The Federal Reserve investigates direct deposit disruption, ATCE explores banks’ payment rail needs, and Starlink integrates QuickBooks for SMBs
| | | | BUSINESS-TO-BUSINESS EDITION | | Payroll, Workersâ Comp Find Link Through Real-Time Data Payroll and insurance are rarely considered related processes, but when it comes to workersâ compensation, the two are closely intertwined. For small businesses with hourly workers, relying on payroll estimates means a massive manual workload and the risk of a hefty insurance audit bill. Tom Sagi, CEO of Hourly, spoke with PYMNTS about how small- to medium-sized businesses (SMBs) can tackle payroll and workersâ comp management simultaneously, with real-time payroll data. |
| VCs Back FinTechs That Help Other Firms Manage Money With more than $89 million raised, B2B FinTechs this week impressed venture capitalists with a range of services including small business accounting, financing, spend management and payroll. Startups helping other businesses to manage their financing proved popular with investors, but it was a Vietnamese B2B eCommerce startup that took home the largest round. |
| | Payment Rails | | Building Better Payment Rails With Banks In Mind Payments innovators are exploring ways to improve existing rails and tackle friction in the inter-banking system. But to make cross-border B2B payments better, developing a new payment rail from the ground-up can be another effective strategy. ATCE Chief Innovation Officer Wade Murray discusses what banks need in order to adopt any such new tool, including integrated security, and the opportunity to generate revenue. |
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