[travisjungroth]

If it's the 16th that's 4 business days. But I agree, going through all the trouble of switching payment processors because you hope if the bank they're using fails they'll get back up and running in less than 4 days is a horrible ROI.

[ucm_edge]

Most payroll process have relations with multiple banks. They have emergency credit revolvers in place. They are resilient to single point of failure. Rippling has shown it not.

[travisjungroth]

The bank died with payroll in flight. If they had alternates it would have been faster, but like Monday or Tuesday. 1-2 days instead of 4.

No payroll processor could have made payroll on time in this situation. If you overnight a letter from SF to NYC and the plane crashes on landing, the replacement letter is definitely going to be late.

[danenania]

Well, everyone supposedly has a plan until they get punched in the nose. I'm skeptical that any payroll provider would be fully resilient to their primary bank failing. They'd need to have a 100% reserve in a secondary account and have instant failover logic in place to update payment flows for all customers. Doesn't sound likely.

[borissk]

Used to work for a big payroll provider - eventually they bought their own bank.