The speed of instant payments is a well-known attribute. For many large businesses, instant disbursements for nonrecurring, or ad hoc, payments are becoming a strategic tool, particularly for managing vendor relationships, especially when it comes to the gig economy. An April PYMNTS Intelligence report, “Instant...
Consumer spending, the key engine of the economy in the United States, is in danger of stalling. The U.S. Census Bureau released retail data Thursday (May 15) showing that sales growth slowed markedly after pre-tariff front-loading of consumer spending, especially for expensive, big-ticket items such...
Even before the pandemic, PYMNTS noted that 32% of workers participated in the gig economy in some way, either to supplement their incomes, or to cobble together revenue streams that represented their primary ways of paying their way through life. There’s some evidence that the...
Payments and financial services tech firm Fiserv finalized its purchase of Payfare. The completed deal makes the founders and employees of earned wage access (EWA) provider Payfare part of the Fiserv team, according to a Monday (March 3) press release. “This acquisition complements Fiserv’s existing...
May 20, 2025
The speed of instant payments is a well-known attribute. For many large businesses, instant disbursements for nonrecurring, or ad hoc, payments are becoming a strategic tool, particularly for managing vendor relationships, especially when it comes to the gig economy. An April PYMNTS Intelligence report, “Instant Payments: A Strategic Tool for Vendor Relationships and Urgent Transactions,” […]
May 15, 2025
Consumer spending, the key engine of the economy in the United States, is in danger of stalling. The U.S. Census Bureau released retail data Thursday (May 15) showing that sales...
January 22, 2025
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...
October 25, 2024
As we head into the fourth quarter of arguably the most innovative year in payments since the pandemic, the liberation of capital is emerging as the story of the year....
May 20, 2025
Papaya Global launched a dedicated platform designed to help enterprises and managed service providers (MSPs) manage and pay freelancers, consultants, gig workers and independent contractors. The new Contingent OS platform provides a financial infrastructure that encompasses vendor management systems, payroll compliance, invoice verification and instant global payments, the workforce payments company said in a Tuesday […]
March 03, 2025
Payments and financial services tech firm Fiserv finalized its purchase of Payfare. The completed deal makes the founders and employees of earned wage access (EWA) provider Payfare part of the...
January 14, 2025
Gig workers and other independent contractors can take collective action seeking better compensation and job conditions without being challenged by the Federal Trade Commission (FTC), the regulator said Tuesday (Jan....
December 23, 2024
Both Walmart and FinTech company Branch said Monday (Dec. 23) that they will defend themselves “vigorously” against a Consumer Financial Protection Bureau (CFPB) lawsuit filed against the companies. The CFPB...
