Tag: Speeds

Startup Immediate speeds earned wage access via Visa’s push payments

Immediate will use Visa Direct to provide real-time access for employees to collect earned, but not yet paid wages before scheduled payday.

The Birmingham, Alabama-based startup offers lower costs alternative to payday loans. According to The PEW Charitable Trusts, 12 million Americans borrow from payday lenders each year and spend more than $7 billion on payday loans. Immediate works through employers, integrating with a company’s time and tracking payroll software in order to determine the wages an employee has accrued during a payroll cycle. Immediate has built integrations with ADP, Kronos, Paychex, Paylocity, UltiPro, Prism HR, as well as other payroll platforms.

While many EWA providers such as PayActive set a limit, such as $500, on how much an employee can access early, Immediate works with each individual employer to set customized limits.

The employee can access and request wages by using the company’s mobile app called ImmediatePay. Any eligible

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Veolia Speeds up the Development of Its Energy Business in the Czech Republic and Will Operate the District Heating Network in Prague’s Right Bank

Regulatory News:

Through its subsidiary Veolia Ceska Republika, Veolia (Paris:VIE) has signed an agreement to take over Pražská Teplárenská (PT), a subsidiary of the Czech company Energetický a Průmyslový Holding a.s, which runs the district heating network in Prague’s Right Bank. The Veolia Group already operates the network in Prague’s Left Bank so this transaction will strengthen its position in energy services in the Czech Republic and will eventually represent annual revenue for the Group estimated at €230 million.

The network operated by PT is currently the largest heating network in the Czech Republic. Covering 550 kilometers and with more than 400 employees, it supplies heating to 230,000 homes, municipal installations and tertiary-sector premises on a daily basis.

Veolia’s takeover of PT marks a further stage in the development of heating networks in the Czech Republic. It will also consolidate the Group’s historical connection with the city of

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