Employee Financial Stress Diminishes Productivity

Employee Stress Image

Your employees’ financial stress is costing you money. Almost half of working American adults have trouble paying their household expenses on time, causing them increasingly higher amounts of stress, according to a 2011 survey conducted by PriceWaterhouseCoopers1. When workers are financially stressed, they are less productive and feel less able to be “present” at their […]

Read the full article  

Underbanked Employees Eat in to Company Profits

Profit Loss Image

Approximately 30 million American households are unbanked or underbanked, and it’s affecting your bottom line. An estimated 25 percent of U.S. households are unbanked or underbanked, according to a 2009 study conducted by the Federal Deposit Insurance Company (FDIC). Unbanked is defined as having no checking or savings account. Underbanked households have checking or savings […]

Read the full article  

Featured on Businessweek, Persuading Small Employers to Advance Wages

Bloomberg Businessweek Logo

Originally posted at: www.businessweek.com By Karen E. Klein By granting staffers early access to a percentage of their pay, small businesses improve productivity and retention, says the founder of a new payroll-card service A recent survey of business owners that employ up-to-100 workers revealed that nearly half (48 percent) do not use direct deposit for […]

Read the full article  

FlexWage Solutions Named a Finalist in “Core Underbanked Innovation Challenge”

Core Innovation Capital Logo

FlexWage to present at the Center for Financial Services Innovation (CFSI) Underbanked Financial Service Forum MOUNTAINSIDE, NEW JERSEY – June 2, 2011 Core Innovation Capital announced today that FlexWage Solutions LLC, the socially responsible alternative to the payday and alternative loan debt trap, has been named a finalist in the “Core Underbanked Innovation Challenge,” earning […]

Read the full article  

Underbanked Inspire a Wealth of Services

Center for Financial Services Innovation Logo

Originally Posted at: cfsinnovation.com/content/underbanked-inspire-wealth-services Underbanked Inspire a Wealth of Services By Jennifer Tescher Who has the best, most innovative financial product aimed at the underbanked? An array of cutting-edge examples will be on display in June at the sixth annual Underbanked Financial Services Forum in New Orleans. Organized by the Center for Financial Services Innovation […]

Read the full article