#EarnedWageAccess--Tapcheck Inc., the pioneer in on-demand pay technology, today announced that it has signed an agreement with Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital manageme...
Autore: Business Wire
Innovative Embedded Solution Enables Real-Time Wage Access, Boosts Retention, and Reduces Financial Stress
PLANO, Texas: #EarnedWageAccess--Tapcheck Inc., the pioneer in on-demand pay technology, today announced that it has signed an agreement with Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management (HCM) company, to provide real-time access to earned wages through an embedded solution available for eligible employees paid through the Paychex HR PEO. Through the Tapcheck mobile app, employees can instantly transfer a portion of their earned wages directly into a bank account or onto a free Tapcheck Mastercard TM, empowering them to manage cash flow with greater flexibility and control.
Tapcheck’s embedded solution leverages payroll data and predictive, machine-learning-based balance calculations to ensure accurate and compliant earned wage disbursement for every employee. Now fully integrated within the Paychex HR PEO, this turnkey offering enables Professional Employer Organization (PEO) clients to activate on-demand pay with the flip of a switch - with no new systems, file transfers, or process changes required.
As the Tapcheck solution is fully integrated within the existing payroll platform, payroll teams retain full visibility and control over their processes while providing employees instant access to earned wages available to all worksite employees. The result is a seamless solution that strengthens financial wellness benefits, reduces administrative burden, and helps employers compete more effectively for top talent.
“With Tapcheck, we are redefining the future of payroll,” said Kayling Gaver, Co-Founder and Chief Operating Officer at Tapcheck. “Employees shouldn’t have to wait two weeks to access money they have already earned. Our partnership with Paychex HR PEO is making pay flexibility the new standard for financial wellness.”
PEOs deliver a comprehensive suite of human resources functions including payroll, benefits, and compliance to industries with complex staffing needs such as hospitality, senior living communities, country clubs, and many others. Through this integration, Paychex PEO customers can now deliver on-demand pay to all of their clients with unprecedented ease.
“Industries are rapidly adopting on-demand pay to enhance engagement, protect talent investments, and improve employee well-being,” added Gaver. “On-demand pay represents the next generation of payroll by prioritizing flexibility, transparency, and trust.”
About Tapcheck
Tapcheck Inc. offers the most innovative pay on-demand solution for earned wages. The solution empowers employees to access earned wages in real time, giving them financial flexibility and peace of mind. With integrations across 300+ payroll and timekeeping systems, Tapcheck helps businesses reduce turnover, improve retention, boost productivity, and support employee financial wellness - all at no cost to employers.
Fonte: Business Wire