FlexWage Highlighted in Congressional Hearing

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United States House of Representatives Hearing on “An Examination of the Availability of Credit for Consumers” Originally posted at: financialservices.house.gov By Dr. Kimberly Manturuk, Research Associate, University of North Carolina Center for Community Capital On September 22, 2011 Dr. Kimberly R. Manturuk from the Center for Community Capital at University of North Carolina at Chapel […]

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FlexWage Featured in Kiplinger Letter

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Thanks to Kiplinger for featuring FlexWage in the Kiplinger Letter If your business relies on low-income workers and has a lot of turnover…Check out FlexWage, a business service that facilitates payroll advances, which are a headache for some employers. For a small fee charged to the employee, FlexWage forwards a percentage of an employee’s net […]

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Employee Financial Stress Diminishes Productivity

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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 […]

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Underbanked Employees Eat in to Company Profits

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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 […]

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Featured on Businessweek, Persuading Small Employers to Advance Wages

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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 […]

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