Tag: Payroll

Stay updated with the latest news and insights on payroll in payments and banking, focusing on technologies and strategies that streamline payroll processes and enhance employee payment experiences.

On-Demand Earned Wage Access Expands to Help Higher Earners

bySarah Grotta

June 12, 2020

On-demand earned wage access (EWA) is the employee benefit offered by some employers that allows workers to determine when they ...

New Technologies to Redefine Payroll Profession

bySteve Murphy

June 9, 2020

This referenced posting is from Bloomberg and provides an overview of what is expected to be the emerging use of ...

FIS Partners with Banks and Credit Unions to Speed Relief to U.S. Small Businesses and Merchants Impacted by Coronavirus

byPaymentsJournal

April 6, 2020

Financial services technology leader FIS™ (NYSE: FIS) announced today that it is enabling the ability for U.S. banks and credit unions ...

PayFit Unveils Expense Capture Functionality, as It Smashes past Growth Milestones

byPaymentsJournal

February 27, 2020

One of Europe’s fastest-growing tech companies, PayFit, has unveiled a new receipt capture function, to complement its existing suite of ...

Branch Expands Scheduling Flexibility Platform with General Availability of Pay payroll card

3 Key Payroll Card Takeaways Each for Employers & Employees

byPaymentsJournal

September 20, 2019

A payroll card is a prepaid debit card that account balances are electronically deposited to by employers. It offers features ...

Six Key Stats on Wage Advance & On Demand Payroll:

byPaymentsJournal

September 19, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

Corsair Capital to Acquire MSTS From World Fuel Services

Payroll Card Users Might Not Be Who You Thought They Were:

byPaymentsJournal

September 18, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

About the report The report titled U.S., Canada, and U.K. Prepaid Markets: Similarities and Differences provides a comparison of these markets including market size, taxonomy, regulations, and key players. Mercator Advisory Group has been covering the U.S. prepaid debit card market since 2004 and created the taxonomy that is used industrywide to categorize and segment the different prepaid debit card types in the market. In 2014, Mercator was asked to provide the same type of analysis for the Canadian market. Every year new data is collected and analyzed using the baseline data and trending to benchmark and forecast market size for five additional years, which helps program managers and processors to anticipate where growth will happen as well as where to expect declines. Additionally, the report looks at the regulatory environments for prepaid debit cards, which are continually changing especially in Canada and the United Kingdom as regulators learn the nuances of the card market and where risk lies. While some controls are necessary, prepaid programs face risks at both the state/providence and federal level provoking continual compliance concerns. “The prepaid debit card market is unique in that there are many product offerings under prepaid debit cards that are not widely known under that designation. People are more likely to know them as gift, payroll, incentive, travel, or general purpose reloadable (GPR) cards. Each country has its own set of products that function primarily the same but with major differences in the regulatory requirements. It’s valuable to players in the prepaid market to see how each country is evolving in this space,” C. Sue Brown, Director of Mercator Advisory Group’s Prepaid Advisory Service, and author of the report, commented. This research report has 21 pages and 15 exhibits. Companies and other organizations mentioned in the report include: Bank of Canada, Bank of Montreal, Barclays, Berkeley Payments, Blackhawk, Canadian Imperial Bank of Commerce (CIBC), City Services Benefits Card (CSBC), Clydesdale Bank, Consumer Financial Protection Bureau (CFPB), Contis Group, Ltd, Co-operative Bank, Desjardins, Discover, Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement (FinCEN), Greendot, HSBC, InComm, Industrial and Commerce Bank of China, KEB Hana Bank of Canada, Laurentian Bank, Lloyds Banking Group (Bank of Scotland, Halifax, and Lloyds), Mastercard, National Bank, National Gift Corporation (NGC), Nationwide, Netspend, North West, Ontario Disability Support Program, PaySafe Group, Peoples Trust Company, Prepaid Financial Services (PFS), PrePay Solutions, PSI-Pay, Ltd, Rapid Payroll, RBC Royal Bank, RBS Group (NatWest, Royal Bank of Scotland, and Ulster Bank), Santander, Scotiabank, TD Canada Trust, Toronto Employment and Social Services (TESS), TSB, UK Gift Card and Voucher Association (UKGCVA), US Bank, Vancity Community Investment Bank, Virgin Money, Visa, Wirecard, and Yorkshire Bank.

3 Misconceptions about Payroll Cards:

byPaymentsJournal

September 17, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

What Percentage of the Prepaid Market Are Payroll Cards?

byPaymentsJournal

September 16, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

Comdata to Acquire Payroll Card Provider SOLE Financial

bySteve Murphy

July 16, 2019

In this particular announcement, which is posted in Yahoo Finance, we learn that Comdata will be acquiring the consumer payroll ...

Page 3 of 4 Prev 1 2 3 4 Next

Tag: Payroll

On-Demand Earned Wage Access Expands to Help Higher Earners

New Technologies to Redefine Payroll Profession

FIS Partners with Banks and Credit Unions to Speed Relief to U.S. Small Businesses and Merchants Impacted by Coronavirus

PayFit Unveils Expense Capture Functionality, as It Smashes past Growth Milestones

3 Key Payroll Card Takeaways Each for Employers & Employees

Six Key Stats on Wage Advance & On Demand Payroll:

Payroll Card Users Might Not Be Who You Thought They Were:

3 Misconceptions about Payroll Cards:

What Percentage of the Prepaid Market Are Payroll Cards?

Comdata to Acquire Payroll Card Provider SOLE Financial

Must Reads

The Folly of Capping Credit Card Interest Rates

Stopping Repeat Payment Fraud With Accurate Device Recognition

Fostering Customer Loyalty Through Transparent Payment Reconciliation

Exploring the Current Gift Cards Landscape

Two Ideas to Protect and Strengthen the U.S. Financial System

Five Ways to Effectively Optimize Cash Flow

Crypto Is on Voters’ Minds More Than Ever

For ISO 20022, the Time Is Now