Branch’s Post

What Is a Paycard and How Does It Work?

Did you know that 17% of workers who make under $25,000 a year are underbanked? This means they must use traditional checks of some kind. This is a serious problem for employees and employers alike.  Learn what a Juice pay card is and how it can help both employees and employers! #Juice #PayCards #FinTech #EmployeeBenefits

Why do scissors come in packaging that require scissors to open them? Why are over half of working Americans still paid every two weeks (or even worse... monthly) when they can get paid everyday for free? Between payday loans, high-interest credit cards, overdraft fees, and other predatory financial products, Americans spend around $170 Billion each year waiting for their next paycheck... Today’s Pay-Day Model is incredibly outdated, but is now undergoing a rapid transformation with the emergence of a new financial sector based on the latest technologies and App innovations   This new sector is called ‘On-Demand Pay’ (or Earned Wage Access) of which Rellevate is on the forefront. While we can’t fix clam-shell packaging or jar sizes, we can fix bi-weekly pay with our revolutionary PayCard featuring Every-Day-Pay Rellevate’s On-Demand Pay platform offers cash-strapped employees more financial flexibility, untethering them from the constraints of traditional pay cycles by giving them the ability to receive a portion of their wages whenever they need Why is Rellevate at the Forefront of the On-Demand Pay Financial Sector? ✓ Technology: Rellevate’s advanced technology (mobile app and real-time payment processing) makes it easy to deliver money quickly, securely and efficiently ✓ Integration: Rellevate’s fast-track platform integration (with your payroll systems) streamlines the Pay-Day process and allows for real-time tracking of worked hours and wages earned ✓ Zero Cost: Rellevate’s On-Demand Pay is a zero-cost Pay-Day solution that’s free for employers and employees… Rellevate even covers the cost of the traditional Payroll float So, maybe it’s time to get the scissors out and cut the traditional Pay-Day cord… #CutThePayDayCord #EveryDayPay #OnDemandPay #FinancialWellness #RellevatePayCard #EWA #EarnedWageAccess

DAC Bringing you 💸Pay Any Day💸 Possible Scenario : 🕺 "FoodEquip Manufacturing," a company specializing in manufacturing food equipment, decides to implement David Allen Capital's Pay Any Day service for their employees: 💸 Employee Financial Concerns: FoodEquip Manufacturing values its employees and understands that unexpected financial challenges can arise between paychecks. Some employees struggle to cover expenses or emergencies, affecting their well-being and productivity. 💸 Exploring Financial Assistance Solutions: Recognizing the importance of addressing their employees' financial needs, the HR department at FoodEquip Manufacturing begins researching options to provide financial assistance. They discover David Allen Capital's Pay Any Day service, which allows employees to access 50% of their earned wages in advance of the scheduled payday for a flat fee of $2.95 per advance. 💸 Understanding the Pay Any Day Service: FoodEquip Manufacturing learns that employees can request an advance of up to 50% of their earned wages at any time before the scheduled payday, and the funds are deposited directly into their bank account. The $2.95 fee is charged per advance, regardless of the amount requested. Importantly, David Allen Capital's partner Rellevate assumes all liability for the advanced funds, ensuring no cost to the business. 💸 Decision to Implement: Convinced that the Pay Any Day service aligns with their commitment to employee well-being and financial support, FoodEquip Manufacturing decides to integrate it into their employee benefits package. 💸 Employee Utilization and Satisfaction: As employees start using the Pay Any Day service, they appreciate the flexibility and peace of mind it provides in accessing their earned wages when needed. In this possible scenario, FoodEquip Manufacturing leverages David Allen Capital's Pay Any Day service to provide immediate financial assistance to their employees, enhancing employee satisfaction and well-being while incurring no cost to the business. DAC's Pay Any-Day benefits encompass the ability to access your funds at any time, with the option to advance up to 50% of your pay. A nominal transaction fee of $2.95 per advance applies. It's important to note that this is an advance, not a loan. For further insight into how Pay Any-Day can enhance the well-being of your employees and contribute to the success of your business, please contact Christopher at 810-689-9435. Click the link below for more information. https://lnkd.in/gMAzpxFn Schedule A Zoom Meeting So We Can See What Can Be Done To Help Your Business: https://lnkd.in/gqSHtedJ #EarnedWageAccess #GetPaidToday #EmployeeBenefits #IncomeOnDemand #FoodEquipmentIndustry

Are you in need of simplifying the payroll process at your company? “FedNow, the Federal Reserve’s instant payment platform, has expanded to over 600 banking institutions since its launch in July 2023” said Tim Boike, vice president of industry relations for the Federal Reserve Bank of Chicago. This tool is a great way to modernize payroll, which is more proficient and simple for employers. Check out this article to learn more about FedNow: https://lnkd.in/gSrK8BJa #Payroll #Efficiency #Success #Improvement #Employer

Day 4 of #CIB_Summer_Inrernship_2024 Instapay is a type of financial technology that focuses on facilitating faster and more efficient payment processing, particularly in the realm of payroll and employee compensation. This fintech solution is designed to address the cash flow needs of employees and businesses by enabling instant or near-instant access to earned wages, significantly reducing the waiting period typically associated with traditional payroll cycles. ### Key Features of Instapay: 1. **Real-Time Payments**: Instapay allows for real-time processing of payroll, which means employees can access their earnings immediately after their pay period ends. This capability is especially beneficial for hourly workers or those who need quick access to funds for daily expenses. 2. **Enhanced Cash Flow for Employees**: By reducing the pay cycle from weeks to seconds, employees gain more control over their financial situation. This can lead to increased financial well-being and reduced reliance on high-interest credit options like payday loans. 3. **Integration with Existing Payroll Systems**: Most Instapay solutions can be integrated with existing payroll and HR systems, making it easier for businesses to implement without overhauling their current processes. 4. **Mobile Access**: Instapay often features mobile apps, giving employees the convenience of accessing their wages through smartphones or other digital devices, and managing their finances on the go. 5. **Increased Employee Satisfaction**: Companies that offer Instapay may experience higher employee satisfaction and retention rates, as employees appreciate the flexibility and financial security that comes with instant access to earnings. ### Benefits to Employers: - **Recruitment and Retention**: Offering instant access to pay can be an attractive benefit that gives employers a competitive edge in recruiting and retaining talent. - **Reduced Administrative Costs**: Automation of payment processing can reduce the need for manual payroll interventions, lowering administrative costs and reducing errors. - **Improved Productivity and Morale**: Employees who are less stressed about financial issues are typically more productive and motivated. ### Challenges: - **Regulatory and Compliance**: Implementing Instapay must comply with financial regulations, including labor laws and tax requirements, which can vary by region. - **Security Concerns**: As with any financial technology, ensuring the security of transactions and personal data is paramount to protect both employees and employers from cyber threats. Instapay continues to evolve as technology advances and as the demand for flexible payroll options increases. By bridging the gap between traditional payroll systems and the needs of the modern workforce, Instapay represents a significant shift towards more dynamic and employee-centric financial solutions. #CIB_Egypt Farida Elsefary #CIB_Summer_Internship_2024

Did you know that enhancing your payroll experience could boost your job satisfaction without adjusting your compensation? It's true! Check into our latest blog post to learn more: https://hubs.ly/Q02sh1Qt0 🔍 Here's a sneak peek at what you'll discover: 1️⃣ Digital Wallets: Gain real-time access to your pay information and take control of your financial future. 💳 2️⃣ Earned Wage Access: Access part of your earned wages before payday, reducing financial stress and boosting productivity. 💸 3️⃣ Payroll Cards: Streamline pay distribution and empower both banked and unbanked employees. 💼 4️⃣ Automated Savings Plans: Build financial security by aligning savings with your personal goals. 💰 5️⃣ Health and Financial Benefit Integration: Connect your pay with benefits like HSAs and FSAs for a holistic approach to well-being. 💪 6️⃣ Payroll Bill Pay: Simplify your financial management with automated bill payments. 📆 7️⃣ Streamlined Verification: Experience quick and secure income and employment verifications with digital solutions. 🔒 Read the full blog now and take the first step toward a more satisfying and empowered career! 📚✨ #EmployeeSatisfaction #FinancialWellness #CareerEmpowerment @OneSource Virtual

Money Network: The Future of Payroll Management What is Money Network? Money Network is a digital financial service that replaces traditional paper checks with electronic payroll cards. This solution simplifies payments, cuts costs, and improves efficiency. How It Works: - Digital Payroll Cards: Replace paper checks with preloaded payroll cards for employees. - Centralized Management: Use an online platform for easy fund tracking and management. - Instant Access: Employees can access funds immediately via their payroll cards. Benefits: - Eliminate Paper Checks: Save on printing and mailing costs. - Reduce Admin Costs: Cut down on administrative tasks. - Increase Efficiency: Streamline payroll processes and minimize errors. - Enhance Security: Secure payments with features protecting against loss or theft. Perfect For: - Nonprofits: Reduce costs and admin time, focusing more on your mission. - Large Staffing Agencies: Simplify payments for temporary and contract workers. - Retail Chains: Manage payroll across multiple locations with ease. - Healthcare Providers: Handle diverse staff payroll efficiently. - Construction Companies: Manage payments for fluctuating workforce sizes. Ready to modernize your payroll? Contact me to see how Money Network can streamline your payment processes. #MoneyNetwork #PayrollSolutions #BusinessEfficiency #CostSavings #NonprofitManagement #StaffingSolutions #RetailManagement #Healthcare #Construction #FinancialSecurity

Money Network: The Future of Payroll Management What is Money Network? Money Network is a digital financial service that replaces traditional paper checks with electronic payroll cards. This solution simplifies payments, cuts costs, and improves efficiency. How It Works: - Digital Payroll Cards: Replace paper checks with preloaded payroll cards for employees. - Centralized Management: Use an online platform for easy fund tracking and management. - Instant Access: Employees can access funds immediately via their payroll cards. Benefits: - Eliminate Paper Checks: Save on printing and mailing costs. - Reduce Admin Costs: Cut down on administrative tasks. - Increase Efficiency: Streamline payroll processes and minimize errors. - Enhance Security: Secure payments with features protecting against loss or theft. Perfect For: - Nonprofits: Reduce costs and admin time, focusing more on your mission. - Large Staffing Agencies: Simplify payments for temporary and contract workers. - Retail Chains: Manage payroll across multiple locations with ease. - Healthcare Providers: Handle diverse staff payroll efficiently. - Construction Companies: Manage payments for fluctuating workforce sizes. Ready to modernize your payroll? Contact me to see how Money Network can streamline your payment processes. #MoneyNetwork #PayrollSolutions #BusinessEfficiency #CostSavings #NonprofitManagement #StaffingSolutions #RetailManagement #Healthcare #Construction #FinancialSecurity

Did you know that enhancing your payroll experience could boost your job satisfaction without adjusting your compensation? It's true! Check into our latest blog post to learn more: https://hubs.ly/Q02sh1Qt0 🔍 Here's a sneak peek at what you'll discover: 1️⃣ Digital Wallets: Gain real-time access to your pay information and take control of your financial future. 💳 2️⃣ Earned Wage Access: Access part of your earned wages before payday, reducing financial stress and boosting productivity. 💸 3️⃣ Payroll Cards: Streamline pay distribution and empower both banked and unbanked employees. 💼 4️⃣ Automated Savings Plans: Build financial security by aligning savings with your personal goals. 💰 5️⃣ Health and Financial Benefit Integration: Connect your pay with benefits like HSAs and FSAs for a holistic approach to well-being. 💪 6️⃣ Payroll Bill Pay: Simplify your financial management with automated bill payments. 📆 7️⃣ Streamlined Verification: Experience quick and secure income and employment verifications with digital solutions. 🔒 Read the full blog now and take the first step toward a more satisfying and empowered career! 📚✨ #EmployeeSatisfaction #FinancialWellness #CareerEmpowerment OneSource Virtual