Member Login | Become a Member
Innovative Payments Association
  • Events & News
    • Calendar
    • Newsroom
    • Fall Semester
    • Member Directory
    • Blog
    • Podcast
    • Summer Of Learning
    • Fintech Elevator
  • Membership
    • Member List
    • Membership Application
    • Member Login
  • Resources
    • FCTF
    • GRWG
    • Government Update
    • Safe Shopping
    • State Legislative Tracker
    • Financial Crimes Investigators
    • Prepaid Glossary
  • Payroll Cards
  • About Us
    • Our Team
    • Board of Directors
    • Advocacy >
      • CFPB
      • Covid-19 Response
      • Durbin Amendment
      • FDIC & OCC
      • Prepaid Rule Litigation
      • Unclaimed Property
    • Sponsorship
    • Contact
    • Media Inquiry
  • IPC 2021
    • Agenda
    • IPA Awards
    • FAQ
    • Payments 101 Certificate Workshops
    • Sponsorship Opportunities
  • Events & News
    • Calendar
    • Newsroom
    • Fall Semester
    • Member Directory
    • Blog
    • Podcast
    • Summer Of Learning
    • Fintech Elevator
  • Membership
    • Member List
    • Membership Application
    • Member Login
  • Resources
    • FCTF
    • GRWG
    • Government Update
    • Safe Shopping
    • State Legislative Tracker
    • Financial Crimes Investigators
    • Prepaid Glossary
  • Payroll Cards
  • About Us
    • Our Team
    • Board of Directors
    • Advocacy >
      • CFPB
      • Covid-19 Response
      • Durbin Amendment
      • FDIC & OCC
      • Prepaid Rule Litigation
      • Unclaimed Property
    • Sponsorship
    • Contact
    • Media Inquiry
  • IPC 2021
    • Agenda
    • IPA Awards
    • FAQ
    • Payments 101 Certificate Workshops
    • Sponsorship Opportunities

​Real Time Payroll – PayActiv Wants to Make Wage Payments Faster

2/16/2021

0 Comments

 
The payroll process needs to catch up to the rest of the payments world by becoming real time, according to Safwan Shah, the founder and CEO of Payactiv, an IPA member.

The company wants to help workers get money as they need it by providing access to wages they have earned sooner than a traditional two-week or monthly pay cycle would allow. The company does this by working with employers to track how much employees earn and offer the ability to get a percentage of those wages on as needed basis. 
Workers can use PayActiv’s card to receive earned wages, have those wages deposited into an account, or even pay bills directly through PayActiv’s app.

In this episode we cover how the process works, and how earned wage access is different than other forms of early wage access.
0 Comments

The Clearing House Asks the Fed to Put Interchange Caps on Fintechs

2/8/2021

0 Comments

 
The big banks are asking the Federal Reserve to re-examine what companies should be subject to interchange caps on debit transactions imposed by the Durbin Amendment to the Dodd Frank Wall Street Reform and Consumer Protection Act.

In a letter and meeting with the Fed, the Clearing House, a trade association and payments company owned by the biggest U.S. banks asked the Fed to examine whether certain business arrangements used by Fintechs mean that they should be subjects to the same interchange caps as banks with more than $10 billion in assets. 

If the Fed were to apply the Clearing House’s recommendations, it could affect the business model for Fintechs and for many prepaid programs that are designed to help low-income Americans.  

Listen now to our Podcast to find our more. 
0 Comments

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018

    Categories

    All
    Member Profiles
    Podcast
    Power Of Prepaid
    Prepaid
    Small Business
    Webinar

    RSS Feed

Home

IPA Quick Links
​About

Blog​
​Events
Podcast
IPC 2021
Call for Speakers
​Sponsorship
FAQs

Certificate Workshop
Contact Us
© COPYRIGHT 2020. ALL RIGHTS RESERVED.