Wagepoint on why payroll will benefit from real time payments, patent trolls target blockchain, and UK SMBs disappointed with banks.
| | | | BUSINESS TO BUSINESS EDITION | | CanPay: Solving Potâs Payments Problem
The move to cashless has all but eluded the one industry that would love nothing more than to go digital: legal cannabis. Payments vet and CanPay CEO Dustin Eide told Karen Webster in this weekâs The Matchmaker Is In that the complexity of doing so dwarfs just about any payments challenge heâs ever seen. Eide takes Webster inside the development of the ACH-debit product that has cashless as its MO, but transparency as a means of normalizing the regulated sale of cannabis as its guiding principle.
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| One City Plans To Run Entirely On Blockchain
While businesses explore how to use blockchain to enhance their services, some companies are starting to use the technology themselves. This week, news from Citigroup, UPS and Vanguard signal interest in using distributed ledger in the back office. Plus, in this weekâs Blockchain Tracker, PYMNTS takes a look at how governments continue to consider the tool, with one city aiming to be the first government that runs on blockchain by the end of the decade.
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| | Payroll | | Entrepreneurs Eagerly Await Real-Time Payments For Payroll
Payroll is not a business process thatâs necessarily intuitive. So, when entrepreneurs whoâve been on the receiving end of payroll their entire professional lives suddenly find themselves in charge of the task, tax calculations and wage laws can quickly become overwhelming. Shrad Rao, CEO of payroll startup Wagepoint, says SMBs are underserved. Better tech, combined with real-time payments, will be key to meeting employeesâ changing payroll demands, he tells PYMNTS. Read More... |
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