Kittrell Paycard Launches On-Demand Pay Feature to Improve Worksite Productivity and Reduce Employee Financial Stress

InstantWage™ allows employees to instantly* access their earned wages so they aren’t forced to turn to predatory lending products when they are short on cash.

Metadata
Provider: 
PRWebPRWeb
URL: 
http://www.prweb.com/releases/2018/03/prweb15367539.htmhttp://www.prweb.com/releases/2018/03/prweb15367539.htm
Retrieved on: 
Wednesday, March 28, 2018
Information
Tags: 
Employment compensation, Expense, Payroll
Summary
Key Points: 
  • Kittrell Paycard, a leading provider of prepaid payroll cards to the staffing industry, announced it has added a new on-demand pay feature to its payroll cards called InstantWage.
  • InstantWage is a powerful tool to improve the long-term financial wellness of cardholders while at the same time helping our staffing clients increase worksite productivity and employee retention.
  • In 2015, consumers spent $141 billion in fees and interest on these types of financial services according to research from the Center for Financial Services Innovation.
  • Employers are also suffering from the costs associated with employee financial stress.