“And so came the idea for Pinwheel, an API layer for payroll data that handles everything from income and employee verification to easily switching and managing direct deposit. The company officially came out of stealth today and announced that it has raised a $7 million seed round from Josh Kopelman at First Round Capital and Greg Bettinelli at Upfront Ventures, who will both join the company’s board. Like any API platform, there are a range of users and data that they want to connect to. For consumers, the main draw is automated direct deposit control, which will allow consumers to control where their paychecks go.”

“Saving time, money and hassle, the new DailyPay CYCLE feature enables companies to immediately reduce or even eliminate paper checks and manage final pay distribution. CYCLE was designed to support increased financial flexibility for the American workforce, which has become increasingly important during the COVID-19 pandemic. CYCLE has multiple uses and benefits. It can be used to provide bonuses, termination pay or to make other necessary off-cycle payments to employees. It enables employees to receive their payments electronically (instead of waiting for a paper check to be processed, distributed and cashed). DailyPay provides funding for all CYCLE payments.”

“Ceridian (NYSE: CDAY; TSX: CDAY), a global human capital management (HCM) company, announced today the availability of Dayforce Wallet – an on-demand pay solution. Dayforce Wallet leverages the Dayforce platform’s unique continuous calculation capabilities for an accurate, on-demand payment, instead of an approximation of earnings. It disrupts the antiquated concept of a fixed pay period – allowing people to be paid in real-time, at any time.”

“Personal income decreased $382.1 billion (2.0 percent) in March according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $334.6 billion (2.0 percent) and personal consumption expenditures (PCE) decreased $1,127.3 billion (7.5 percent). The decline in March personal income and outlays was, in part, due to the response to the spread of COVID-19, as governments issued “stay-at-home” orders. This led to rapid changes in demand, as businesses and schools switched to remote work or canceled operations, and consumers canceled, restricted, or redirected their spending.”

“DailyPay, the leading provider of the daily pay benefit, joins forces with many of the country’s leading supermarkets to support their heroic workers who are on the frontlines of the global health crisis. Now, more than one in eight grocery store workers across the country has this financial control at a time when they need it most.In celebration of the frontline supermarket heroes, including Kroger, Parker’s Kitchen, Leevers Supermarkets, Dave’s Markets and Loop Neighborhood, DailyPay has committed to a number of initiatives to support them during this crisis.”

“This week, the U.S. Treasury Department began sending out economic impact – or stimulus – payments, in response to the COVID-19 pandemic. However, some people may have to wait weeks or months to receive their payments by mail. With its Trans@ct by 7‑Eleven® Prepaid Mastercard®, 7‑Eleven, Inc. provides a convenient solution to under- and un-banked individuals and families to help them receive these much-needed funds faster than a paper check. The Trans@ct by 7‑Eleven® Prepaid Mastercard® offers cardholders an alternative to brick-and-mortar banks, and can receive direct deposit payments such as government benefits or paychecks. After registration and activation, all funds loaded onto Trans@ct by 7‑Eleven card accounts are FDIC-insured.”

“Intuit Inc. (Nasdaq: INTU) today announced an expanded suite of QuickBooks Online Payroll offerings that enable small businesses to run payroll and file taxes automatically, all while receiving tax penalty protection and gaining access to essential services like on-demand HR, health benefits, and workers’ compensation.”