FlexWage Solutions Selected as Payroll Card Vendor by CurrenC SF

MOUNTAINSIDE, NEW JERSEY – February 29, 2012 FlexWage® Solutions LLC, announced today that they have been selected as an approved payroll card vendor by the CurrenC SF program. CurrenC SF, www.currencsf.org, is the latest program launched by the San Francisco Office of Financial Empowerment designed to help the businesses and workers of the San Francisco […]

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Cash From the Boss to Replace Payday Loans

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Originally posted at: www.businessweek.com By John Tozzi … FlexWage makes advances out of employers’ payroll accounts, based on hours workers have already put in. Clients get Visa pay cards to pay salaries, which FlexWage says cost half as much as paper checks. Workers pay $5 or less for each cash advance, and employers pay $1 […]

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For Banks, Little Progress on Loans to the Unbanked

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Originally posted at: www.americanbanker.com By Kevin Wack Despite years of encouragement by their regulators to provide small-dollar loans to people without access to traditional forms of credit, banks largely remain reluctant to enter the field. At a congressional hearing Thursday, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency could […]

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