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SUNRATE , the global payment and treasurymanagement platform, today announced the launch of its maritime payments solution, aimed at empowering shipping companies and their key stakeholders at Sea Asia 2025.
Experts warn some companies could be missing a huge area prone to data hacks: payroll. Last week, Baer reported on the American Payroll Association’s Fall Forum, which focused heavily on payroll security. Payroll departments should adhere to these rules too, according to reports from Bloomberg BNA.
The treasurymanagement unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. PNC TreasuryManagement joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions.
It also offers services and products to businesses such as accounts, expense cards, and payroll. The companys platform provides cross-border payments and financial services to businesses through a proprietary banking network and its application programming interface (API). The company is currently valued at US$5.5
For instance, a payroll platform no longer just handles payslips. A treasurymanagement SaaS doesnt only reconcile cash, it connects to foreign exchange hedging, liquidity planning, and yield optimisation. They aim to reduce switching costs and eliminate the friction of fragmented systems.
Nium A payments and card issuance platform specialising in real-time payments, global payroll, and embedded FX services. Companies dealing with digital assets, whether for treasurymanagement, payments, or custody, need robust and compliant solutions. Best for : Small businesses needing affordable, simple financial management.
Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. In a statement, First Horizon noted that the service addresses the growing demand for accelerated payments across a range of use cases, including payroll and commission payouts.
The messaging standard’s proponents assert that businesses can analyze this data to improve customer interactions and add functionalities, such as transmitting links to paystubs alongside payroll disbursements. This would enable recipients to see detailed payroll information when viewing their personal bank account balances.
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. Companies are working to accelerate their payroll and B2B transactions, but there is no single solution that fits all firms’ needs.
For instance, a payroll platform no longer just handles payslips. A treasurymanagement SaaS doesnt only reconcile cash, it connects to foreign exchange hedging, liquidity planning, and yield optimisation. They aim to reduce switching costs and eliminate the friction of fragmented systems.
To examine how businesses weigh factors like cash flow reporting and ease of adoption to arrive at their decisions, PYMNTS caught up with Adam Carter , vice president of global treasurymanagement, faster payments at U.S. Accelerating Payroll. Bank , and Sara Cichoski, vice president of eEnterprise money movement at U.S.
Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasurymanagement; and infrastructure expert Domenico Scaffidi of Volante Technologies.
PNC TreasuryManagement is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. In a press release Friday (Oct. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.
Corporates, too, are beginning to explore opportunities in real-time transactions in areas like payroll and intra-company payments. The acceleration of the movement of money is likely to have significant implications for how organizations of all kinds – particularly banks and financial institutions (FIs) manage liquidity.
According to a report in CNBC , the Philadelphia City Council voted Monday (May 1) to switch the company that handles its $2 billion payroll account from Wells Fargo to Citizens Bank for its next fiscal year, which begins in July. Wells Fargo will maintain its role as a depository bank for the city of Philadelphia, noted the report.
The digitized journey for Citi’s clients starts even before onboarding, through identifying specific needs such as making payroll payments, forecasting cash flow or managing supply chains (and, by extension, supply chain finance). Now, said Bose, “even the tiniest bit of analog” can disrupt operations. The Journey.
PYMNTS also spoke to Tom Skraby, vice president of finance for Borrego Solar Systems, and Kathryn Giliberto, the company’s senior treasurymanager, about how payment cards help their installation specialists.
PNC TreasuryManagement has rolled out a new solution for corporates to initiate payments to consumers, and is wielding the debit card to facilitate it. In its announcement, PNC highlighted payroll as a key use case for the solutions. This is especially critical during these times of uncertainty.".
Some industry experts are beginning to challenge that notion, though, particularly when it comes to internal cash flows and treasurymanagement processes. Still, others have said that B2B payments should be largely left out of the faster payments conversation.
the data shows, and most are written by corporates, lenders and other enterprises via supplier payments, payroll, expenses and other types of transactions. Superior Press , a treasurymanagement solution provider for commercial banks, is acting on that need. Twenty-two billion are issued in the U.S.,
We solve this problem and bring our customers an intelligent financial management solution that stops unauthorized spending before it happens. We’re excited to bring new products to market that continue to set the standard for modern business banking and treasurymanagement.”. CashShield. Beyond U.S.
On-demand payroll is also emerging as a top use case for Mastercard Send, according to Shari Krikorian, senior vice president at Mastercard Worldwide. “On-demand On-demand payroll is big,” Krikorian told PYMNTS. “It It reflects where the world is going in terms of freelance workers and 1099 workers.”.
To support their need for more sophisticated SaaS solutions, Sapho provides micro-apps to integrate with existing software packages, including sales, accounting, payroll and HR. TreasuryManagement. On Wednesday (June 15), the firm revealed a $9.5 million Series A funding round led by Alsop Louie Partners.
In a recent interview with PYMNTS, Skraby and Kathryn Giliberto, Borrego’s senior treasurymanager, discussed how payment cards help the firm stay focused on energy installations rather than employee reimbursements. “The [contractors] don’t have the [funds] to front the money,” Skraby said.
Airbase Airbase is a spend management platform that combines corporate cards, expense management, and accounts payable automation into a single, integrated solution. Focusing on mid-market companies, Airbase aims to provide a comprehensive platform for managing all non-payroll spending. Who is Rho a good fit for?
A perennial favorite with one of the top accounting platform name brands, QuickBooks offers a range of business sizes and industries access to bookkeeping and accounting solutions ranging from basic 3-way matching, for example, to complex ones like payrollmanagement.
At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios. Faster payments have an uncertain future in B2B transactions.
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