With 90 percent of diners at full-service restaurants paying with cards, cash ends up in short supply when waitstaff want to cash out at shift’s end. For a tip-dependent workforce, that’s a dead plate. In the new Disbursements Tracker, Brian Hassan and Justin Roberts, co-founders...
Traditional payment practices are rapidly being retired as faster disbursement solutions become available. From the gig economy to small businesses (SMBs) and the restaurant industry, workers and business owners alike have clearly gotten a taste for instant payments, and have little appetite for going back...
P2P services like Venmo and Zelle enable users to quickly transfer funds via their smartphones, and the speed and convenience they offer could be creating dissatisfaction among workers paid differently who want faster wage access. The following Deep Dive outlines how fast-acting P2P services are...
For the two-thirds of the U.S. population living paycheck to paycheck, the two-week wait can feel like an eternity. Yet, according to Mark Wes, head of risk, payments and compliance for payroll solutions provider Gusto, instant payments can be key to both helping employees tackle...
The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. Demand for instant payments is also increasing in the workforce, and has the potential to change how workers view concepts like payday. The new Disbursements Tracker™...
To help provide employees with improved financial well-being, DailyPay tapped into Fiserv’s Digital Disbursements offering to allow workers access to their earned, but unpaid, wages. The solution sends these funds quickly and securely through multiple methods instantly, the same day or the next day, according...
A series of natural disasters — including hurricanes, wildfires and winter storms — caused approximately $91 billion in damage across the U.S. last year. The following Deep Dive outlines the types of losses caused by these events, and how government agencies like FEMA can use...
Whether its receiving loans from their financial institutions (FIs), getting rebates from merchants or receiving on-demand payments, consumers want more options in how they receive their disbursements. A growing share now prefer push payments into their bank accounts, and more direct-to-bank payments, according to the...
Millions of Americans move each year, fueling an industry worth roughly $18 billion. Yet, haggling with movers over cash payments is still an all-too-common practice, says Alani Kuye, CEO of on-demand moving platform Phlatbed. In the new Disbursements Tracker, Kuye discusses how disbursements and digital...
