Payment frictions — from slow payments to non-payments — can easily sour relationships between freelancers and employers. But while gig workers want prompt payments, employers expect assurances that deliverables are being met. In the May Disbursements Tracker™, StratusCore CEO Denise Muyco discusses how a blockchain-based...
Whether it’s a full-time employee waiting for a regular paycheck, a gig worker expecting to be paid in short order or a borrower seeking a loan, payment frictions can be a roadblock to financial stability. And, if they aren’t cleared seamlessly, these hurdles can cause...
Can financial incentives boost workforce production and help employees pursue healthier lifestyles? The new Disbursement Tracker includes a Deep Dive that looks at the growing employee wellness program market and how disbursement tools are being used to encourage healthier living.
Companies will spend roughly $13 billion on employee wellness programs by 2023 to combat soaring healthcare costs and improve workforce productivity. In the latest edition of the Disbursements Tracker, iRewardHealth CEO Rick McCartney tells PYMNTS that closing that gap more quickly comes down to using...
In the workforce, speed is an issue close to employees’ hearts. How quickly workers get paid can not only affect their satisfaction with their day-to-day job, but also plays a large role in motivating them to remain in their roles. And employers are learning...
There are many ways to quickly hail a ride through platforms such as Uber — or have a freelancer complete a task through Fiverr. But payments for gig workers can be a completely different story. Gig workers aren’t getting paid as quickly as they have been...
Consumers can pay in real time, Lisa McFarland, EVP and Chief Product Officer for Ingo Money - but when it is time for consumers to get paid by a lender or insurance company? Customers can still expect to see a check more often than they...
Cash back programs are nothing new for financial institutions (FIs), but the banking industry may be well-served to take a few cues from the masters of rewards: retailers. Several major banks and FIs — including Bank of America, Discover and Wells Fargo, among others —...
The role of gig workers in the economy is growing. Could that growth signal the end of the paper check as a payment method for worker earnings? For the majority of gig workers, waiting to be paid is an all too common problem, and one...
