6/11/2023 0 Comments Money networkEmployers that integrate Money Network with EWA into their time, attendance and payroll systems can easily onboard employees, calculate their on-demand pay, and disburse funds onto a Money Network card. Employees who are paid via Money Network may monitor budgeting and spending online or via a mobile app, leverage a prepaid debit card to make purchases, access in-network ATMs, transfer funds, and enable a digital wallet. Pairing earned wage access with the flexibility of a prepaid payroll program that incorporates budgeting tools and spending insights is a powerful example of how employers can help further the financial wellbeing of their employees,” said Dom Morea, senior vice president and Head of Prepaid at Fiserv.įiserv’s EWA feature seamlessly integrates with payroll/HR and time tracking systems. “The ability to provide faster access to wages and tips can be a significant differentiator for corporations, franchises, governments, and other types of employers challenged with attracting and retaining talent in today’s digital-first world. Fiserv is enabling earned wage access through Money Network prepaid payroll cards via integrated capabilities from Instant Financial. By offering EWA, businesses can empower employees especially the unbanked and underbanked with immediate access to their hard-earned income without fees, without waiting between pay cycles and without high-interest payday loans. Fiserv, a leading global provider of financial services technology solutions, has announced that businesses leveraging Money Network electronic payroll delivery services from Fiserv can now provide employees early access to their wages.Įarned wage access (EWA) gives employees the ability to access their wages as they are earned, rather than waiting for a weekly, bi-weekly or monthly payday.
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