Sep 13, 2023 | Compliance, Human Resources
Money transmitter law and its implications have undergone significant changes, particularly for payroll providers. This article explores the recent developments in money transmitter law and how they specifically affect payroll services. The evolving landscape presents...
Sep 20, 2023 | Compliance, Payroll
Complying with regulations is an essential aspect of operating in the banking network. Various entities enforce different rules, such as the NACHA rules by the banking network itself, the Bank Secrecy Act (BSA) by federal and state banking regulators, and anti-money...
Feb 27, 2024 | Compliance
In the evolving landscape of financial regulation, the Model Money Transmission Modernization Act (MTMA) stands out as a beacon for states aiming to refine and enhance their licensing requirements for money transmitters. This model act, gaining traction across the...
Oct 14, 2023 | Earned Wage Access
Earned wage access (EWA) is a term often heard among employers in the retail and hospitality industries. EWA may be referred to as instant pay, earned income, early wage access, accrued wage access, or on-demand pay. In the UK, the product is referred to by the...
Sep 8, 2023 | Compliance, Payroll
Compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations is crucial for businesses operating in the financial sector. Accounting firms providing payroll services to clients need to ensure they are compliant with these regulations to avoid...
