When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA) that is coming on the heels of multiple states debating their own regulations in the absence of substantial federal rules around EWA...
Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card, a branded debit card that lets employers easily disburse earned wagers onto the cards. “Over...
Private equity group Apax Partners will acquire HR/payroll software firm Zellis from Bain Capital. “Zellis is a recognised leader in the payroll and HR software market, a sector that we know well from previous Apax Fund investments, including Paycor,” Apax Partner Roy Mackenzie said in a news release provided to PYMNTS Monday...
Cross-border payment platform dLocal is partnering with payroll and payments platform Papaya Global to drive global workforce payments. Through the partnership, the companies aim to enable global firms to pay employees worldwide in local currencies in a timely fashion, according to a Tuesday (April 9)...
February 09, 2024
The debate between regulators and FinTechs over the state of earned wage access (EWA) innovations looks set to heat up through the next several months. In a Feb. 7 letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, the American Fintech Council urged that a meeting be set up with “relevant stakeholders” to have […]
July 13, 2023
Payroll is one of the most critical functions of any workplace, ensuring that employees are paid on time and in the correct amounts. Delaying these paychecks can have massive detrimental...
June 20, 2023
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...
June 14, 2023
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...
April 23, 2024
Accounting and human resources and finance firm Countsy has debuted an online platform. Announced Tuesday (April 23), countsy.ai is designed to simplify back-office management by providing a centralized place for essential business tools and team collaboration. “We designed our new portal to streamline the often complex back office operations for our clients,” Mairtini Ni Dhomhnaill, founder of Countsy, said in a news […]
April 18, 2024
Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card,...
April 15, 2024
Private equity group Apax Partners will acquire HR/payroll software firm Zellis from Bain Capital. “Zellis is a recognised leader in the payroll and HR software market, a sector that we know well from previous Apax...
April 09, 2024
Cross-border payment platform dLocal is partnering with payroll and payments platform Papaya Global to drive global workforce payments. Through the partnership, the companies aim to enable global firms to pay...
