Atlanta, GA, May 15, 2019 (GLOBE NEWSWIRE) -- KyckGlobal, a platform for streamlining contractor pay disbursement, has partnered with InstaStaff’s instant payment platform, InstaPay, which offers instant access to earned wages to both W-2 and 1099 contractors.
InstaStaff will expand KyckGlobal’s service portfolio by providing a time and attendance management interface integrated with their front office system that will enable businesses to pay their workers at the end of their shift after the hours are approved. InstaStaff can calculate the taxes owed and also sends the information about the deduction to the company’s payroll system in an automated way.
“This partnership represents a major milestone for KyckGlobal,” says Chief Financial Officer John Balch. “We’ve been focused on the gig economy because of the speed with which it’s growing and the talent pool’s embrace of technology. But InstaStaff gives us a new way to make instant payments practical for businesses who are worried about the added headache of keeping track of hours and payroll reconciliation. With dozens of instant payment solutions in the marketplace, none have the front end interface, tax calculator and payroll integrations that InstaStaff provides. With InstaStaff, we can respond to the overwhelming demand we’re seeing for daily payment to employees and make it easy for businesses to implement.
“InstaStaff and KyckGlobal’s partnership will result in seamless approval of time worked and the ability to pay both 1099 and W-2 workers instantly after time card approval,” according to InstaStaff CEO Cherie Kloss. “The KyckGlobal platform will expand our ability to offer multiple payout options and lower fees, and I am thrilled that my COO Jeff Richards, and John Davidson, VP of Business Development were able to bring this deal to fruition.”
InstaStaff's InstaPay platform has an electronic timecard approval system, batch approval option, tax calculator, configurable buffers for risk management, configurable fees, timeclock and API integrations. This culminates in an ability for businesses to easily implement instapay for both W-2 and 1099 workers.
KyckGlobal provides payment options via Real-Time Payments, Stored Value Cards, ACH, PayPal and a Cash option. Its platform contains a built-in reporting system for filing contractors’ 1099 forms.
KyckGlobal is a cloud-based fintech firm dedicated to helping companies attract, retain and incentivize their talent through the power of e-invoicing and payments. It recently raised $8 million in seed capital, enabling it to build a next-generation platform to enhance loyalty among contractors by giving them dynamic control to manage their compensation, accounting and compliance across payers. Founded in 2018 by fintech executives and entrepreneurs, the company is headquartered in Atlanta. For more information, visit www.kyckglobal.com.
InstaStaff, based in Atlanta, GA, develops on-demand booking, communication and instant payment software to help businesses manage their professional workforces. For more information, visit https://www.instastaff.com/.
Jessica Koenig (267) 797-0404