What if hourly workers could access their already-earned wages in between the regular pay cycle? This is known as Earned Wage Access (EWA). Visa works with Earned Wage Access technology providers like PayActiv, other merchants, and payroll companies to integrate this solution. Employees can download an app to access and transfer earned wages instantly to their bank account using Visa Direct, Visa’s real-time push payments platform.
According to PayActiv data, because of the COVID-19 crisis, 82% of hourly workers are now saying that loss of income is their greatest concern.
A persistently tight labor market and continually shrinking workforce mean...
In this segment of The Compassionate Capitalist Show™, Karen Rands is joined...
* 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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