Paychex to Offer Real-Time Payroll for Employers
Paychex will offer real-time and on-demand payroll through the RTP® network in early 2020 to meet the evolving needs of employers.
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Paychex will offer real-time and on-demand payroll through the RTP® network in early 2020 to meet the evolving needs of employers.
Real-time payments capabilities brings opportunities for new products and offerings for consumers and businesses.
With HSBC and Wells Fargo enabling send capabilities on the RTP network, and with the TCH + BPI Annual Conference taking place in New York, there has been plenty of real-time payments news this week.
74% of FIs are now in development or considering real-time payments for at least one of their customer segments to meet growing demand and gain a competitive advantage.
“We believe that the new model of bill pay actually provides benefits on the biller and bill payer side, as well as to the financial institutions.” — Peter Davey, TCH
Banks and fintech firms need to understand what is driving the race for real-time payments.