Fiserv-Payactiv partnership is an important milestone in the Payactiv journey to provide instant, affordable financial services at scale. Payactiv utilizes Digital Disbursements from Fiserv to enable users to move money in real time to a U.S. checking or savings account via a direct push to their card account. Through Visa Direct users can move money to their bank accounts in near real time, usually in minutes.
“With the rise of the gig economy and new ways of working, people increasingly expect to be able to access their pay right away,” said Tom Allanson, president, Electronic Payments, Fiserv. “Payactiv is enabling employers to meet that expectation.”
Timely access to pay addresses the needs of any worker, including gig and hourly workers, who can benefit significantly from the ability to move money when and where it is needed, even at 3 a.m. Whether it be rain or shine, night or day, Payactiv provides employees with instant, stress-free, access to their earned wages.
Payactiv users can transfer funds directly to a bank account or prepaid card, pay unlimited online bills, or pick up cash at a Walmart location. The Payactiv app also includes access to financial counseling, literacy, and a savings tool that encourages long-term financial wellness.
With each successive partnership, Payactiv reduces the crippling impact of time on hourly workers financial wellness and provides them with an umbrella of support.
For us, it’s more than a paycheck — it’s peace of mind.
Over half of North American employees are more stressed about their finances...
* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
** Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payctiv App.
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