In the United States, an average employee has over $3,000 in unused paid time off (PTO) at any given moment, with over $318 billion annually in unused PTO being rolled over each year, according to Veetahl Eilat-Raichel, co-founder and CEO at FinTech startup Sorbet. “There’s...
When hiring and paying workers cross-border, companies can face payment hurdles and other barriers making the process more difficult, often requiring the use of specialized global payment platforms to get funds into the hands of workers in different countries. Based on a survey of 250...
B2B payments platform Zil Money says it wants to help cash-strapped businesses make payroll. To that end, the company Monday (June 12) announced the launch of Payroll by Credit Card, a tool to help companies simplify employee payments, even during cash flow shortages. “We understand the common challenges...
iiPay has launched a payroll solution to help multinational corporations manage payments to contractors. The new ContractorPay streamlines payments to contractors across the globe, the provider of cloud-based global payroll software solutions said in a Tuesday (June 6) press release. “iiPay ContractorPay will provide businesses...
Atomic has launched an artificial intelligence (AI)-powered authentication engine. The new SmartAuth enables authentication adaptations in real-time, using AI and machine learning (ML) to identify required interactions and adapt, Atomic said in a Friday (May 12) press release. This ability allows authentication process changes without...
One out of four people in France find themselves in overdraft every month, generating about €7 billion ($7.6 billion) in bank overdraft fees, said Louis Ajacques, co-founder at French HRTech firm Spayr. This situation, he added, is very common because advance salary payment, although a...
Santander Bank N.A. has partnered with DailyPay to offer an on-demand pay benefit. With this collaboration, Santander’s Commercial Banking clients in the United States can provide their employees with immediate access to their pay as they earn it, Santander Commercial Banking said in a Wednesday (April...
Dora Financial has launched a payroll payment system for businesses with independent contractors and gig workers. The new DoraPay enables more efficient management of 1099 payroll and the offering of employer sponsored benefits, the credit union service organization (CUSO) said in a Friday (April 14)...
Financial services provider Rain has raised what it says is a record $116 million. Announced Tuesday (March 21), the funding — the most ever for an HR tech firm, Rain said in a news release sent to PYMNTS — will let the company upgrade its...
