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PayPal's U.S. employees will gain access to their compensation as soon as they earn it through an agreement the company made with Even Responsible Finance.November 17
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A cloud-based system makes it easier to communicate with staff on matters outside of payroll, says OnPay's Katelyn Sullivan.September 24Head of partner developmentOnPay
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In the face of the current pandemic, what was a growing trend became a necessity for many businesses as shelter-in-place orders changed how they operate day to day, says OnPay's Katelyn Sullivan.September 17Head of partner developmentOnPay
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Immediate will use Visa Direct to provide real-time access for employees to collect earned, but not yet paid wages before scheduled payday.September 16
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A variety of new tools and strategies are emerging to manage payroll, billing, balances and cash management, says Bank of America's Karen Ly.August 31Head of global liquidity specialists in global transaction servicesBank of America
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While anyone can lose employment during a pandemic or recession, below a certain threshold it becomes more likely that workers could lose their income — and thus default on credit card payments.August 18
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Schools are still figuring out how they will open this fall, with some districts providing online education while others try a hybrid approach of online and in-person instruction. This complicated structure also upends how schools handle fees and payments.August 10
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As the age of clocking in and out of the office gives way to the gig economy and remote employment opportunities, workers have new expectations around the way they will be paid.July 9LeadNGA Human Resources, an Alight company
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The coronavirus-induced recession has broadened the addressable market for early wage access, and that's drawing investors such as PayPal and Salesforce CEO Marc Benioff, who just poured a fresh funding round into Even.June 18
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While most companies that offer early access to wages sell to employers, Earnin is providing direct access to workers in an attempt to mitigate overdrafts and subsequent bank charges.June 17