Payments News

On The Web

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Domains

COVID-19 and the Income Domain

“The Income Domain consists of payments to individuals for salary, benefits, rebates, and expense reimbursements. In the U.S., these payments are made primarily via direct deposit through NACHA’s ACH system, and to a lesser extent, paper checks and payroll cards. This final installment in our COVID-19 Impact series explores the challenges and opportunities confronting government and […]
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Deals

CloudPay Raises $35M in Growth Capital

“CloudPay provides managed global payroll services to multinational organizations through a single, unified cloud solution. It processes payroll in line with often complex local and country-specific requirements, eliminating error-prone manual processes and ensuring timely payments. CloudPay’s solution guarantees accurate payroll processing across 130+ countries in more than twenty-five languages.”
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Deals

Marc Benioff and PayPal Back Payday Loans Alternative Even

“Salesforce chief Marc Benioff and PayPal Ventures are joining the latest funding round for Oakland-based start-up Even, which aims to provide a better alternative to payday loans. Why it matters: Historically, those who need an advance on their pay often have few options and pay extremely high fees and interest rates. Details: Even says it isn’t disclosing […]
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On The Wires

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Domains

 AnyDay Is Payday

“AnyDay , the world’s first vertically integrated provider of end-to-end on-demand wage pay and other financial wellness solutions, launches today. AnyDay puts cash in people’s pockets by enabling employees to access their wages whenever they want. Unlike its competitors, AnyDay has built its own payments infrastructure. With no middleman in the way, AnyDay delivers on-demand […]
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Deals

Wagestream Goes Mainstream As It Completes a £20m Series B Funding Round

“Income streaming provider, Wagestream, which enables employees to access their earned wages in real time, today announced it has completed a £20m Series B funding round.  Wagestream, which enables staff to draw down a percentage of their earned wages any day of the month for a flat £1.75 fee, has seen demand for its product skyrocket among […]