How forward-thinking payroll and finance leaders are unlocking instant payment rails to cut days off their payroll cycle
Most organizations pay their employees through the banking system, via services such as BACS, ACH, and SEPA. These typically take 2-3 days to process through multiple banks en-route to the recipient’s account. The setup procedure is lengthy and prone to errors.
It’s now possible to pay employees around the world pretty much instantly, as a pay-to-card transaction that travels via the card rails network. This method is much simpler to set up and validate and the money appears in the recipient’s account within about 30 seconds.
Read the eBook to learn how instant salary payments work and the advantages of the new payment method for employers and employees.