earned wage access

70% of US Consumers Feel Stressed About Personal Finances
70% of US Consumers Feel Stressed About Personal Finances
September 06, 2024  |  Faster Payments

In today’s competitive job market, traditional benefits like retirement plans and paid time off are falling short as workers demand immediate access to their earnings....

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Paychex Offers Earned Wage Access in New Employee Benefits Marketplace 
Paychex Offers Earned Wage Access in New Employee Benefits Marketplace 
August 21, 2024  |  Payroll

Human capital management software company Paychex has debuted an employee benefits marketplace. Paychex Flex Perks, announced Wednesday (Aug. 21), offers products including early access to...

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Will Earned Wage Access Unlock FedNow Sender Adoption?
Will Earned Wage Access Unlock FedNow Sender Adoption?
July 30, 2024  |  Faster Payments

One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock...

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CFPB Says Earned Wage Access Programs Are Consumer Loans
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024  |  CFPB

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. Fresh off its rulemaking...

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Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
June 27, 2024  |  Acquisitions

Chime has acquired Salt Labs to accelerate Chime’s growth through the employer channel. The resources of Salt Labs, an enterprise technology company whose flagship product is...

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DailyPay COO Stacy Greiner to Serve as Interim CEO
DailyPay COO Stacy Greiner to Serve as Interim CEO
May 28, 2024  |  Personnel

DailyPay CEO Kevin Coop will step down from that position to pursue other endeavors and serve as a board advisor for the company. The WorkTech...

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Chime to Add Earned Wage Access Offering to Banking App
Chime to Add Earned Wage Access Offering to Banking App
May 15, 2024  |  Digital Banking

Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and...

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Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
May 07, 2024  |  Earnings

Marqeta’s latest results and commentary showed momentum in the company’s transaction processing operations — and opportunity in nascent markets such as earned wage access.  CEO...

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Congress Advances Earned Wage Access Bill as Popularity Grows
Congress Advances Earned Wage Access Bill as Popularity Grows
April 18, 2024  |  Personal Finance

When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA)...

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