment] systems are looking at 24/7/365 solutions.

Faster Payments

PYMNTS

FEBRUARY 4, 2019

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 Numerous payments schemes have rolled out since the U.K. launched its own Faster Payments Service in 2008. Demand for these services is high. billion in 2018 to $26.9 billion by 2023 — a CAGR of 30.9

Faster Payments

PYMNTS

OCTOBER 30, 2020

The demand for faster payments is ringing louder than ever during the economic downturn. Businesses need to maintain smooth revenue streams and are working hard to avoid being hit with painful late client payments or delayed access to their earnings while also ensuring their workers are paid promptly.

Faster Payments

PYMNTS

OCTOBER 30, 2018

Payroll is not a one-size-fits-all function of the enterprise. As payroll technology evolves, companies have more options when it comes to improving this financial function. ” In today’s market, gig work is a booming space that’s challenging the status quo of payroll. As much as one third of the U.S.

Payroll

PYMNTS

NOVEMBER 27, 2019

Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction. Faster and real-time payments can be instrumental in getting funds to where they need to be on time, he noted.

ISO 20022

PYMNTS

FEBRUARY 21, 2017

As for the Same Day ACH initiative launched late last year, the executive noted that employers can complete critical deposits, such as payroll, done without errors or delays. All too often, said Brantner, payroll issues cause employers to scurry frantically to facilitate payments, and employees are unable to pay bills or buy groceries.

Faster Payments

Payments Source

JUNE 5, 2019

On-demand wage delivery has caught on in other industries. Banks have taken notice.

Payroll

PYMNTS

OCTOBER 29, 2020

They face an array of options to help them with their acceleration efforts, with some choosing to start delivering payroll via push-to-card offerings or directly into workers’ digital wallets, for example. Businesses also demand quicker payments from their corporate clients. Inside Businesses’ Faster Payments Selections.

Faster Payments

PYMNTS

MARCH 29, 2019

Demand for instant and peer-to-peer (P2P) payments is heating up, and financial institutions (FIs) are seeking to cater to that need, knowing that if they don’t, their customers are likely to turn elsewhere. Around the Faster Payments World. Dee p Dive: How RTP Has Changed the Bill Payments Game. In the U.S.,

Faster Payments

PYMNTS

AUGUST 24, 2016

From Same Day ACH to paycard controversies , a few recent news stories have placed payroll in center stage. New research from payments technology firm Hyperwallet is placing data behind the need for employers to come through on payday. ” The demand for faster paychecks is evident, especially when considering employee cash flow.

Faster Payments

PYMNTS

JANUARY 10, 2019

From tax refunds and government assistance to payments made for home service and housekeeping professionals, faster payout solutions appear to be gaining popularity — all around the world. faster payout solutions could soon find a home on the nation’s digital classified ad sites. In the U.K., Around The World Of Disbursements.

On-Demand

PYMNTS

SEPTEMBER 2, 2016

Not only are Same Day ACH payments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. Same Day ACH really serves as an immediate solution to support the demands of consumers and businesses that simply want to move money faster,” she explained.

Faster Payments

PYMNTS

MARCH 1, 2019

Now, demand for faster payments options is taking off worldwide. It’s not just direct participants who are taking advantage of these payments schemes — financial services providers such as Fiserv are also working to extend access by offering FIs real-time payments connectivity and processing solutions.

Faster Payments

PYMNTS

MARCH 31, 2020

This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. Payroll Rails Offer Employee Relief. Faster Payments Council Names New Leadership. Plastiq Eases Card Rail Friction.

B2B

PYMNTS

NOVEMBER 3, 2020

Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

Real Time Payments

PYMNTS

MARCH 21, 2018

Globalization, while supporting business growth, places new pressures and challenges on the payroll department — particularly when it comes to compliance and the need to manage regulations that continue to evolve both within and across borders. But not all payroll executives are up for the challenge. Not for Lack of Effort.

Payroll

PYMNTS

MARCH 2, 2020

Employers that cannot quickly adjust their staffing levels to meet customer demand fluctuations and workers’ life shifts may find themselves in a bind. These businesses do not always have the time or resources to find and hire temporary workers, add them to payroll, and remove them a few weeks later. Employees’ Payroll Card Opinions.

Payroll

PYMNTS

JUNE 26, 2020

This presents myriad challenges to payroll issuers that range from compensating employees who may no longer have access to timesheet filing systems to complying with the requirements of government aid programs such as the Paycheck Protection Program (PPP). On-demand payment options may take on special urgency for such workers.

Payroll

PYMNTS

DECEMBER 9, 2020

The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. Faster payments schemes also number more than 50 and counting. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis.

Use Case

PYMNTS

OCTOBER 2, 2018

As faster payment schemes emerge and expand, financial institutions (FIs) and businesses uncertain about real-time payments need to know what the developments mean for them — and how they should respond. Around The Faster Payments World.

Payroll

PYMNTS

OCTOBER 10, 2019

With virtual assistant technology pressing deeper in corporate finance, bots and artificial intelligence (AI)-powered tools deploying natural language processing are popping up from logistics management to accounting — and payroll is no exception. Technology For The Payroll Department.

Payroll

BitPay

APRIL 25, 2023

As the digital assets landscape evolves, companies of all sizes are integrating cryptocurrency into their business models to make key processes like employee payroll faster, cheaper and more efficient. Integrating a crypto payroll solution doesn’t have to be disruptive; it’s meant to enhance your current process, not replace it.

Payroll

PYMNTS

JULY 23, 2020

In recent years, the gig economy has underscored the importance of disrupting traditional payroll norms. Dayforce Wallet is unique in that it provides real-time pay, based on earned wages, not an approximation of earnings like other on-demand pay solutions. They still fund their payroll exactly the same way they did before.”.

Payroll

PYMNTS

DECEMBER 20, 2017

So, if paychecks are confusing for employees, consider how much more complex they may seem to a small business (SMB) owner who has spent his or her entire professional life on the receiving end of payroll. Payroll itself is a pain point” for small businesses, he recently told PYMNTS. You have to figure it out on the fly. In the U.S.

Real Time Payments