The payments FinTech InComm Payments announced on Tuesday (July 20) that it is investing in Instant Financial, a company that provides fee-free earned wage access (EWA) solutions. Instant helps employees access part of their wages immediately following their shifts by tapping their smartphone. InComm did...
With a 132 percent annual turnover rate, at a cost of $2,000 per worker, employee retention is no small problem for quick-service restaurants (QSRs). On-demand access to payroll and tips could turn the tide, says Instant Financial Co-Founder and CEO Steve Barha. Here’s how real-time...
The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own...
For decades, businesses have continued the tradition of monthly or bi-weekly paydays. Even as payments accelerate, as FinTech advances and as cash flow management solutions become more sophisticated, employers continue to adhere to the every-other-week paycheck. Today, this payroll schedule means an estimated 70 percent...
March 19, 2024
Earned wage access firm Instant Financial released a new mobile app and updated mobile wallet. “Understanding that over 50% of Americans would likely avoid major financial pitfalls if they could instantly access a portion of their pay after every day’s work, the new Instant mobile app is narrowing this financial gap by placing financial empowerment directly into the hands […]
July 20, 2021
The payments FinTech InComm Payments announced on Tuesday (July 20) that it is investing in Instant Financial, a company that provides fee-free earned wage access (EWA) solutions. Instant helps employees...
