Real-Time Payments Report – November 2020

Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover

Real-Time Payments Report – November 2020

Waiting two weeks to be paid doesn’t have to be par for the payroll course, says Tom Hammond, vice president of corporate strategy and product management for Paychex. In the Real-Time Payments Tracker, Hammond explains how real-time payroll solutions give employees access wages on demand — and employers more time to use their cash prior to payday.

Inside the November Report

  • An interview with Tom Hammond, vice president of corporate strategy and product management for payroll provider Paychex, on how the pandemic and the growing popularity of P2P apps are shaping workers’ real-time payment expectations
  • The latest real-time payment developments, including a partnership between The Clearing House and BMO Financial and why businesses’ use of ACH transfers could represent a crucial step toward adopting real-time payments
  • A Deep Dive examining how P2P apps’ popularity is influencing consumers’ and businesses’ searches for seamless and swift payment experiences

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