On The Web

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Domains

California to Regulate Early Wage Access Firms Under Landmark Agreements

January 29 2021

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• Income

“Five companies in the early wage access industry have reached landmark agreements with California regulators that will govern their operations in the nation’s largest state. The voluntary pacts give the firms, which to date have been largely unregulated, greater certainty about their ability to offer products to the state’s nearly 40 million residents. In exchange, […]

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Deals

Entertainment Payroll Startup Wrapbook Raises $27M Round Led by A16Z

March 9 2021

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• Income

“Wrapbook , a startup that simplifies the payroll process for TV, film and commercial productions, has raised $27 million in Series A funding from noteworthy names in both the tech and entertainment worlds.”

On The Wires

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Domains

Introducing Plaid Income: Delivering Easier and Faster Income Verification | Plaid

March 4 2021

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“At Plaid, we believe payroll data is the next frontier in fintech and open finance. Access to payroll data has tremendous potential to expand financial opportunity and help people lead healthier financial lives.  As a first step toward providing that access, we previously introduced Deposit Switch , the first beta product in our Plaid for […]

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Domains

Hancock Whitney Bank Offers PayActiv EWA Program to Business Clients

March 4 2021

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“PayActiv, the only EWA Program to receive an Approval Order from the Consumer Financial Protection Board (CFPB), welcomes Hancock Whitney, the first bank to offer PayActiv’s financial wellness solution to its bank clients. Starting immediately, Hancock Whitney will include PayActiv as an additional banking solution for its business clients.”

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Domains

DailyPay Expands Platform: Announces Integration Offering For Human Capital Management And Payroll Industries

March 2 2021

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“DailyPay , the recognized gold standard in the on-demand pay industry, today announced the launch of a game-changing new product, ExtendPX , for human capital management (HCM) and payroll service providers. ExtendPX moves DailyPay beyond their traditional On-Demand Pay (ODP) business offering. The announcement of ExtendPX will enable every Payroll, HCM and TMS (Time Management Software) […]

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Companies

Visa and ADP Unveil Flexible Digital Payment Options to Serve U.S. Workforce

February 18 2021

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• Visa

“As COVID-19 continues to accelerate the shift to digital, more businesses and individuals are now operating in an on-demand world, driven by flexibility, convenience and speed. Digital payments play a critical role in this movement, particularly with regards to work, as employers look for optimized ways to conduct their business and employees look to get […]

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Domains

Clair Launches Mastercard Debit Card to Provide Free Wage Advances to Hourly Workers

February 10 2021

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“Clair , a social impact embedded fintech startup transforming how hourly employees get paid, today announced a partnership with Mastercard to provide financial wellness for America’s 82 million non-exempt workers , building on the two companies’ shared mission to foster a more inclusive digital economy. Starting immediately, users who sign up for Clair will receive […]

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Domains

Introducing Plaid Deposit Switch: Automating Account Funding | Plaid

January 28 2021

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“More financial platforms exist than ever before to help consumers take control of their financial health. However, it can still be difficult for consumers to direct where their payroll funds go when choosing services that best fit their financial needs. Changing where direct deposits go is usually a manual and time-consuming process for both financial […]

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Deals

Payroll Infrastructure Startup Check Announces Its Public Launch With $35 Million Series B Investment From Stripe and Thrive

January 27 2021

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“Check , a first-of-its-kind payroll infrastructure startup whose mission is to make paying people simple, announced its public launch today with $35 million in Series B funding from Stripe and Thrive Capital.”

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Domains

2021 Ushers In One Of The Biggest Innovations For The Payroll Industry: DailyPay’s Off-Cycle Payroll Solution

January 26 2021

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“Over the last six years, DailyPay has revolutionized the way Americans are paid. Now, DailyPay is leveraging its on-demand pay technology to give payroll professionals a game-changing product that is revolutionizing the payroll industry, CYCLE , which will save employers and employees millions of dollars each year. After a year of piloting this product with […]