PNC Bank and ADP have partnered to embed ADP’s payroll and human resources capabilities in PNC’s digital banking platform, ADP said in a Wednesday (Oct. 28) press release. This integration will enable PNC’s small business clients to manage payroll, HR, banking and payments through a...
FinTech company Mercury added an artificial intelligence-native payroll solution to its offerings so that founders can pay employees and contractors from the account they already use to manage their money, the company said in a Tuesday (Oct. 20) press release. With AI-powered capabilities through Mercury’s...
Watch more: Need to Know With Branch’s Atif Siddiqi For workers with unpredictable pay, the problem with saving isn’t necessarily deciding to do it. It is knowing how much money they can afford to set aside and leave alone. Branch Founder and CEO Atif Siddiqi...
Cash App, a financial services platform operated by Block, has partnered with enterprise software provider Workday to integrate its payment destination into Workday’s employee payroll management system, according to a Thursday (Sept. 24) news release. Under the agreement, eligible U.S. workers using Workday will be able...
For millions of hourly and shift workers, flexibility is built into when they work but rarely into when they get paid. Labor Economy workers are hourly, gig, seasonal or shift-based workers earning no more than $25 an hour and typically less than $50,000 a year....
Payroll infrastructure company Intermezzo has raised $10 million in new funding. The startup, founded by two veterans of Intuit, automates payroll for human capital management (HCM) platforms, Intermezzo said in a Thursday (Sept. 10) news release. These platforms often have no localized payroll capabilities in most international markets, requiring...
Embedded finance appears to have crossed a revealing threshold: Companies are treating its growing pains as reasons to improve the technology rather than abandon it. The PYMNTS Intelligence report “Embedded Finance as a Strategic Initiative” found in October that 93% of companies encounter friction with...
Watch more: Need to Know With Branch’s Atif Siddiqi Before earned wage access became a FinTech category, restaurant workers had a simpler version of it: finish the shift, collect the tips and go home with money earned that day. Cashless payments disrupted that routine. Restaurants...
On-demand pay was supposed to address a straightforward mismatch. Employees earn money every day, but traditional payroll systems release it every one or two weeks. When a car repair, utility bill or medical expense arrives between paychecks, workers may be forced to borrow even though...