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Payments News

On The Web

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Domains

Taking Cue From Fintechs, Banks Warm to Early Direct Deposit

June 8 2021

“A small number of banks have begun offering early direct deposit — a move that will cost them revenue in the short run but could help them preserve market share and strengthen their public image over the long term. This service, which is sometimes called early pay, lets customers access their paycheck a day or […]
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Domains

Branch, an Employer Payments Platform, and Card Issuance Platform Marqeta Share Latest on Payments Preferences for Gig Workers

April 28 2021

“Branch, an Employer Payments Platform, and global card issuing platform Marqeta have shared the findings from a study on the work and payments “preferences” of gig workers. Surveying more than 1,000 workers who began engaging in gig and 1099 work during the past six months, the Branch x Marqeta Gig Payments Report reveals that “driven by the pandemic, 85% […]
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On The Wires

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Domains

New payment tool for flexible workers in the gig economy

June 14 2021

“ABN AMRO is introducing a new instant payment service that makes it easier for flexible workers to decide themselves when their invoice is paid once the work is done. This shortens the time between when the work is delivered and payment for their services from a number of weeks to one second. Freelancers have complete […]
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Deals

Clair Closes $15M Series A Led by Thrive Capital

June 10 2021

“Clair, a social impact, embedded fintech startup transforming how America’s hourly workers get paid, today announced the close of a $15 million Series A funding round led by Thrive Capital , a firm that has been a part of building and investing in many of the top technology companies of the last decade. This brings […]
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Domains

Fiserv Enables Employers to Make Every Day Payday Via Money Network Payroll Cards

April 29 2021

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that businesses leveraging Money Network ® electronic payroll delivery services from Fiserv can provide employees early access to their wages. This increasingly in-demand benefit, known as earned wage access (EWA), is being made available through Money Network prepaid payroll […]
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Domains

Comdata Introduces Fintwist® OnDemand Digital Payment Solution

April 21 2021

“Comdata, a leading provider of innovative payment solutions, announced the launch of Fintwist OnDemand, a real-time payment process incorporated into the company’s innovative Fintwist digital platform. Fintwist customers can now offer their employees access to earned wages before payday without changes to existing payroll processes.”