Paycom Europe Limited, a subsidiary of Paycom Software, has received a Payment Institution licence from the Central Bank of Ireland. This move allows Paycom to expand its single-database payroll software across Europe, including Ireland and other EEA member states. Being one of only 26 firms with this authorisation, Paycom aims to streamline payroll processes for international clients while maintaining high regulatory compliance and security standards.
Source: Paycom Business Wire Article
Key Points
- Paycom Europe Limited has secured a Payment Institution licence from the Central Bank of Ireland.
- This licence allows Paycom to expand its payroll software to Ireland and other EEA member states.
- Only 26 companies currently hold this licencing from the CBI, demonstrating high regulatory standards.
- Paycom’s automated payroll tool, Beti®, will help clients manage payroll effectively using live data.
- The authorisation highlights Paycom’s commitment to smooth and compliant payroll services.
Why should I read this?
If you’re interested in the evolving landscape of payroll solutions across Europe, this article is a must-read! Paycom’s expansion not only shows their growth ambitions but also underscores the importance of regulatory compliance in delivering payroll services. Catch up on how Paycom is shaking things up in the European market – we’ve done the reading for you!