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 53

payroll B2B Legal Account 53

PYMNTS

JULY 8, 2019

In a move that extends payroll card portfolios to serve small and medium-sized businesses (SMBs), global business payments company FLEETCOR Technologies, Inc. has acquired payroll card provider SOLE Financial. In addition, SOLE has built an extensive ‘referral network’ among payroll processors and PEO firms, that we hope to extend.”.

payroll 55

payroll Technology Legal B2B 55

PYMNTS

APRIL 22, 2020

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. The payroll status quo has created cash flow challenges for many employees, particularly the estimated 60 percent of U.S.

payroll 62

payroll Finance Legal Technology 62

PYMNTS

OCTOBER 8, 2018

Malaysia-based MyEG Services is rolling out a new payroll solution developed on blockchain technology. 5) said MyEG is rolling out “PayMe” software, a tool allowing employers to manage payroll functions, like overtime, more accurately. Payroll is one of the many potential use cases for blockchain technology.

payroll 51

payroll Legal Technology B2B 51

PYMNTS

JULY 24, 2018

New York’s years-long payroll card regulation saga took an unexpected turn recently when the New York State Supreme Court annulled a previous appellate court ruling, reviving efforts to introduce stricter payroll card rules. Employers would also have to receive consent from their workers to receive wages via payroll card.

payroll 40

payroll New York Alabama Georgia 40

PYMNTS

DECEMBER 20, 2019

Payroll and insurance are two areas in which technology startups have brought disruption to the fold, but challenges in these markets are rarely tackled simultaneously. Each month, businesses must report payroll data to workers’ comp insurance carriers in order to accurately calculate premiums and make insurance payments.

payroll 52

payroll Construction audit Technology 52

PYMNTS

SEPTEMBER 9, 2020

Our goal is to enable companies to hire the best talent wherever they are, without having to worry about legal and financial complexities, creating a truly global workforce.”. “We’re challenging the notion that companies need to hire within their vicinity,” Deel Co-founder and CEO Alex Bouaziz said in the post.

payroll 56

payroll Technology Legal Start-ups 56

PYMNTS

JANUARY 8, 2020

International hiring inevitably brings new complications to payroll, though, as businesses are challenged to manage the different languages, currencies and regulations of their global workforces. Traditionally, a business will establish a legal entity in a new market to hire employees, and obtain a local bank account to pay them.

payroll 40

payroll Legal Account accountant 40

CPA Practice

FEBRUARY 1, 2024

The primary focus for small business owners in 2024 is generating more revenue, with many small businesses wanting to add to their payrolls. 2: Help Them Add to Their Payrolls In 2024, 71% of small business owners say they want to hire workers.

E-commerce 64

E-commerce quickbooks tax return payroll 64

PYMNTS

MARCH 7, 2018

based B2B FinTech, has raised $40 million in venture capital, according to TechCrunch reports on Tuesday (March 6). The company offers an all-in-one suite of human resources solutions, including payroll and employee management. Justworks , a U.S.-based

payroll 40

payroll Legal small business accounting B2B 40

PYMNTS

APRIL 24, 2018

A temp employee placed by staffing agency Balance Staffing to work for Tesla has reportedly filed a lawsuit, alleging Balance Staffing pressured workers to receive debit payroll cards instead of paychecks and claiming Tesla employees aren’t receiving overtime compensation or work breaks.

payroll 46

payroll California Manufacturing Legal 46

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. Edenred Grows Payroll Card Presence. Below, PYMNTS examines the latest in commercial card innovation, regulation and disruption.

payroll 52

payroll B2B New York Legal 52

PYMNTS

OCTOBER 27, 2016

An appeals court has upheld a lower court’s ruling that found the owners of 16 McDonald’s restaurant locations in Pennsylvania in violation of state law through their use of payroll cards for employee compensation. Since the case first began, other defendants have joined, including payroll card issuers, like JPMorgan Chase.

payroll 55

payroll Pennsylvania Connecticut New York 55

PYMNTS

OCTOBER 26, 2017

McDonald’s franchise owners in Pennsylvania have settled a lawsuit filed in 2015 over their use of payroll cards, news reports on Wednesday (Oct. Employees were forced to pay fees whenever they went to an ATM to withdraw funds from their payroll cards, as well as when they made online bill payments. and JPMorgan Chase Bank N.A.,

payroll 46

payroll Pennsylvania New York Legal 46

PYMNTS

DECEMBER 15, 2017

The publication noted that while cyrptocurrency companies have been using bitcoin for payroll for some time, the move by GMO Internet Group suggests mainstream, traditional companies are starting to follow suit. Bitwage , for instance, is a company that provides payroll solutions for businesses to issue wages in bitcoin.

payroll 46

payroll Legal Start-ups B2B 46

PYMNTS

MAY 18, 2017

In the latest development in New York state’s debate over payroll card regulation, Department of Labor has reportedly appealed an earlier decision that invalidated and revoked earlier regulations on payroll cards issued by the Department. The regulations, it continued, overlapped bank regulations on payroll card fees.

New York 40

New York payroll Legal Government 40

PYMNTS

SEPTEMBER 5, 2017

The legislation most watched by SMBs, Paychex found, ranges from payroll card rules to paid leave laws and healthcare reform. The source of those charges ranges from legal counseling to new training for HR and payroll employees to broader employee communication initiatives. at any given time,” she recently told PYMNTS. “The

payroll 47

payroll Legal Healthcare Government 47

PYMNTS

SEPTEMBER 30, 2016

Weeks after New York state introduced new legislation aimed at protecting employees from excessive fees while using their payroll cards, a neighboring state is gearing up for its own laws targeted at the tool. 28) said Connecticut is preparing for a new statute to legalize payroll cards. Reports on Wednesday (Sept.

Connecticut 46

Connecticut payroll New York Legal 46

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. In the U.S. In the U.S. and Canada.”.

payroll 44

payroll quickbooks accounting and finance Finance 44

PYMNTS

JULY 31, 2018

Payroll cards are an important vehicle to ensure that employees — particularly those who are underbanked and unbanked — are able to efficiently receive their wages. Yet, the tool has also earned a controversial reputation, thanks to legal disputes and regulatory concerns over high fees that can come with certain payroll card products.

payroll 41

payroll accounting and finance Education Legal 41

PYMNTS

JUNE 1, 2018

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. These are heady times for the gig economy, independent contractors and the legal and payment issues attached to those areas. In fact, 30 percent of U.S.

quickbooks 40

quickbooks B2B accounting software payroll 40

PYMNTS

FEBRUARY 6, 2019

The issue mirrors the debate over payroll card fees, and raises new concerns over fees linked to card products for businesses, including interchange fees. Analysis in 2015 from the National Consumer Law Center (NCLC) found that employees in Missouri and Kansas were hit hardest by payroll card fees imposed by issuers.

payroll 66

payroll Kansas Missouri Pennsylvania 66

PYMNTS

APRIL 6, 2020

BoA had no legal authority under the CARES Act to deny access, restrict or otherwise impede the access of small businesses to these critically important business-saving funds nor did BoA have the legal right or justification to make certain classes of small businesses go to the back of the line or be selectively denied access to the line at all.”.

payroll 95

payroll Legal Government Account 95

PYMNTS

JULY 6, 2020

This week’s look at the latest cases of B2B fraud finds a surge of business email compromise (BEC) attacks, as well as emerging trends in fraud related to government coronavirus relief efforts. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K. .

accounts payable 59

accounts payable Missouri payroll Real Estate 59

PYMNTS

SEPTEMBER 25, 2019

This bipartisan bill addresses a pressing public safety issue for businesses that legally grow, market or sell cannabis in states that have legalized its use and that are currently forced to operate with cash only. have legalized some form of marijuana, and it is time for Congress to act,” she said.

Ohio 94

Ohio Colorado Legal Washington 94

PYMNTS

NOVEMBER 19, 2019

The compliance burden of a legal marijuana business having to manage regulations that vary by state, and between the state and federal level, has created a banking conundrum for a market forced to rely heavily on cash. The compliance challenges of the legal marijuana sector may be unique, as is their struggle to access banking services.

Legal 43

Legal accounting and finance accounts payable payroll 43

PYMNTS

OCTOBER 3, 2019

The state of New York is taking a closer look at the payroll technology industry amid the fallout from the collapse and scandal of MyPayrollHR , The Wall Street Journal reported Thursday (Oct. The state is also reportedly considering whether payroll processors should be required to obtain a license to operate as a money transmitter.

New York 46

New York payroll Legal Technology 46

PYMNTS

OCTOBER 3, 2019

The state of New York is taking a closer look at the payroll technology industry amid the fallout from the collapse and scandal of MyPayrollHR , The Wall Street Journal reported Thursday (Oct. The state is also reportedly considering whether payroll processors should be required to obtain a license to operate as a money transmitter.

New York 46

New York payroll Legal Technology 46

PYMNTS

OCTOBER 6, 2017

In this week’s B2B venture capital breakdown, alternative lending for small- and medium-sized businesses (and their employees) is the clear winner. Here’s an interesting alternative lender to land on the B2B investment board. million by Legal & General, while Blenheim Chalcot also participated, according to reports.

accounting and finance 61

accounting and finance B2B Finance payroll 61

PYMNTS

MARCH 31, 2020

That comes after a March 27 decision by Congress to pass the CARES (Coronavirus Aid, Relief, and Economic Security) Act, which includes a provision for financial aid for SMBs that keep employees on payroll during the crisis. Then, SmartLenders works to automatically collect the required documents, complete underwriting and close the loans.

payroll 52

payroll Legal Start-ups Finance 52

PYMNTS

DECEMBER 3, 2018

The company partners with payroll service providers to distribute workers’ compensation, targeting small businesses (SMBs) and startups. However, one expert warned that workers’ compensation policies need to consider more than just payroll data.

California 43

California payroll New Jersey Technology 43

PYMNTS

SEPTEMBER 27, 2019

Western Union CEO Hikmet Ersek told Karen Webster that real time means receivers will have funds available to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases. MyPayrollHR Founder Faces $70M Fraud Charge. Reports and Trackers.

Legal 46

Legal B2C New York California 46

PYMNTS

DECEMBER 3, 2019

Today, we are still seeing instant payments limited to certain demographic sets and market slices — peer-to-peer (P2P) payments among millennial consumers or instant payroll disbursements for gig workers. Right now we don’t see the broad usage in places like legal, government or B2B, but it’s coming,” he said. “A

Legal 56

Legal Technology payroll Start-ups 56

PYMNTS

APRIL 13, 2018

This week’s VC Investment Roundup demonstrates investors’ varied appetite for B2B FinTech. revealed on Thursday (April 12) that it invested in MOTA coin, a payment solution for the cannabis industry that links legal cannabis companies to financial services. Details of the investment are scarce, but Player’s Network Inc.

Finance 51

Finance Technology Legal B2B 51

PYMNTS

JUNE 7, 2018

One of the latest changes to federal rules regarding non-medical home care services could provide more business opportunity to firms that serve that market and handle such backend tasks as billing and payroll. In April, the U.S. And it could turn into a lucrative opportunity for companies active in this market, too.

Healthcare 46

Healthcare payroll Spend Management Legal 46

PYMNTS

FEBRUARY 22, 2019

In other attempts, noted at the time, fraudsters impersonated company executives and tried to solicit W-2s from payroll or human resources (HR) employees, with the aim of filing fraudulent returns on behalf of those employees. The IRS cited “spoofed” addresses that seemed official.

Mississippi 54

Mississippi Minnesota Entertainment payroll 54

PYMNTS

NOVEMBER 9, 2016

Nonprofits, however, have to not only ensure they fall in line with corporate-facing regulations around processes like payroll and cross-border payments, but, explains Dan Murphy at nonprofit software firm Abila , the compliance stakes are higher, more numerous and more complex than they are at the typical for-profit firm.

accounts payable 69

accounts payable payroll accounting and finance fund accounting 69