Tagged: ewa

Earned Wage Access Fintech DailyPay Reportedly Secures Additional $100 Million Credit Commitment from Citi

DailyPay, Inc., a worktech company and provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi. The commitment doubles Citi’s commitment from $100 million to $200 million. DailyPay‘s total revolving secured debt… Read More

EWA Provider XTM Launches Global Workers Payout Program

This week, XTM launched a Global Workers Payout Program called PayNow. XTM is a provider of payment solutions, including tipping-payout and certified earned wage access (EWA) through QRails AnyDay. The new program empowers temporary workers to open a secure digital bank account to receive earnings,… Read More

Earned Wage Access Fintech DailyPay Teams Up with Montage International

DailyPay is pleased to announce a new partnership with Montage International, the ultra-luxury hospitality management company headquartered in Southern California. DailyPay is a worktech company and the “provider of earned wage access in support of its partner employees’ financial wellness.” With DailyPay, Montage International team… Read More

Verge Mobile Marks Five Year Partnership with Worktech DailyPay, an Earned Wage Access Provider

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Verge Mobile, a T-Mobile partner, marks five years of partnership with DailyPay – a worktech company and provider of earned wage access. Dedicated to providing its employees with the best workplace experience, Verge Mobile had reportedly “implemented DailyPay’s financial wellness benefit in August 2019.” Operating… Read More

Chime Enterprise Chief Jason Lee: CFPB’s EWA Announcement Accelerating the Inevitable

While the Consumer Financial Protection Bureau’s (CFPB) recent interpretive rule on earned wage access (EWA) products has generated plenty of interest, Jason Lee believes history will view it as a small, but inevitable step towards its logical conclusion – zero-fee products. Lee is the founder… Read More

For Marqeta, Accelerated Wage Access (AWA) is Part of a Much Bigger Play

The evolution of Earned Wage Access, or, in Marqeta’s (NASDAQ: MQ) case, Accelerated Wage Access (AWA), is part of a larger opportunity for employers to provide more efficient financial services to people they know better than most lenders – their employees. Chief revenue officer Todd… Read More

Earned Wage Access Ranks as Critical Component of Employers’ Financial Wellness Benefits Offering – DailyPay Research

As inflation remains stubbornly high, research shows millions of working Americans still live paycheck to paycheck, with little or no money to adequately save for the future or cover an untimely expense. Fortunately, many employers are “embracing new high-impact financial wellness benefits to help team… Read More

Earned Wage Access Fintech Clair Partners with Payroll and HR Focused Service Provider Gusto

Clair, the fintech company offering free Earned Wage Advances (EWA) originated by a national bank, announced a partnership with Gusto, an integrated, all-in-one software platform that automates and simplifies company payroll, benefits, and HR. Through this collaboration, Clair and Gusto are said to be breaking… Read More

Fintech DailyPay and Carahsoft to Bring Earned Wage Access Platform to Public Sector

DailyPay, a Worktech company in the earned wage access (EWA) sector, and Carahsoft Technology Corp., a government IT Solutions Provider, announced a partnership to bring earned wage access to the Public Sector. Under the agreement, Carahsoft will serve “as DailyPay’s Master Government Aggregator, making the… Read More

Earned Wage Access: Retail Merchandising Servicing Marks One Year with DailyPay, Providing Workers with EWA Benefits

Retail Merchandising Servicing (RMS), a retail merchandising provider, celebrates one year with DailyPay–a worktech company and leader in earned wage access (EWA) to empower employees with choice and control over their pay. Headquartered in Brooklyn Park, Minnesota, RMS is said to be a preferred partner… Read More

Earned Wage Access Fintech DailyPay Receives Level 2 Certification based on Security Requirements of TX-RAMP

DailyPay, a worktech company, announced that its industry-leading earned wage access solution that supports the financial wellness of millions of workers nationwide has received Level 2 Certification based on the security requirements of the Texas Risk and Authorization Management Program (TX-RAMP). As part of the… Read More

DailyPay Comments on Key Milestone: South Carolina Implements Earned Wage Access (EWA) Law

DailyPay, a worktech company and the leading provider of earned wage access, celebrates a significant milestone as South Carolina Governor Henry McMaster signed Senate Bill 700 into law on May 21, 2024. This legislation received bipartisan support and “created a new license for earned wage… Read More

Consumer Fintech Chime Introduces Earned Wage Access (EWA) Feature

Chime, provider of a banking app, is announcing MyPay, a new offering that will aim to transform how everyday people access their pay in America. MyPay, Chime’s innovation, lets eligible members “access up to $500 of their pay, including government benefits, before payday with no… Read More

Fintech ABHI, a MENA Region and Pakistan based Earned Wage Access Provider, Enters New Partnership

Alraedah Digital Solutions, a technology company and the innovation arm of Alraedah Digital Group, is pleased to announce a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. The collaboration marks a significant milestone in Alraedah’s commitment “to fostering… Read More

Nico Simko, CEO at Fintech Clair, Shares Perspective on Earned Wage Access (EWA) Adoption

As Wisconsin becomes the latest state to regulate Earned Wage Access (EWA) services, we connected with Nico Simko, founder and CEO of on-demand pay app Clair, to discuss the ever-changing EWA landscape, the impact of local state government’s efforts to protect consumers, and more. Nico… Read More

American Fintech Council Endorses South Carolina Earned Wage Access Legislation

The American Fintech Council (AFC), an industry association representing Fintech companies, including the largest earned wage access (EWA) providers, has joined with members in a letter to the South Carolina House Committee on Labor, Commerce and Industry endorsing legislation to regulate the burgeoning financial service… Read More

Earned Wage Access Fintech DailyPay Teams Up with AmeriBest Home Care

AmeriBest Home Care, a Philadelphia-based home care business, has partnered with DailyPay – a worktech company and leader in earned wage access. Bob Kane, AmeriBest’s Chief Operating Officer, said: “At AmeriBest, providing exceptional care to our clients is paramount. We accomplish that with an exceptional… Read More

Earned Wage Access Fintech DailyPay Survey: Gen Z Hourly Workers Increasingly Prefer On-Demand Pay Options

Most Gen Z hourly workers are fond of their current job, with 73% citing they like or love it according to a recent survey conducted online by The Harris Poll, commissioned by DailyPay. Still, their financial security is the driving force “for getting the majority… Read More

Wagestream, an Earned Wage Access Fintech, Welcomed to American Fintech Council

The American Fintech Council (AFC), an industry association representing Fintech companies and banks, this week announced that financial benefits platform Wagestream has become its newest member. “Wagestream has done a phenomenal job of scaling its financial wellbeing approach to span multiple different benefits for workers,… Read More

American Fintech Council Testifies in Rhode Island, New York on Consumer Financial Services

The American Fintech Council (AFC), an industry association representing fintech companies and banks, delivered testimony before the Rhode Island Senate Committee on Commerce and Policy and the D.C. Council Business and Economic Development Committee opposing recently introduced legislation. Phil Goldfeder, AFC CEO and former member… Read More

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