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Fed Preparing to Finance New Small-Business Payroll Loans

April 7 2020

• in
• Government Payments
• Income

“The Federal Reserve said Monday it would create a new program to finance loans that banks and other lenders make through the government’s emergency small-business lending program . The move will free up financial firms to make more loans guaranteed by the Small Business Administration’s Payroll Protection Program, part of a $2.2 trillion economic relief […]

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Domains

Controversial cashless welfare card rolled out in Queensland region

January 29 2019

• in
• Government Payments
• Income

“It means 80 per cent of their payments go onto an “Indue” card, which can’t be used for alcohol or gambling, and is disallowed from cash withdrawal, with the remaining 20 per cent put in their nominated bank account. Thousands of recipients of welfare in Wide Bay in Queensland will be moved onto the new system […]

On The Wires

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Trans@ct By 7-Eleven® Prepaid Mastercard® Can Help Unbanked Receive Stimulus Payments Sooner Than a Paper Check With Direct Deposit

April 17 2020

• in
• Income

“This week, the U.S. Treasury Department began sending out economic impact – or stimulus – payments, in response to the COVID-19 pandemic. However, some people may have to wait weeks or months to receive their payments by mail. With its Trans@ct by 7‑Eleven® Prepaid Mastercard®, 7‑Eleven, Inc. provides a convenient solution to under- and un-banked individuals and […]

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QuickBooks Launches Expanded Suite of Automated Payroll and HR Services

December 12 2019

• in
• Income

“Intuit Inc. (Nasdaq: INTU) today announced an expanded suite of QuickBooks Online Payroll offerings that enable small businesses to run payroll and file taxes automatically, all while receiving tax penalty protection and gaining access to essential services like on-demand HR, health benefits, and workers’ compensation.”

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Domains

One in Eight Supermarket Employees in the U.S. Now Has Access to Their Money As They Earn It

April 28 2020

• in
• Income

“DailyPay, the leading provider of the daily pay benefit, joins forces with many of the country’s leading supermarkets to support their heroic workers who are on the frontlines of the global health crisis. Now, more than one in eight grocery store workers across the country has this financial control at a time when they need […]

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Domains

Ceridian Transforms the Traditional Payday With Launch of Dayforce Wallet

May 12 2020

• in
• Income

“Ceridian (NYSE: CDAY; TSX: CDAY), a global human capital management (HCM) company, announced today the availability of Dayforce Wallet – an on-demand pay solution. Dayforce Wallet leverages the Dayforce platform’s unique continuous calculation capabilities for an accurate, on-demand payment, instead of an approximation of earnings. It disrupts the antiquated concept of a fixed pay period […]

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Domains

Personal Income and Outlays: March 2020 | U.S. Bureau of Economic Analysis (BEA)

May 1 2020

• in
• Income

“Personal income decreased $382.1 billion (2.0 percent) in March according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $334.6 billion (2.0 percent) and personal consumption expenditures (PCE) decreased $1,127.3 billion (7.5 percent). The decline in March personal income and outlays was, in part, due to the response to the spread of COVID-19, as […]

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Domains

Paychex Releases HR Industry’s First Real-Time Payments Solution

May 18 2020

• in
• Income
• Real-Time Payments

“Paychex, Inc. , a leading provider of HR, payroll, benefits, and insurance solutions, is now the first HR solutions provider to give business owners the ability to leverage real-time payments to deliver pay to their employees immediately – a capability that has become increasingly important during the coronavirus (COVID-19) pandemic. Leveraging The Clearing House RTP® […]