A Forbes article titled Early Access To Wages, A Prized Benefit, Costs Employers Little Or Nothing mentions similar services from startups like:ZayZoon. Intended Benefits and Unintended ConsequencesThere's huge potential here for these firms to not just disrupt payday lending, but the paycheck process itself. For small businesses with unpredictable cash flow, the unpredictable nature of employees' pay advances could impact their ability to pay their own suppliers and bills. For small businesses with unpredictable cash flow, the unpredictable nature of employees' pay advances could impact their ability to pay their own suppliers and bills. The point here is that fixing the paycheck timing problem can be addressed not just by early wage access but by changes in the billing process.
Source: Forbes April 24, 2019 15:00 UTC