{"id":845491,"date":"2025-05-01T16:10:12","date_gmt":"2025-05-01T20:10:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paycom-secures-payment-institution-license-from-central-bank-of-ireland-expanding-european-payroll-capabilities\/"},"modified":"2025-05-01T16:10:12","modified_gmt":"2025-05-01T20:10:12","slug":"paycom-secures-payment-institution-license-from-central-bank-of-ireland-expanding-european-payroll-capabilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paycom-secures-payment-institution-license-from-central-bank-of-ireland-expanding-european-payroll-capabilities\/","title":{"rendered":"Paycom Secures Payment Institution License from Central Bank of Ireland, Expanding European Payroll Capabilities"},"content":{"rendered":"

<\/p>\n

Paycom Secures Payment Institution License from Central Bank of Ireland, Expanding European Payroll Capabilities<\/b><\/p>\n

OKLAHOMA CITY–(BUSINESS WIRE<\/a>)–
\nPaycom Europe Limited, a subsidiary of Paycom Software, Inc. (NYSE: PAYC)<\/a> (\u201cPaycom\u201d), a leading provider of comprehensive, cloud-based human capital management software, received authorization as a Payment Institution (PI) by the Central Bank of Ireland (CBI). This license presents future growth opportunities for Paycom across Europe.\n<\/p>\n

\nPaycom Europe Limited\u2019s status as a PI supports the expansion of Paycom\u2019s proprietary, single-database payroll software to Ireland as well as other European Economic Area (EEA) Member States, subject to the fulfillment of certain notification requirements. Only 26 companies hold this authorization from CBI.\n<\/p>\n

\n\u201cThis authorization underscores our commitment to upholding the highest regulatory standards of compliance and security in the European market,\u201d said Bob Foster, chief financial officer of Paycom. \u201cAs Paycom expands its global footprint, we remain dedicated to simplifying and automating complex processes and driving operational efficiency for our clients.\u201d\n<\/p>\n

\nGlobal payroll companies traditionally rely on third-party integrations to meet the payroll needs of international clients. Paycom\u2019s authorization from the CBI permits the company to handle its own payroll processing for clients in EEA Member States, including the use of its automated payroll tool, Beti\u00ae<\/sup><\/a>. The revolutionary payroll experience uses live employee data to self-start payroll each period, automatically finding errors and guiding employees to fix them before payroll submission.\n<\/p>\n

\nThe CBI serves as the competent authority in Ireland for the authorization and supervision of payment institutions under the European Union (Payments Services) Regulations 2018 (PSR). To become an authorized PI, firms must meet several regulatory requirements<\/a> that demonstrate, amongst other matters, operational viability, financial stability and compliance capability. This authorization demonstrates Paycom\u2019s dedication to providing payroll services in a secure and compliant manner.\n<\/p>\n

\nPaycom currently offers products to organizations in the U.S., Canada, Mexico, the U.K. and Ireland. These expansions followed the 2023 launch of Global HCM\u2122<\/sup><\/a>, allowing companies to manage their entire domestic and international workforce across more than 190 countries and nearly 20 languages and dialects.\n<\/p>\n

\nTo learn more about Paycom\u2019s global footprint, visit https:\/\/global.paycom.com\/<\/a>.\n<\/p>\n

About Paycom<\/b><\/p>\n

\nFor over 25 years, Paycom Software, Inc. (NYSE: PAYC)<\/a> has simplified business and employees\u2019 lives through easy-to-use HR and payroll technology<\/a> to empower transparency through direct access to their data. From onboarding<\/a> and benefits enrollment<\/a> to talent management<\/a> and more, Paycom\u2019s employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom\u2019s single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250501967011\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Larisha Hunter
\n
media@paycom.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe Ireland United States North America Oklahoma<\/p>\n

INDUSTRY KEYWORDS:<\/b> Apps\/Applications Technology Human Resources Banking Accounting Business Professional Services Software Data Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Paycom Secures Payment Institution License from Central Bank of Ireland, Expanding European Payroll Capabilities OKLAHOMA CITY–(BUSINESS WIRE)– Paycom Europe Limited, a subsidiary of Paycom Software, Inc. (NYSE: PAYC) (\u201cPaycom\u201d), a leading provider of comprehensive, cloud-based human capital management software, received authorization as a Payment Institution (PI) by the Central Bank of Ireland (CBI). This license presents future growth opportunities for Paycom across Europe. Paycom Europe Limited\u2019s status as a PI supports the expansion of Paycom\u2019s proprietary, single-database payroll software to Ireland as well as other European Economic Area (EEA) Member States, subject to the fulfillment of certain notification requirements. Only 26 companies hold this authorization from CBI. \u201cThis authorization underscores our commitment to upholding the highest regulatory standards of compliance … <\/p>\n

Continue reading “Paycom Secures Payment Institution License from Central Bank of Ireland, Expanding European Payroll Capabilities”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-845491","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPaycom Secures Payment Institution License from Central Bank of Ireland, Expanding European Payroll Capabilities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paycom-secures-payment-institution-license-from-central-bank-of-ireland-expanding-european-payroll-capabilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paycom Secures Payment Institution License from Central Bank of Ireland, Expanding European Payroll Capabilities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Paycom Secures Payment Institution License from Central Bank of Ireland, Expanding European Payroll Capabilities OKLAHOMA CITY–(BUSINESS WIRE)– Paycom Europe Limited, a subsidiary of Paycom Software, Inc. (NYSE: PAYC) (\u201cPaycom\u201d), a leading provider of comprehensive, cloud-based human capital management software, received authorization as a Payment Institution (PI) by the Central Bank of Ireland (CBI). This license presents future growth opportunities for Paycom across Europe. Paycom Europe Limited\u2019s status as a PI supports the expansion of Paycom\u2019s proprietary, single-database payroll software to Ireland as well as other European Economic Area (EEA) Member States, subject to the fulfillment of certain notification requirements. 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