Paychex, Inc. (PAYX), Thursday announced a new partnership with PayPal Holdings, Inc. (PYPL), offering employees of Paychex customers the ability to easily set up PayPal Direct Deposit, providing up to two-day early access to their paychecks.
With this partnership, the company expects to provide an alternative solution for employees of its clients to establish direct deposit connection to either an existing or new PayPal account facilitates effortless access to their compensation.
Additionally, the collaboration will offer access to full PayPal product suite, and enhanced financial flexibility to employees who enroll in PayPal Direct Deposit.
In the pre-market hours, PAYX is trading at $111.02, down 0.55 percent on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.