Instant Payments Solve Emergency Payroll Challenges for Corporations

Making sure employees are paid correctly each pay period is a primary focus of corporate human resources and finance teams, and their payroll provider. Usually payroll runs smoothly and employees are happy to receive their pay.  However, often there are payroll exceptions and emergencies that require employers to find alternative ways to get pay to their employees urgently. Given the nature and schedule for payroll, these payroll exceptions often happen at the end of the day or on a Friday, which makes utilizing traditional payment methods – such as checks and ACH – difficult. 

 

Luckily, instant payments on the RTP® network are helping payroll providers and their customers speed up and streamline emergency payroll, resulting in happier employees, and reduced stress on HR and finance professionals. In this episode, hear how ADP, the global provider of talent management and payroll solutions, and J.P. Morgan, are leveraging the instant payment capabilities of the RTP network to both provide employees with emergency payroll instantly and reduce complexity with payroll exceptions.

Payments Nerds is brought to you by The Clearing House, hosted by Greg MacSweeney, and produced by Earfluence.