A game-changing financial wellness benefit for employees living paycheck to paycheck
PayActiv is a mobile app that provides the funds for earned wage access. A certified B Corp and Public Benefit Company, it offers flexibility in how users access their cash, including through direct cash pickup, PayActiv prepaid card, instant Visa or Mastercard debit card load, ACH payment, or by using wages to pay bills, make purchases on Amazon, or purchase rides on Uber.
Discussion
Fintastico Team
2 weeks, 1 day
https://thefintechtimes.com/dailypay-what-the-r...
Fintastico Team
3 weeks, 1 day
http://feedproxy.google.com/~r/finovate/~3/GLdb...
CFPB 2.0: Prepaid Cards, Earned Wage Access, and Financial Inclusion - Finovate
With a Democratic administration only weeks away from taking office, some are wondering about the prospects for a revitalized Consumer Financial Protection Bureau (CFPB). Created during the last Democratic administration – and largely sidelined during the now-ending Trump administration – the CFPB has found itself back in the fintech headlines in recent days. PayPal Takes Read more...
Fintastico Team
3 weeks, 1 day
https://www.finextra.com/pressarticle/85604/pay...
Fintastico Team
4 weeks
https://www.pymnts.com/news/cfpb/2020/cfpb-oks-...
Payactiv Is First Earned Wage Access Provider
Payactiv's Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB).
Fintastico Team
4 weeks
https://www.americanbanker.com/news/synchrony-p...
Fintastico Team
4 weeks
https://www.crowdfundinsider.com/2020/12/170789...
Fintastico Team
5 months, 1 week
https://www.fintechfutures.com/2020/08/payactiv...
PayActiv raises $100m Series C funding round led by Eldridge - FinTech Futures
PayActiv, a US-based payroll integration firm, has secured $100 million through its Series C funding round led by Eldridge.
Fintastico Team
10 months, 1 week
https://www.americanbanker.com/news/consumers-s...
Fintastico Team
1 year
https://news.bloomberglaw.com/corporate-law/pay...
Payments Startup Brings Aboard McGuireWoods Fintech Leader
A Silicon Valley-based payments company facing claims of racial discrimination and retaliation has recruited a Big Law partner to become its first in-house legal chief.
Fintastico Team
1 year
https://bankinnovation.net/allposts/biz-lines/p...
Recommendation engine Borrowell moves into bill tracking and pay advances
Borrowell, the Canadian financial product recommendation and lending platform reminiscent of Credit Karma, is getting into a subscription model. The six-year
Fintastico Team
1 year
https://www.crowdfundinsider.com/2020/01/155888...
The Top Ten Fintech Predictions for 2020
To my Fintech friends, this is my 4th annual “Top Ten” Fintech prediction. I started this tradition at Crowdfund Insider back in January 2017. As we are saying goodbye to an incredible Fintech year of 2019, I see another seismic change in 2020 for our
Fintastico Team
1 year, 1 month
https://www.crowdfundinsider.com/2019/12/154929...
Dubai's Wamda Invests in UAE-based Fintech Firm FlexxPay, a Social Impact Company for Businesses in the MENA Region
Wamda has reportedly made an investment in United Arab Emirates (UAE)-headquartered Fintech firm FlexxPay, a social impact company.
Fintastico Team
1 year, 1 month
https://www.wamda.com/2019/12/wamda-invests-uae...
Fintastico Team
1 year, 4 months
https://www.crowdfundinsider.com/2019/09/151714...
U.S. Fintech PayActiv Becomes Public Benefit Corporation
PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it has become a Public Benefit Corporation, which is described as a corporation that performs a specific function for the benefit of the public. According to Safwan Shah, CEO of PayActiv, the
Fintastico Team
1 year, 4 months
https://www.forbes.com/sites/forbesfinancecounc...
Five Trends Shaping Fintech Into 2020
Not every startup threatens small and mid-size banks, but community banks and credit unions should stay on top of fintech trends to know when it’s time to act on a new opportunity.
Fintastico Team
1 year, 4 months
https://bankinnovation.net/allposts/biz-lines/l...
PayActiv adds instant payday advances to lure more employers to its platform
PayActiv is tapping into the demand for employee payday advances by linking up with employers to offer the feature directly through payroll. PayActiv's growth
Fintastico Team
1 year, 4 months
https://www.pymnts.com/news/regulation/2019/reg...
Regulators Look Closer At Payroll-Advance Apps | PYMNTS.com
Regulators are looking closely at financial apps that allow workers to access their pay early, investigating whether some firms violated payday-lending laws.
Fintastico Team
1 year, 5 months
https://dailyfintech.com/2019/08/21/instant-gra...
Instant gratification underpins successful fintech - the rise of early wage access providers - Daily Fintech
The other night I was out to dinner with a few friends, and I got into a conversation about our obsession with convenience, of which we are all guilty of. The thing is, we shouldn’t really be embarrassed about our drive for immediate satisfaction. After all, it simply represents our desire to protect and retain …
Fintastico Team
1 year, 5 months
http://www.americanbanker.com/news/state-regula...
State regulators scrutinize payroll advance firms
New York and 10 other states are looking into whether companies in the fast-growing sector are violating payday lending laws.
Fintastico Team
1 year, 7 months
http://www.americanbanker.com/news/as-californi...
As California mulls rules for payday loan alternative, rifts emerge
Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.
Fintastico Team
1 year, 7 months
http://www.americanbanker.com/news/will-banks-t...
Will banks take 'self-driving' payroll for a spin?
On-demand wage delivery has caught on in other industries. Banks have taken notice.
Fintastico Team
1 year, 7 months
http://www.americanbanker.com/opinion/dont-side...
Don’t sideline earned income access
Critics have knocked the product, which provides workers access to their wages before payday, as another form of predatory lending. But California has a new bill that would create a legal framework for this short-term lending alternative, and policymakers elsewhere should follow the state's lead.
Fintastico Team
1 year, 9 months
http://www.americanbanker.com/news/a-payday-len...
A payday lender in disguise? New York investigates the Earnin app
The Earnin app appears designed to look like other early wage access programs, but critics say it’s actually a payday lender and New York regulators have taken notice.
Fintastico Team
1 year, 10 months
http://www.americanbanker.com/news/do-paycheck-...
Do paycheck advance apps improve financial health?
Apps that let people access their pay on demand have become wildly popular. Do they solve a problem, or are they Band-Aids?