wages

Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators

Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators
Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators
February 09, 2024  |  Payroll

The debate between regulators and FinTechs over the state of earned wage access (EWA) innovations looks set to heat up through the next several months....

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Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
February 06, 2024  |  Cross-border Payments

Papaya Global will use a Super Bowl commercial to showcase the launch of its artificial intelligence (AI)-powered platform for executing worker payments. The new workforce payments platform provides...

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Lyft Guarantees Rideshare Drivers 70% or More of Fare
Lyft Guarantees Rideshare Drivers 70% or More of Fare
February 06, 2024  |  Ridesharing

Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release. The rideshare platform’s latest release addresses key...

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Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
February 06, 2024  |  Consumer Finance

The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. And the burden is felt keenly...

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70% of Consumers Opt for Instant Merchant Refunds If Given the Choice
70% of Consumers Opt for Instant Merchant Refunds If Given the Choice
February 05, 2024  |  Disbursements

For most American consumers, disbursements — which include earnings and income payments, Social Security payments, tax refunds, insurance claim payouts and loan disbursements — remain...

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Nearly Half of Credit Users Expect Higher Interest Rates in 2024
Nearly Half of Credit Users Expect Higher Interest Rates in 2024
February 03, 2024  |  Consumer Finance

It seems United States consumers expect little reprieve from inflation-fueled rising prices of goods and services moving into 2024. Although consumers report feeling somewhat better...

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Consumer Sentiment Improves 13% to Reach Highest Level Since July 2021
Consumer Sentiment Improves 13% to Reach Highest Level Since July 2021
February 02, 2024  |  Economy

Consumer sentiment has reached its highest level since July 2021, with consumers expecting improvements in both inflation and personal incomes. The index reached this level...

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Private Sector Hiring and Pay Increases Slow in January
Private Sector Hiring and Pay Increases Slow in January
January 31, 2024  |  Economy

Hiring and pay increases in the private sector slowed in January. The private sector added 107,000 jobs during the month, and annual pay increased by...

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