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 59

B2B accounts payable Technology Accounts Payable Automation 59

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.

payroll 43

payroll New York Government B2B 43

PYMNTS

NOVEMBER 22, 2019

However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc leading the investment.

B2B 43

B2B Accounts Payable Automation Technology payroll 43

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. as defendants.

payroll 46

payroll Pennsylvania New York Legal 46

PYMNTS

AUGUST 10, 2018

A week of more than $200 million for B2B FinTech firms across the globe shows that venture capitalists’ support for the space continues. Asia-Pacific and North American startups took the lead this week, with funding going to small business (SMB) accounting, payroll, B2B eCommerce and cybersecurity firms — just to name a few.

B2B 40

B2B accounting and finance E-commerce payroll 40

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 43

payroll Technology accounting and finance New York 43

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. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

payroll 52

payroll B2B New York Legal 52

PYMNTS

OCTOBER 25, 2019

challenger banks Tide and Starling Bank ramped up their competition once again as the two rivals each announced new funding. Cybersecurity startup Firedome announced $10 million in new funding this week. The company also announced $15 million in new funding from the Development Bank of Southern Africa. Starling Bank.

B2B 40

B2B B2C Expense Management accounting and finance 40

PYMNTS

APRIL 30, 2018

The latest payroll company to go public had a promising debut last week on the New York Stock Exchange, according to reports in StarTribune. Ceridian is the latest in a series of payroll companies going public. The company saw $750.5 million in total revenues in 2017, up 6.6 percent from 2016; its net losses hit $10.5

payroll 40

payroll Minnesota New York B2B 40

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

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

AUGUST 1, 2018

Payroll and human capital management (HCM) company Ceridian is rolling out its cloud-based platform in the U.K. months after a successful initial public offering (IPO) on the New York Stock Exchange (NYSE). enables businesses in the market to access its integrated payroll and workforce management solutions on the platform.

payroll 40

payroll Technology New York Education 40

PYMNTS

MAY 26, 2016

Pizza chain Domino’s is facing a lawsuit accusing the conglomerate of snubbing its employees of sufficient compensation, and according to reports on Wednesday (May 25), the firm’s payroll software is to blame. Domino’s uses a payroll tool called Pulse to calculate wages and compensate employees.

payroll 40

payroll New York Michigan B2B 40

PYMNTS

MARCH 30, 2018

Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. The company provides a B2B service to help the enterprise deploy various back-office processes without IT support by using its cloud platform. B2B Payments. Cybersecurity.

B2B 46

B2B Technology California Hospitality 46

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 52

payroll Expense Management New York Government 52

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.

Connecticut 46

Connecticut payroll New York Legal 46

PYMNTS

DECEMBER 8, 2017

In total, B2B venture capitalists placed (or announced plans to place) $85 million in funding to businesses, with startups in the U.S., It was a mixed bag of funding, with a few startups working in more traditional B2B technology, including expense management and SaaS. PYMNTS breaks down the investments for B2B FinTechs below.

B2B 55

B2B Expense Management Technology New York 55

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. New York Gov. This leaves ambiguity for payroll firms.

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. New York Gov. This leaves ambiguity for payroll firms.

New York 46

New York payroll Legal Technology 46

PYMNTS

JUNE 23, 2017

We break down all the B2B FinTech funding rounds below. EaseCentral’s new tools include an employee-facing mobile app, as well as an integration with ADP for streamlined payroll. The new funding will help the company expand geographically in the U.S., with plans to open an office in New York City later this year.

B2B 68

B2B Spend Management Tools Spend Management corporate accounting 68

PYMNTS

MARCH 9, 2020

“Now, the actors involved are a lot more sophisticated and share intelligence and organized networks,” said Michael Driscoll, who is the special agent in charge of cyber-and-counterintelligence at the FBI’s New York unit. million, a reflection of how B2B invoices can be used to defraud government entities, too.

Real Estate 56

Real Estate B2B payroll accounts payable 56

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

DECEMBER 10, 2019

Venture capital firm Pear has announced $160 million in new fundraising to fuel its next wave of investments, with a focus on seed-stage B2B startups. ” Among Pear’s partners is Nils Bunger, which helps the company focus on B2B startups. is readying to go public on the New York Stock Exchange.

B2B 52

B2B New York payroll Technology 52

PYMNTS

SEPTEMBER 7, 2016

Payroll cards have been hit with a new controversy. Only days ago, an employee of the restaurant chain Dave & Buster’s filed a lawsuit against the company over its payroll practices. That sentiment echoes other states’ legislative efforts to protect workers from payroll card fees.

payroll 40

payroll Oregon Pennsylvania New York 40

PYMNTS

FEBRUARY 24, 2020

This week’s B2B Data Digest takes a look at the latest data points behind more cases of B2B payments fraud. 41 percent more ransomware attacks were initiated last year , the New York Times reported, citing data from Emsisoft, with 205,280 businesses losing access to their data as a result.

Tax 65

Tax North Carolina Construction B2B 65

PYMNTS

SEPTEMBER 16, 2019

So now, the investigation deepens and broadens, with payroll fraud under the microscope. As reported by NBC News , the investigations were confirmed, separately, by spokespeople for the FBI’s Albany, New York office and the labor department.

payroll 69

payroll Indiana New York California 69

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. 115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported.

accounts payable 59

accounts payable Missouri payroll Real Estate 59

PYMNTS

JANUARY 23, 2019

“New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” said Edward Siegel, CEO of Bitty Advance, in a statement.

B2B 65

B2B New York accounting and finance payroll 65

PYMNTS

JANUARY 9, 2020

A cyberattack is being blamed for holding up paychecks from the remaining staff at the beleaguered Barneys New York. They said, “We funded [payroll] this morning, and employees were advised they would be paid on the 9th. A source told Page Six on Wednesday (Jan. 8), “No one got paid last week. They didn’t initially tell us.

New York 57

New York payroll Retail B2B 57

PYMNTS

FEBRUARY 11, 2020

New data was released this week with an urgent, albeit not necessarily unexpected, message: ransomware and other phishing attacks continue to dramatically spike, with more frequent and more expensive attacks hitting businesses and government entities of all sizes. The New York Times reported Sunday (Feb.

Technology 58

Technology B2B B2C accounts payable 58

PYMNTS

FEBRUARY 9, 2020

5) to one charge of conspiracy to commit wire fraud, stating that he assisted New York-based MyPayrollHR CEO and Founder Michael Mann defraud two companies, according to multiple reports last week. payroll company. The company handled payroll for roughly 1,000 businesses across the United States.

Minnesota 61

Minnesota payroll accounting and finance New York 61

PYMNTS

OCTOBER 24, 2019

The closure of New York-based payroll processing firm MyPayrollHR left some 8,000 people and about 400 companies without their paychecks. Pro/Data Workforce Solutions, based in Gurnee, Illinois, notified its clients in September that it would stop handling payroll services as of Oct.

payroll 41

payroll Illinois New York Start-ups 41

PYMNTS

MARCH 2, 2016

Access to adequate working capital can be problematic in an environment where some statistics, notably from the Federal Reserve of New York, show that up to 72 percent of smaller enterprises are turned down when they apply for bank loans.

B2B 40

B2B free accounting software accounting and finance accounting software 40

PYMNTS

DECEMBER 23, 2019

More than seven years of manual employee time-tracking has led to allegations of payroll fraud and abuse at the Albany County Comptroller in New York, according to local CBS news reports. Manual, paper timecard entries have allegedly enabled some county employees to submit their hours weeks in advance.

Maryland 52

Maryland payroll New York Government 52

PYMNTS

DECEMBER 3, 2018

A new insurance technology ( InsurTech ) company is rolling out its workers’ compensation solution in California. Insurance Journal reported late last week that Oyster Insurance launched its services in California after rolling out in New York and New Jersey earlier this year.

California 43

California payroll New Jersey Technology 43

PYMNTS

SEPTEMBER 24, 2019

Today in the payments news roundup, American Express is rolling out a new Pay with Bank Transfer product to U.K. Also, Microsoft has launched a new tool to aid businesses in managing their brands online called Dynamics 365 Commerce. Amex Launches Pay by Bank. Fundbox CEO: How to Fix the ‘Net Terms’ Economy.

New York 43

New York accounting and finance payroll B2B 43

PYMNTS

AUGUST 6, 2018

Human resources (HR) and benefits software platform Namely has found a new CEO — and $60 million in venture capital (VC). According to New York Business Journal , Elisa Steele is the New York-based company’s new CEO, replacing Matt Straz. The company has, so far, processed $12 billion in payroll.

payroll 40

payroll New York California Technology 40