Cross-border payments are the holy grail of global commerce and among its biggest pain points. That cross-border pain, as well as those gains, can be multiplied even further when it comes to handling payroll. “Managing employees, contractors and contingent workers all over the world is...
As criticism of traditional biweekly and monthly payroll systems increases, workers in gig, freelance and contract roles are more vocal about the financial strain caused by delayed payments. This has sparked a demand for instant payroll, changing how employees manage their finances and engage with...
Earned wage access (EWA) is expanding platforms, including the eCommerce and ridesharing mainstays that rely on drivers for deliveries and trips, and the FinTech providers that offer enterprises new financial capabilities. In some cases, letting users get an advance on their pay comes via acquisition,...
Earned wage access company DailyPay is rebranding its prepaid Visa card. The card, previously known as the “Friday by DailyPay Visa Prepaid Card,” will now be known as the “DailyPay Visa Prepaid Card,” and come with added capabilities to the company’s suite of money movement services. The card “will...
Human capital management software company Paychex has debuted an employee benefits marketplace. Paychex Flex Perks, announced Wednesday (Aug. 21), offers products including early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex clients. The marketplace is integrated directly...
Payroll solutions company CloudPay has introduced in-app digital payslip functionality. “Accessed via the employee experience app CloudPay NOW, the new capability allows employees to seamlessly view, manage, and download their payslips anytime, anywhere,” the company said in a Monday (June 10) news release. The new...
Deel has extended its strategic investment in Alviere, aiming to help global companies hire and pay workers in the United States. The Alviere embedded finance and compliance program has already been integrated into Deel’s global human resources (HR) and payroll platform, the companies said in...
Payroll infrastructure company Check has teamed with Wave, a money management platform for small businesses. The collaboration, announced Wednesday (April 3), will let the more than 300,000 small businesses using Wave access “full-service payroll functionality” in all 50 U.S. states. “Payroll has long been a growth hurdle...
Gone are the days when financially constrained employees had to wait for the conventional two-week pay cycle to receive their wages. Nowadays, earned wage access (EWA), also referred to as early, instant, or on-demand pay, is rapidly gaining popularity, granting employees access to their earned wages before their...
