Earned wage access

Frontline Flex Pay, Powered by Wagestream Now Available to All K-12 District Employees

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星期四, 五月 2, 2024

Education, EVP, Flex, Partnership, Morale, Job satisfaction, K-12, Earned wage access, Quality of life, Overalls, Front line, Management

Malvern, Pa., May 02, 2024 (GLOBE NEWSWIRE) -- Frontline Education , a leading provider of administration software purpose-built for educators in K-12, today announced that Frontline Flex Pay, Powered by Wagestream is now available to all K-12 district employees.

Key Points:

Malvern, Pa., May 02, 2024 (GLOBE NEWSWIRE) -- Frontline Education , a leading provider of administration software purpose-built for educators in K-12, today announced that Frontline Flex Pay, Powered by Wagestream is now available to all K-12 district employees.
Benefits of Frontline Flex Pay, Powered by Wagestream
Previously available to only substitute teachers in K-12, Frontline Flex Pay, Powered by Wagestream, provides districts who opt-in to the service the ability to put a financial toolkit in the hands of all district employees – including instructional and non-instructional staff.
"Frontline Flex Pay Powered by Wagestream has been a game-changer for our district.
Implementing Flex Pay is seamless and adds minimal extra work to the district, all while bringing immediate value to both the district and its employees.

Payfare Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

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星期四, 四月 25, 2024

Toronto, April 25, 2024 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading fintech powering instant payout and digital banking solutions for workforces, today announced summarized unaudited results for the fourth quarter and year ending December 31, 2023.

Key Points:

Toronto, April 25, 2024 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) (OTCQX: PYFRF), a leading fintech powering instant payout and digital banking solutions for workforces, today announced summarized unaudited results for the fourth quarter and year ending December 31, 2023.
Unaudited Full Year 2023 Highlights:
Payfare achieved record revenue of $186.0 million, representing a $56.1 million (+43%) increase over 2022 and met its full year 2023 revenue guidance.
Update: Payfare achieved its full year 2023 revenue and Adjusted EBITDA1 guidance based on unaudited financial results for the year ending 2023.
Management will host a conference call on Monday April 29, 2024, at 8:00 AM ET to discuss the unaudited 2023 financial results.

XTM Inc. Receives Strategic Investment and Signs Licensing Agreement

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星期五, 一月 19, 2024

Fintech, Professional Services, Finance, Human resource management, Earned wage access, Offering, USD, PAID, News, Debenture, Security (finance)

The Company also announced that it has signed a $3,000,000.00 USD licensing agreement for Earned Wage Access (“EWA”) from a US entity (“the Customer”) to provide processing for a U.S. Banking as a Service provider.

Key Points:

The Company also announced that it has signed a $3,000,000.00 USD licensing agreement for Earned Wage Access (“EWA”) from a US entity (“the Customer”) to provide processing for a U.S. Banking as a Service provider.
On closing, proceeds of the Debenture Financing combined with the Licensing Agreement the Company will meet the covenants required to access the EWA lending facility.
The operational funding also opens the way for the Company to fully roll-out its contracted EWA business to employees through its Distributor Agreements.
There can be no assurance as to whether or when the proposed Offering may be completed, or as to the actual size or specific terms of the Offering.

XTM Rolls Out Certified Earned Wage Access in Canada and US – First Vertically Integrated Solution – Free to Employees and Employers

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星期四, 一月 11, 2024

“Through our QRails acquisition, XTM became the first vertically integrated, fully SAP-certified provider of on-demand pay, which is a game-changer for employers who want to offer impactful, retention-focused benefits to their employees at scale,” said Marilyn Schaffer, CEO, XTM.

Key Points:

“Through our QRails acquisition, XTM became the first vertically integrated, fully SAP-certified provider of on-demand pay, which is a game-changer for employers who want to offer impactful, retention-focused benefits to their employees at scale,” said Marilyn Schaffer, CEO, XTM.
Millions of workers across North America have access to their earned wages, on-demand, any day during their pay cycle.
AnyDay’s Earned Wage Access is designed to easily implement and execute at scale.
For more information and to access The Era of On-Demand Pay white paper, visit paidanyday.com .

Empeon Partners with Tapcheck to Empower Employees with On-Demand Pay

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星期二, 十二月 5, 2023

Luigi, Marketing, Human resource management, HCM, Quality of life, Face, Earned wage access, Partnership, HR, Management, Online shopping

MONTEBELLO, N.Y., Dec. 5, 2023 /PRNewswire/ -- Empeon, the enterprise-grade Human Capital Management (HCM) platform for health systems, is partnering with Tapcheck, a prominent and award-winning provider of financial wellness solutions, to provide on-demand, same-day pay offerings to Empeon customers of all sizes, from SMBs to Enterprise. Empeon anticipates this partnership will provide financial flexibility for countless employees nationwide.

Key Points:

Empeon anticipates this partnership will provide financial flexibility for countless employees nationwide.
More than 60% of American workers live paycheck-to-paycheck , and 40% of Americans cannot cover a $400 emergency expense .
Studies show that on-demand pay employee wellness benefits, also known as Earned Wage Access (EWA), substantially alleviate financial stress for employees and contribute to making every Tapcheck employer an "Employer of Choice."
By partnering with Empeon, a company that puts employees first, we further advance our mission to provide these critical benefits to millions of Americans."

Payactiv Now Available on Oracle Cloud Marketplace

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星期三, 十一月 8, 2023

Cloud, OPN, Job satisfaction, EWA, Organization, Research, Oracle Cloud HCM, Earned wage access, HCM, Software, PayActiv, Oracle

SANTA CLARA, Calif., Nov. 8, 2023 /PRNewswire/ -- Payactiv, a leading provider of holistic financial wellness benefits, and a member of Oracle PartnerNetwork (OPN), today announced it is now available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM).

Key Points:

SANTA CLARA, Calif., Nov. 8, 2023 /PRNewswire/ -- Payactiv , a leading provider of holistic financial wellness benefits, and a member of Oracle PartnerNetwork (OPN), today announced it is now available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM) .
With Payactiv , Oracle Cloud HCM customers will now be able to help their employees manage day-to-day finances, pay bills on time, save and budget, access free 1:1 financial coaching and reach their financial goals.
"With Payactiv and Oracle Cloud HCM, organizations can help improve employee satisfaction and demonstrate their commitment to supporting the financial well-being of their valued workers."
Oracle Cloud Marketplace is a centralized repository of enterprise applications offered by Oracle and Oracle partners.

ZayZoon Recognized for Rapid Growth in 2023 Deloitte Technology Fast 500™ and Canadian Technology Fast 50™

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星期三, 十一月 8, 2023

Mobile, Wireless, Technology, Payments, Finance, Fintech, Accounting, Professional Services, Software, Small Business, Data Management, Deloitte Technology Fast 500, Earned wage access, Face, EWA, Creativity, Growth, Telecommunications

ZayZoon , the Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it ranked 141 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology companies in North America, and 21 on the Canadian Technology Fast 50™.

Key Points:

ZayZoon , the Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it ranked 141 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology companies in North America, and 21 on the Canadian Technology Fast 50™.
ZayZoon achieved 1006% growth from 2019 to 2022, and continues to work towards its mission of saving 10 million employees 10 billion dollars.
With 63% of Americans living paycheck to paycheck, ZayZoon works to provide employees with financial stability and helps employers support increased financial education and wellness for their teams.
The program runs parallel to the broader Deloitte North American Technology Fast 500™.

XTM Provides Investor Update on QRails Acquisition and Financing

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星期二, 十月 31, 2023

XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami, Toronto, Denver and London-based Fintech creator of payment innovation including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product provided an update today on the QRails acquisition and financing.

Key Points:

XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami, Toronto, Denver and London-based Fintech creator of payment innovation including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product provided an update today on the QRails acquisition and financing.
XTM closed the acquisition XTM Closes QRails Acquisition in August 2023.
XTM, as a publicly traded company, faced complexities in bringing together Canadian and U.S. businesses, resulting in six-months to close the transaction.
XTM and QRails’ B2B business model results in a low cost of acquisition and the financial leverage of each integration.

Empeon and ZayZoon Partner to Revolutionize Employee Financial Well-Being with Earned Wage Access

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星期四, 十一月 2, 2023

Earned wage access, Human resource management, St. Louis Fed Financial Stress Index, EVP, HCM, HR, Organization, Partnership, Health care

MONTEBELLO, N.Y., Nov. 2, 2023 /PRNewswire/ -- Empeon, the enterprise-grade Human Capital Management (HCM) platform for health systems, and ZayZoon, a market leader in providing Earned Wage Access and employee financial wellness to small and mid-sized businesses, today announced a strategic partnership to deliver on-demand wages to employees of Empeon customers.

Key Points:

In today's healthcare landscape, nearly two-thirds of healthcare workers live paycheck-to-paycheck , hampering employee financial stability and increasing their personal stress.
This collaboration between Empeon and ZayZoon addresses this problem for healthcare workers and healthcare organizations by enabling access to earned wages instantly, promoting financial wellness and providing employers with a distinct competitive advantage for recruiting and retention.
Earned Wage Access programs have proven to extend employee tenure, reduce turnover rates, and drive the adoption of digital solutions within healthcare HR.
The ZayZoon solution integrates with Empeon's comprehensive HCM platform to enable employees to access their wages in real-time as they earn them.

XTM’s AnyDay™ One of the First EWA Providers to Found UK’s Code of Practice for Millions of UK Workers

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星期二, 十月 17, 2023

While XTM finalizes its financing, the company continues to grow with unprecedented opportunities in launching EWA in new markets and driving our integrated tip pay-out solution to the US through QRails, SAP certified, AnyDay.

Key Points:

While XTM finalizes its financing, the company continues to grow with unprecedented opportunities in launching EWA in new markets and driving our integrated tip pay-out solution to the US through QRails, SAP certified, AnyDay.
“This is a significant announcement for the benefit of workers across the UK and it is of further importance to XTM for two prime reasons,” said Cary Strange, President, XTM.
“First, it demonstrates that compliance surrounding EWA is of utmost importance to regulators and beneficiaries.
In the UK, more than 4 million workers are now being paid when they choose, according to the CIPP, with one in 10 companies now offering some form of earned wage access (EWA).