PYMNTS

MARCH 31, 2020

No one payment rail can solve every point of friction in B2B payments. 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. Plastiq Eases Card Rail Friction.

B2B

PYMNTS

SEPTEMBER 16, 2019

government is updating its payroll systems and has picked payroll partners to support the modernization process. The GSA noted that NewPay aims to overhaul existing legacy payroll systems to improve efficiency and security using Software-as-a-Service. In an announcement on Thursday (Sept. 12), the U.S.

payroll

PYMNTS

SEPTEMBER 30, 2020

Within functions like human resources and payroll, digitization can empower public sector entities with employee data for more efficient talent management. To foster this environment, entities can guide their technological investments and modernization initiatives in payroll and HR to support employee needs.

payroll

PYMNTS

JULY 30, 2020

Companies and workers alike are searching for payroll solutions that are faster and more flexible, especially during this time of economic uncertainty. Around The Changing Payroll Landscape. One town government in Nova Scotia is currently conducting a pilot of the four-day work week, for example.

payroll

PYMNTS

NOVEMBER 17, 2020

Today in B2B payments, American Express enhances its early B2B payment solution, and payroll provider Paylocity strikes an acquisition deal. American Express Enhances Early Pay To Ease B2B Supply Chain Payments. That aims to boost their risk management and contract governance, transformation and remedial activities.

B2B

PYMNTS

NOVEMBER 19, 2020

Yet it’s undeniable that eight months of COVID-19 have sped up the process, as payments of all kinds – consumer , B2B, government, payroll , healthcare and more – are increasingly ditching the paper in favor of digital. Data: $30T : Value of B2B payments made via check each year.

B2B

PYMNTS

AUGUST 13, 2019

Amid the growing list of cybersecurity concerns businesses must keep on top of, payroll is a growing target for attackers both inside and outside the enterprise. The latest cases of payroll-related cyber incidents reveal the vulnerabilities of the financial process of compensating employees.

payroll

PYMNTS

MAY 22, 2020

real-time payments void has hurt commerce, too, as PYMNTS research finds that close to 39 percent of small to mid-sized businesses (SMBs) have reduced payrolls to help relieve cash flow stress, and nearly 30 percent simply went under. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S. The Fed’s Failure.

B2B

PYMNTS

FEBRUARY 27, 2020

Businesses and governments want the speed and convenience of issuing and accepting digital payments, but, at the same time, they cannot afford to alienate cash-dependent consumers. Redesigning Payroll For The Fast-Paced, On-The-Go Lives Of Gen Z. Deep Dive: The Staffing Agency Case For Payroll Cards.

payroll

PYMNTS

FEBRUARY 14, 2019

Federal Government is gearing up to overhaul and upgrade its payroll technology thanks to a $20.7 Reports in GCN this week said the government has announced funding for the payroll project that will upgrade the way an estimated 800,000 federal employees are paid. the publication said.

payroll

PYMNTS

APRIL 10, 2020

The built-in leave standards for emergency FMLA and emergency paid sick leave ensure that companies are monitoring leave requests that meet FFCRA standards and will be ready to receive refunds through a government tax credit. GoCo is also offering educational materials to assist HR professionals in making sense of the new standards.

payroll

PYMNTS

MARCH 30, 2018

When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. The vast majority of that volume and value, however, was in the form of business-to-consumer payments, while B2B transactions accounted for just 6 percent of this activity. That’s where the payroll card comes in, she said.

payroll

PYMNTS

FEBRUARY 13, 2020

11), Visa executives laid out a roadmap to displacing cash and checks across the global stage, digitizing payments through click to pay, tap to pay, digital wallets and cross-border flows – along with capturing a sizable slice of B2B spend, too. B2B Potential. At its investor day presentation Tuesday (Feb.

B2B

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. B2B Drives ACH Volume Up. and abroad.

B2B

PYMNTS

SEPTEMBER 10, 2019

The B2B payments discussion often centers around innovators’ efforts to kill the check. There is no straight line to killing the check, but in the path to B2B payments innovation, a plethora of possibilities emerges. B2B Payments’ Innovation Agenda. According to Phalen, that includes speed, transparency and global scale.

B2B

PYMNTS

FEBRUARY 4, 2020

That’s B2B Connect.”. “If Then, you also have a bunch of third-party services and bank models that supply those types of payments on behalf of [businesses, consumers] and governments. “High-value payments are going to be the supplier management systems between big companies and middle-market companies.

B2B

PYMNTS

JANUARY 7, 2020

Tribe Payments has announced that its new Bankbox service, which allows for direct integration into payment rails for payroll and accounts payable (AP), has been completely implemented by bulk payment company Telleroo, according to reports. The processes can be set in advance to ensure that payments are sent in time.

payroll

PYMNTS

MARCH 5, 2020

based firm known for HR and payroll software, according to a press release. Both of those acquisitions, the release states, will allow Access Group to support businesses of any size with needs for HR and payroll-related issues. It covers people management, payroll, workforce management, recruitment, talent management and more.

payroll

PYMNTS

JANUARY 6, 2017

In the biggest funding round of the week for B2B FinTech, HR and payroll company Namely secured $50 million in venture capital funding. That, said Namely, is a reflection of how demands for payroll technology are changing across the mid-market. But it’s not the only B2B FinTech firm that secured new investments.

payroll

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift.

accounts payable

PYMNTS

DECEMBER 26, 2019

A string of underpayment cases that have emerged across Australia in recent months is raising concerns over corporates’ reliance on automated payroll and accounting platforms, the Sydney Morning Herald reported Thursday (Dec. What I’ve seen is a high level of trust in payroll solutions that thinks they will fix the problems,” added Renshaw.

payroll

PYMNTS

JANUARY 20, 2017

The environment for the adoption of prepaid cards in a payroll setting is a mixed one. A Visa study has found that as many as 86 percent of employees would in fact prefer to be paid with a payroll card than they would a paper-based check. On the one hand, employees and employers see a streamlining of process and tracking.

payroll

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. The year 2020 began inconspicuously — but in a few short weeks, everything changed.

B2B

PYMNTS

OCTOBER 6, 2017

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.

payroll

PYMNTS

NOVEMBER 2, 2018

In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. “Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH network provides.”. percent increase; business-to-business (B2B) transactions totaled 896 million, up 9.6

B2B

PYMNTS

SEPTEMBER 17, 2018

Paper checks have long been used in the B2B industry, serving as one of the few ubiquitous payment methods in an otherwise highly fragmented market. Perhaps unsurprisingly, a large portion of companies expect their B2B payments to go digital. Now, many businesses are looking to change that. As much as 35.4 As much as 35.4

B2B

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

DECEMBER 29, 2020

Delivering rapid payroll could help employers stand out from the pack when recruiting temporary workers, said Steve Ledford , senior vice president of products and strategy at United States payments company and banking association The Clearing House (TCH), during a PYMNTS interview. Around the World Of Real-Time Payments.

payroll

PYMNTS

OCTOBER 1, 2018

As it turns out, in Europe, late payments in the B2B space seem to be a continent-wide problem. In a wide-ranging survey of B2B activity in Eastern Europe, trade credit insurer Atradius reported that payment delays tied to insufficient funds have been on the rise in the region, up 10 percent over last year. percent the year before.

B2B

PYMNTS

MARCH 23, 2020

Corporates and government officials have recently been sounding the alarm about coronavirus-related scams, and according to experts , the threat is likely to rise. Six years of alleged fraud saw one payroll firm accused of stealing millions of dollars , according to The Philadelphia Inquirer. Payroll Professionals Inc.

payroll

PYMNTS

JUNE 27, 2017

A new survey released by accounting, payroll and payment company Sage finds Canadian SMEs are largely unaware of government initiatives that could help their businesses. But businesses have a different outlook when it comes to government regulations.

Government

PYMNTS

FEBRUARY 23, 2017

A board of appeals in New York state has revoked earlier regulations surrounding payroll cards developed by the New York State Labor Department after determining that the NYSDOL exceeded its rulemaking authority under the New York State Commissioner. Reports in the National Law Review Tuesday (Feb. The topic generated debate in the state.

payroll

PYMNTS

MARCH 2, 2018

Canada has spent CAD $1 billion (about $780 million) on a government payroll solution operated by IBM, but reports in Bloomberg on Thursday (March 1) said officials are nixing the project. Reports added that federal agencies were overwhelmed by requests to fix payroll errors. Bloomberg said Oracle declined to comment.

payroll

PYMNTS

JANUARY 12, 2017

As payroll joins the high-tech stratosphere populated by other business processes, corporations are beginning to shift their approaches to this area. Analysis from Bloomberg BNA in its “ 2017 Outlook — International Payroll ” report released just before the new year suggests data protection has become a paramount concern for payroll managers.

payroll

PYMNTS

JUNE 3, 2016

the debate continues over the payroll card and whether it’s a tool to provide key resources for underbanked employees or one that unfairly burdens them with fees. At present, electronic government payments account for about 2 percent of the overall consumer spending market in the country, he said. In the U.S., ” .

payroll

PYMNTS

MARCH 13, 2018

It’s why, O’Connell posited, that Uphold has seen crypto become so big in Latin America and Asia Pacific: Workers want to be paid, want to be able to access their funds and want to be able to move their funds right now – and their governments aren’t doing that for them. The Wider World of Application.

payroll

PYMNTS

APRIL 12, 2018

The company provides its customers with legal payroll services to link them to the financial services space. We’ve partnered with institutions that can move money legally for payroll.”. Being able to move money is an issue with cannabis,” said Keegan Peterson, founder and CEO of the company. “A

Legal