5 ms·

Who will be liable? The employer? Rippling?

JumpCrisscross 4y ago
> Who will be liable? The employer? Rippling? To the employee, the employer. To the employer, Rippling. It's wild that, as a payment processor, they didn't have redundant rails.
- piperswe 4y ago
  It's hard to make 100% timeliness guarantees when the courier that's carrying money from one place to another dies on its way. How would they have a redundant courier?
  - JumpCrisscross 4y ago
    > would they have a redundant courier? Two or more banks. Process through both on a regular basis. Switch if something goes wrong.
    - s1artibartfast 4y ago
      That seems like a reasonable precaution, but it doesn't seem clear that would have helped much in this case. SV bank had the funds this morning and says the paychecks are going out, FDIC comes in at noon Rippling heard that checks haven't gone out in the afternoon, and now JPMorgan has the info and is overnight processing.
  - deleted 4y ago
    [deleted]
  - travisjungroth 4y ago
    This wouldn’t work in reality, but the only thing I can think of that would work in theory is to send the money close but not all the way at 3x delivery time. Like, to their bank but they don’t give the money to the customer until payday. If it fails, you have time to resend. You can’t just deliver early because that becomes the expectation (ie we get paid on Tuesday). Again, not suggesting this is reality.
- tedunangst 4y ago
  It takes a certain amount of time to confirm it went off rails in the first place, no? They're not going to make every payment twice from two different banks and then reverse one after confirming delivery.
ummonk 4y ago
No one's going to be liable for a paycheck that's late by a few days due to the collapse of the bank through which the paycheck was being wired.
- Scoundreller 4y ago
  Trick is to be first in the queue, whether that be first in filing for a missed paycheque (because it may not be the last missed), withdrawing funds first from a failing bank, or by regularly processing your payroll before a Friday when everyone else tries to. Not sure why everyone sticks to payroll on Fridays. It’s not the early/mid 1900s where you have to worry about workers going on payday benders.

> Who will be liable? The employer? Rippling? To the employee, the employer. To the employer, Rippling. It's wild that, as a payment processor, they didn't have redundant rails.

piperswe 4y ago
It's hard to make 100% timeliness guarantees when the courier that's carrying money from one place to another dies on its way. How would they have a redundant courier?
- JumpCrisscross 4y ago
  > would they have a redundant courier? Two or more banks. Process through both on a regular basis. Switch if something goes wrong.
  - s1artibartfast 4y ago
    That seems like a reasonable precaution, but it doesn't seem clear that would have helped much in this case. SV bank had the funds this morning and says the paychecks are going out, FDIC comes in at noon Rippling heard that checks haven't gone out in the afternoon, and now JPMorgan has the info and is overnight processing.
- deleted 4y ago
  [deleted]
- travisjungroth 4y ago
  This wouldn’t work in reality, but the only thing I can think of that would work in theory is to send the money close but not all the way at 3x delivery time. Like, to their bank but they don’t give the money to the customer until payday. If it fails, you have time to resend. You can’t just deliver early because that becomes the expectation (ie we get paid on Tuesday). Again, not suggesting this is reality.
tedunangst 4y ago
It takes a certain amount of time to confirm it went off rails in the first place, no? They're not going to make every payment twice from two different banks and then reverse one after confirming delivery.

ummonk 4y ago

No one's going to be liable for a paycheck that's late by a few days due to the collapse of the bank through which the paycheck was being wired.

Scoundreller 4y ago
Trick is to be first in the queue, whether that be first in filing for a missed paycheque (because it may not be the last missed), withdrawing funds first from a failing bank, or by regularly processing your payroll before a Friday when everyone else tries to. Not sure why everyone sticks to payroll on Fridays. It’s not the early/mid 1900s where you have to worry about workers going on payday benders.