Instacart to pay $46.5 million to over 300,000 workers in settlement

Instacart storefront

The same day the Biden administration introduced a proposal to reclassify independent contractors as full-time employees, gig workers earned another big victory.

On Tuesday, Instacart settled a lawsuit with the city of San Diego and agreed to pay out $46.5 million to more than 300,000 current and former workers.

Filed in 2019, the suit alleged that the workers were misclassified as independent contractors. That ultimately held weight under the law with the passage of California’s Assembly Bill 5...

https://www.freightwaves.com/news/instacart-to-pay-465-million-to-over-300000-workers-in-settlement

HubTran is final piece for TriumphPay in buildout of a transportation payments network

TriumphPay is acquiring HubTran

TriumphPay plans to consolidate payment processes into a single, integrated platform for what CEO Jordan Graft said will be the first transportation payments network. To do that TriumphPay was missing one key element: a settlement process.

It is solving that piece of the puzzle through the acquisition of HubTran. TriumphPay, a division of Triumph Bancorp (NASDAQ: TBK), announced Wednesday after market close that it has entered into a definitive agreement to acquire HubTran, which provides...

https://s29755.pcdn.co/news/hubtran-is-final-piece-for-triumphpay-in-building-a-transportation-payments-network