Some accounts say Roman soldiers were periodically paid for their labors in salt, and while compensation methods have evolved considerably since then, the concept of lump periodic payments has endured. Numerous economic, social and technological trends are rendering this system more outdated, however. Consumers have...
Businesses are ramping up their digital capabilities during COVID-19 and are turning to gig marketplaces for sourcing talent. But all too often these technology professionals can find themselves waiting up to a month to collect payments, says Dave Messinger, chief technology officer at Topcoder. In...
The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal (WSJ). The heightened speed at which the payments will come is based around the procedures, online tools and bank account...
The pandemic has exposed extreme vulnerabilities in today’s economy where six in 10 Americans live paycheck to paycheck. In an interview with PYMNTS, Warren Perlman, chief information officer at global human capital management company Ceridian, said allowing individuals access to their wages in real time...
Among the value propositions for real-time processing is to improve liquidity while reducing transactional overhead. Yet for many entities, the concept of implementing real-time processing across an entire system can feel overwhelming complex. As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for...
The United States federal government sought to disburse more than $1 trillion in stimulus funding in the early days of the COVID-19 lockdown to help businesses stay afloat and pay citizens for urgent expenses. The money was sent out by check and direct deposit, yet...
Hotels and resorts need their workers more than ever to safely reopen, but these workers must also meet their own needs – and early access to pay can play a vital role in helping them do so. In the inaugural edition of the Next-Gen Payroll...
The United States economy is steadily reemerging from the COVID-19 pandemic-induced shutdown. Businesses are reopening to a different reality than the one that existed just three months ago, however. Firms are adopting new safety policies concerning everything from sanitation to public occupancy limits. Many of...
Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release. Through using the RTP network, the Columbus, Ohio-based company will be able to...
