Gone are the days when financially constrained employees had to wait for the conventional two-week pay cycle to receive their wages. Nowadays, earned wage access (EWA), also referred to as early, instant, or on-demand pay, is rapidly gaining popularity, granting employees access to their earned wages before their...
Gone are the days when employees were content with waiting for the standard pay cycle to receive their hard-earned wages. Today’s workforce, whether grappling with the uncertainties of living paycheck to paycheck or navigating the gig economy, craves more flexibility and immediate access to their earnings, especially in...
Digital bank and FinTech firm Green Dot has announced a partnership with Dayforce to power its on-demand pay solution Dayforce Wallet. This collaboration will allow Green Dot to serve as the U.S. banking provider for Dayforce Wallet, providing a range of services to employers and employees, Green Dot said...
Is earned wage access (EWA) a useful tool for cash-strapped consumers? Or just payday lending going by another name? A report Sunday (Jan. 28) by CNBC examines the rising popularity of these programs, which let consumers access part of their ages in advance of payday, in some...
September 08, 2020
Unemployment remains stubbornly high, yet pockets of resilience emerge. The financial services industry saw 21,000 positions added in July. Yet, while financial institutions (FIs) have primarily avoided large scale layoffs and furloughs, many FI employees still feel the job-related impact of the coronavirus — for example, through spouses or family members who have lost their […]
April 26, 2017
Turnover in certain industries — think fast food firms and cleaning services — can reach a few hundred percent annually. And that can cost firms thousands of dollars per (new) employee. What...
September 09, 2024
Earned wage access company DailyPay is rebranding its prepaid Visa card. The card, previously known as the “Friday by DailyPay Visa Prepaid Card,” will now be known as the “DailyPay Visa Prepaid Card,” and come with added capabilities to the company’s suite of money movement services. The card “will remain a general purpose reloadable (GPR) card with an app […]
February 21, 2024
Digital bank and FinTech firm Green Dot has announced a partnership with Dayforce to power its on-demand pay solution Dayforce Wallet. This collaboration will allow Green Dot to serve as the U.S. banking provider...
January 28, 2024
Is earned wage access (EWA) a useful tool for cash-strapped consumers? Or just payday lending going by another name? A report Sunday (Jan. 28) by CNBC examines the rising popularity of these...
January 18, 2024
On-demand pay company DailyPay has secured $175 million in funding, resulting in a 75% increase in the company’s valuation to $1.75 billion. This funding includes a $75 million equity round...
