Payday loan

Clair Launches Mastercard Debit Card to Provide Free Wage Advances to Hourly Workers

Retrieved on: 
Tuesday, February 9, 2021
Hardware, Data management, Consumer electronics, Technology, Human resources, Finance, Consulting, Small business, Banking, Accounting, Professional services, Software, Networks, Internet, Mobile, Wireless, Money, Finance, Economy, Debit cards, Credit cards, Debit MasterCard, MasterCard, Paycheck, Hourly worker, Payday loan, Financial services

View the full release here: https://www.businesswire.com/news/home/20210209005167/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210209005167/en/
    Hourly workers can use the Clair Debit Mastercard to access their free daily wage advances (Graphic: Business Wire)
    Starting immediately, users who sign up for Clair will receive the Clair Debit Mastercard, which hourly workers can use to access their free daily wage advances.
  • Instead of waiting two weeks for their paycheck or falling back on high-interest payday loans, workers can immediately use their Clair Debit Mastercard to pay for gas, groceries, or bills.
  • The partnership with Mastercard allows Clair to provide wage advances free of charge to both employers and employees.
  • Leveraging Mastercard technology, Clair plans to continue developing new financial products for the hard-to-reach hourly worker community.

PayDay Payroll Resources Announces Rebranding, Changes Name to PayDay Employer Solutions

Retrieved on: 
Tuesday, January 5, 2021
Money, Finance, Kosher food, PayDay, Payday: The Heist, Economy, Payroll, Payday loan

BELLMAWR,N.J., Jan. 5, 2021 /PRNewswire/ -- PayDay Payroll Resources, a boutique employer services provider, announced today that the company will now be known as PayDay Employer Solutions.

Key Points: 
  • BELLMAWR,N.J., Jan. 5, 2021 /PRNewswire/ -- PayDay Payroll Resources, a boutique employer services provider, announced today that the company will now be known as PayDay Employer Solutions.
  • Along with the name change, Payday unveiled a newly redesigned company logo and announced an expanded service offering.
  • "We are very excited about the introduction of our new company name, PayDay Employer Solutions, because it better represents that we are more than a payroll provider; we are a full solution," said Renee Deal, co-owner and president of operations.
  • PayDay Employer Solutions is a boutique payroll service with a concentration on small to medium size businesses.

 Cobra Payday Loans - the Specialist Lenders Offering Financial Aid to All

Retrieved on: 
Thursday, December 31, 2020
Banking, Professional services, Finance, Money, Finance, Economy, Loans, Credit, Payday loan, Credit history, Payday loans in the United Kingdom, Payday loans in the United States

Cobra Payday Loans have been serving those in distress for 20 years.

Key Points: 
  • Cobra Payday Loans have been serving those in distress for 20 years.
  • As long as the borrower is 18 years and above, they are eligible to apply for some fast cash.
  • Whether you have some history with bad credit or if you have an emergency, these specialist lenders have your back.
  • Cobra Payday Loans is a trading style of Ready Money Capital Limited.

U.S. Alternative Financial Services Market Analysis 2020 with In-depth Company Profiles of 19 Players including EZCorp, First Cash, QC Holdings, Western Union and More

Retrieved on: 
Monday, November 30, 2020
Money, Finance, Economy, Loans, Alternative financial service, Microfinance, Check Into Cash, Payday loan, Pawnbroker, Rent-to-own, ACE Cash Express, Financial services

Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.
  • This updated analysis examines the controversial "alternative financial services" sector - a $36 billion business comprised of fragmented and loosely regulated check cashing and money transfer services, payday loan services, pawn shops and rent-to-own stores.
  • Contains 19 in-depth company profiles (with financials) for:
    Purpose Financial (Advance America), Populus (ACE Cash Express), Check Into Cash, Check 'N Go,
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data.
  • Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

U.S. Alternative Financial Services Market Analysis 2020: A $36 Billion Business - ResearchAndMarkets.com

Retrieved on: 
Monday, November 23, 2020
Retail, Other Retail, Money, Finance, Economy, Loans, Alternative financial service, Microfinance, Check Into Cash, Payday loan, Pawnbroker, Rent-to-own, ACE Cash Express, Money Mart

Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • Alternative Financial Services Market: Check Cashing, Pawn Shops, Payday Loans, Rent-to-Own Stores & Money Transfer Services" report has been added to ResearchAndMarkets.com's offering.
  • This updated analysis examines the controversial "alternative financial services" sector - a $36 billion business comprised of fragmented and loosely regulated check cashing and money transfer services, payday loan services, pawn shops and rent-to-own stores.
  • There are about 12,000 check cashing stores, 14,000 payday loan outlets, 800,000 money transfer agents, 11,000 pawn shops and 10,000 rent-to-own stores competing for this business today.
  • Contains 19 in-depth company profiles (with financials) for:
    Purpose Financial (Advance America), Populus (ACE Cash Express), Check Into Cash, Check 'N Go,
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data.

New Poll Finds Vast Majority of American Adults Think Lenders Should Be Allowed to Charge More than 36 Percent APR on Short-Term Loans; Believe Underbanked Consumers Deserve Credit Access

Retrieved on: 
Wednesday, October 14, 2020
Money, Finance, Economy, Microfinance, Personal finance, Debt, Unbanked, Credit history, Underbanked, Pricing, Credit, Payday loan

An additional 15 percent said $5.00 should be the maximum amount allowed (130 percent APR).

Key Points: 
  • An additional 15 percent said $5.00 should be the maximum amount allowed (130 percent APR).
  • Sixteen percent of adults said $10.00 should be the maximum amount permitted (261 percent APR).
  • That's why more than two-thirds of adults support efforts to provide credit access to underbanked or credit-challenged consumers."
  • Americans strongly support expanding credit access for unbanked or underbanked consumers and strongly support lenders basing loan pricing on a consumer's credit history.

Clair, a Social-impact Fintech Raises $4.5m Seed Round to Disrupt the Payday Lending Industry by Providing Free Instant Pay to Hourly and Gig Workers

Retrieved on: 
Friday, October 9, 2020
Technology, Finance, Consulting, Banking, Other Technology, Professional services, Small business, Software, Internet, Money, Finance, Economy, Credit, Debt, Loans, Payday loan

Today, Clair announced a $4.5 million seed round led by Upfront Ventures, with participation from Founder Collective and Walkabout Ventures.

Key Points: 
  • Today, Clair announced a $4.5 million seed round led by Upfront Ventures, with participation from Founder Collective and Walkabout Ventures.
  • In the face of an emergency, they often need to take out high-interest payday loans that trap them in a debt cycle.
  • In response, several payroll providers and time and attendance providers announced instant payment features that would give workers the option to get paid daily.
  • Clair is a New York-based fintech startup that provides instant pay access as a service for human capital management platforms and the gig economy.

Advance America: Can Borrowers Secure an Installment Loan Without Great Credit?

Retrieved on: 
Thursday, September 24, 2020
Money, Finance, Loans, Economy, Title loan, Installment loan, Reverse mortgage, Payday loan

In this article, Advance America will explain how installment loans work and help borrowers decide if they're the right choice for them.

Key Points: 
  • In this article, Advance America will explain how installment loans work and help borrowers decide if they're the right choice for them.
  • Is an installment loan the same as a title loan?
  • While an installment loan can be a great option if a borrower needs cash instantly, it's not the same thing as a title loan.
  • An installment loan will often have lower interest and longer terms, letting a person pay back the loan in pieces rather than in one lump sum.

Benefitfocus Adds PayActiv as Financial Wellness Partner

Retrieved on: 
Thursday, September 17, 2020
Money, Finance, Economy, Debt, Credit, Loans, Payday loan, Employee benefits, Overdraft, Paycheck

PayActiv, a Public Benefit Corporation and Certified B-Corp, is a holistic financial wellness platform that gives employees on-demand access to earned but unpaid wages.

Key Points: 
  • PayActiv, a Public Benefit Corporation and Certified B-Corp, is a holistic financial wellness platform that gives employees on-demand access to earned but unpaid wages.
  • Businesses that partner with PayActiv see significant cost reductions through increased recruitment, engagement and retention.
  • Employees love PayActiv because it eliminates the expensive between-paychecks tolls of payday loans, bank overdrafts and late fees.
  • PayActiv also offers a suite of financial services that include savings and budgeting tools, bill payment and financial health measurement.

Employee Confidence in Payroll and Paycheck Accuracy Remains High During Pandemic

Retrieved on: 
Thursday, September 17, 2020
Income statement, Payroll, National Payroll Week, Wages and salaries, Paycheck, Withholding tax, American Payroll Association, Payday loan

This is an increase of three percent from the 84 percent of respondents who responded to this question in the 2019 survey.

Key Points: 
  • This is an increase of three percent from the 84 percent of respondents who responded to this question in the 2019 survey.
  • "More than ever, employees should have full confidence they are being paid accurately each payday," said Dan Maddux, executive director of the APA.
  • The annual APA survey asked, "How certain are you that your payroll withholding and the net amount of your paycheck arecorrect each payday?"
  • The "Getting Paid In America" survey was held in conjunction with the APA's annual public awareness campaign National Payroll Week , September 7-11.