Payroll payments

The bank is working with DailyPay and The Clearing House's RTP network to bring a smidge more speed — and certainty — to earned-wage access payments.

COVID-19 economic pressures have pushed more adults living paycheck-to-paycheck to want their income early, calling into question the value of decades-old payroll practices — and highlighting disparities along economic, racial and gender lines.

Michael Moeser, senior analyst at PaymentsSource, talks to Atif Siddiqi, Founder and CEO of Branch, about the future of providing faster access to earned wages.

DailyPay has raised $500 million and is adding Carrick Capital Partners to its board of directors as it seeks to expand beyond earned wage access.

Fiserv is joining the increasingly crowded market for earned wage access in partnership with Instant Financial.

Comdata has launched Fintwist OnDemand to provide instant earned wage access services to working adults amid an increasingly crowded market for faster payroll payments.

Earned wage access provider Even has surpassed $2.5 billion in lifetime payment volume for instant, on-demand wages to employees of hundreds of companies, including Walmart and PayPal.

About half of U.S. workers received an unexpected financial expense each month for 12 months overlapping most of the COVID-19 pandemic, with many resorting to bouncing checks or payday loans to cover the costs.

Mastercard and MetaBank are helping the earned wage access provider Clair overhaul its technology platform and service offering.

Mastercard is helping earned wage access provider Clair overhaul its technology platform and service offering.