Why Faster Payments Will Dominate Payroll in 2023
Real-time payroll and earned wage access continue to increase in popularity, as companies see the benefits of offering workers faster access to pay.
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Real-time payroll and earned wage access continue to increase in popularity, as companies see the benefits of offering workers faster access to pay.
Paychex, a payroll provider that has sent more than $60 million in real-time payroll over the RTP® network since May, has won the “Top HR Product of the Year” from Human Resource Executive magazine.
As the reach of the RTP® network continues to grow, TCH issues a statement in response to the Federal Reserve’s recent FedNow announcement.
Paychex, which only launched real-time payments capabilities for payroll two weeks ago, has already sent $4.6 million over the RTP network.
The cloud-based processing service from Volante Technologies can connect financial institutions to the RTP network.