OatFi & GigSafe Launch Early Pay for 1099 Contractors

GigSafe, the all-in-one workforce management platform for businesses that engage independent contractors, today announced a partnership with OatFi, the API-first fintech infrastructure company modernizing how B2B payments are made and received. Together, the companies are launching an Early Pay program designed to make immediate payouts to independent contractors while allowing businesses to extend payment terms. Through the partnership, businesses engaging 1099 workforces receive industry-standard payment terms while offering early payouts to contractors. GigSafe manages compliance,...

FedNow Raises Instant Payment Limit to $10 Million

Federal Reserve Financial Services will increase the FedNow Service network transaction limit from $1 million to $10 million in response to growing commercial demand, effective November 2025. The increased limit will enable financial institutions and businesses to support higher-value use cases and reflects an increasing need for speed and certainty in the modern payments ecosystem. “Our second transaction limit increase this year reflects the growing demand for instant payments — as the benefits of immediate funds availability...

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