Breaking Industry News – Wednesday, September 18, 2019I n a case that could have implications for direct deposit and payroll services providers, a payroll processing firm ceased operations, vanishing into the ether with $35 million earmarked to pay client employees and their tax withholdings. Now the FBI and regulators in New York, where the payroll company was based, are investigating the matter.
“I am calling on the [New York Department of Financial Services] to investigate the sudden and disturbing shutdown of MyPayrollHR in Clifton Park,” Governor Andrew Cuomo stated in a recent tweet. “The company’s reckless actions have left employees across the state with negative bank accounts. They deserve answers.”
Online Edition – Issue 19:09:01By Dale S. Laszig
N onbank finance has evolved over the past decade, but experts say lawmakers don't yet understand its nuances. Industry leaders are rallying stakeholders to join them in educating Washington while promoting best practices from within. Their syllabus highlights the differences between merchant cash advances (MCAs) and loans, and consumer and business finance models. Self-regulatory approaches have centered on disclosure, transparency and industry best practices.
It’s Showtime!
Financial Services & Payment Technologies
America's ATM industry conference & expo, dedicated to the independent/retail ATM marketplace.
WHERE MONEY REVOLUTIONARIES UNITE.
September 18, 2019
WSAA 16th Annual Conference
September 18, 2019
PayThink 2019
September 18, 2019
PaymentsFirst Solutions Payments Conference
September 23, 2019
FinovateFall 2019
September 25, 2019
Strategic Leadership Forum
Laura Demke-Calixte, Founder & CEO of EPNA, describes how she's building that ISO, a certified woman-owned business enterprise, on a foundation of trust and integrity, with unique flourishes, like operating a retail storefront where merchants can get statements analyzed and product demos. James drills down on the skill set needed to support successful agent training, and Patti discusses POS debit trends.
SurchXCompany profile from GS190901
W hat happens when a group of friendly entrepreneurs and technologists assemble to solve a new problem? If serial entrepreneur Robert Maynard gets involved, it could easily result in a new venture.
John McKinney Named Chief Technical Officer at LaterPay
Finicity Releases New Verification of Income and Employment Solution for Lenders
DeepTarget and Access Softek Extend Relationship and Double Down on Customer Success
Alan Osborne joins Paysafe as Chief Information Security Officer
BNY Mellon and Bloomberg to Deliver Front-To-Back Integration Capabilities
MTrac to Showcase Closed-Loop Payment Platform for Cannabis to State Legislators
Nets and KPMG Partner to Launch AI-Powered Payment Fraud Prevention Solution
Green Sheet Video
