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COVID-19 economic pressures have pushed more adults living paycheck-to-paycheck to want their income early, calling into question the value of decades-old payroll practices — and highlighting disparities along economic, racial and gender lines.
On-demand wage delivery has caught on in other industries. Banks have taken notice.
The Wisely Pay solution includes peer-to-peer transfers, instant pay and mobile digital wallets from Apple Pay, Samsung Pay and Android Pay.
The DOL's Wage and Hour Division recently announced a new nationwide pilot program called the Payroll Audit Independent Determination (PAID) program.
