Tagged: ewa

March 25, 2024 @ 2:54 pm By Omar Faridi  |  

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

March 23, 2024 @ 8:10 am By Tony Zerucha  |  

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

March 18, 2024 @ 8:44 am By Tony Zerucha  |  

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

February 21, 2024 @ 9:58 pm By Omar Faridi  |  

HealthCARE of Iowa, a professional consulting partner with over 80 years of combined experience in providing consulting services for Senior Living environments, has partnered with DailyPay – the on-demand pay solution. Through this partnership, HealthCARE of Iowa is “modernizing its benefits offerings by providing the… Read More

February 9, 2024 @ 4:23 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an association representing Fintech companies, has requested that the Consumer Protection Financial Bureau (CFPB) immediately convene relevant stakeholders for a comprehensive conversation on EWA products and consideration of formal rulemaking. “Director Chopra and the CFPB have been thoughtful partners and… Read More

February 6, 2024 @ 8:40 am By Omar Faridi  |  

DailyPay has chosen Northern Ireland for its expansion outside the United States in a key investment that is reportedly creating 293 new roles. The Fintech claims it is an industry leader focused on on-demand pay technology that empowers workers with greater choice and more control/flexibility… Read More

January 15, 2024 @ 4:13 pm By Tony Zerucha  |  

This past week the American Fintech Council testified before the Washington State House Committee on Consumer Protection and Business, recommending amendments to proposed legislation. CEO Phil Goldfeder, a former member of the New York State Assembly, appeared in Olympia to urge legislators to amend legislation… Read More

December 6, 2023 @ 10:09 pm By Omar Faridi  |  

Two-thirds (66%) of quick-service and fast-casual restaurant industry employees are at least somewhat stressed about their finances, according to a new independent study conducted by YouGov, commissioned by DailyPay. The research, which surveyed quick service restaurant (QSR) and fast-casual restaurant employees, indicates “that the majority… Read More

December 3, 2023 @ 3:28 pm By Tony Zerucha  |  

The American Fintech Council (AFC), an industry association representing fintech companies and banks, released policy and regulatory standards for fintech companies offering earned wage access (EWA) products this week. The AFC also announced support for federal EWA legislation introduced by Rep. Bryan Steil. AFC CEO… Read More

November 11, 2023 @ 1:22 pm By Omar Faridi  |  

Instant Financial, the firm focused on the responsible on-demand pay solutions, partnered with HR Dive’s studioID to find out how companies perceive and use earned wage access (EWA) as a benefit to attract, retain and engage employees. The research study found that while many employers… Read More

October 10, 2023 @ 8:39 pm By Omar Faridi  |  

Instant Financial, a supporter of earned wage access (EWA), electronic tips and paycard solutions, announced the first phase of upgrades to its comprehensive employee payments platform. This initial release of updates includes “the launch of a new mobile app and the introduction of mobile wallet… Read More

September 25, 2023 @ 2:43 pm By Omar Faridi  |  

DailyPay, a Fintech focused on earned wage access, and a member of Oracle Partner Network (OPN), announced it is available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM). Oracle Cloud Marketplace is described as “a centralized repository… Read More

September 22, 2023 @ 11:04 am By Omar Faridi  |  

BMO is partnering with DailyPay to provide earned wage access to employees of BMO’s commercial clients, providing real-time access to their wages as they earn them with the funds deposited in their direct-deposit account and available to them for immediate use. Andrew Harrison, Head of… Read More

July 31, 2023 @ 8:19 am By Omar Faridi  |  

Immediate, an earned wage access company, announced a $16 million round of funding. These funds, split between growth equity and a working capital facility, will “enable Immediate to accelerate its growth trajectory in the workplace financial health sector.” Immediate explains that it “solves liquidity challenges… Read More

January 21, 2023 @ 1:35 pm By Omar Faridi  |  

Instant Financial, the pioneer of fee-free, responsible earned wage access (EWA) solutions, unveiled its new website, brand positioning and card design to reflect the company’s  leadership in on-demand pay. Since its founding in 2015, Instant has “built the most comprehensive, fee–free earned wage access platform… Read More

December 16, 2022 @ 10:27 am By Omar Faridi  |  

Instant Financial, which claims to be the “pioneer” of fee-free, responsible earned wage access (EWA) solutions that help employees take control of their financial wellness, announced that the company “reached several growth milestones in 2022, confirming the demand for on-demand pay and electronic tips solutions… Read More

December 11, 2022 @ 10:06 pm By Omar Faridi  |  

Earned Wage Access (EWA) service provider Paywatch has reportedly secured $9 million via a pre-Series A funding round that was led by existing investor Third Prime. The investment round also included contributions from Hana Ventures which is the venture division of Hana Financial Group in… Read More

October 5, 2021 @ 7:43 am By Omar Faridi  |  

A significant 92% of consumers given Earned Wage Access (EWA), a service that allows people to get paid as they earn, said that it helped them to settle bills on time, “avoid overdraft fees and payday loans, and become less dependent on credit cards –… Read More