wages

Instant Financial Debuts App for Faster Earned Wage Access
Instant Financial Debuts App for Faster Earned Wage Access
March 19, 2024  |  Faster Payments

Earned wage access firm Instant Financial released a new mobile app and updated mobile wallet. “Understanding that over 50% of Americans would likely avoid major financial pitfalls...

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Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
March 15, 2024  |  Ridesharing

Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of...

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Consumers’ Near-Term Inflation Concerns Remain Steady
Consumers’ Near-Term Inflation Concerns Remain Steady
March 11, 2024  |  Economy

Consumers have a stable short-term inflation outlook but a cautious view for the medium to long term. While near-term inflation expectations are steady at 3.0%,...

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DailyPay Adds Visa+ to Facilitate Person-to-Person Payments
DailyPay Adds Visa+ to Facilitate Person-to-Person Payments
March 06, 2024  |  Partnerships

DailyPay has joined forces with Visa+ to offer millions of its users a more interoperable and efficient means to manage their earnings. For DailyPay users,...

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As GDP Growth Decelerates, All Eyes Are on Consumer Spending
As GDP Growth Decelerates, All Eyes Are on Consumer Spending
February 28, 2024  |  Economy

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...

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Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
Bad Financial Management Habits Lead 30% of Affluent Consumers to Live Paycheck to Paycheck
February 27, 2024  |  Consumer Finance

The prices of goods and services will continue to weigh on U.S. consumers’ wallets in 2024. Most consumers still say they live paycheck to paycheck....

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Consumers Prefer Instant Payments, Federal Reserve and PYMNTS Data Show
Consumers Prefer Instant Payments, Federal Reserve and PYMNTS Data Show
February 16, 2024  |  Faster Payments

An official with the Atlanta Federal Reserve says findings from a 2023 Federal Reserve study confirm the growing appetite for instant payments. Claire Greene, payments...

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Inflation’s Still With Us as Food and Shelter Were Pricier in January 
Inflation’s Still With Us as Food and Shelter Were Pricier in January 
February 13, 2024  |  Economy

The latest data from the government on consumer prices indicates a bit of weary truth: Inflation’s settled in, seemingly for the long haul. The Bureau of...

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Fed Finds Consumers Optimistic About Credit but Not Inflation
Fed Finds Consumers Optimistic About Credit but Not Inflation
February 12, 2024  |  Economy

U.S. consumers are feeling more optimistic about their financial conditions and access to credit. That’s according to the January 2024 Survey of Consumer Expectations, released Monday...

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