Earned Wage Access has been added to the Wisely payment platform from Automatic Data Processing. EWA is being offered through a partnership with DailyPay.
ADP says its research shows EWA is important to 91 percent of millennial workers and 82 percent of Generation Z workers and 57 percent of Generation X and baby boomers.
Wisely, which integrates with enterprise resource planning and payroll systems, offers employees secure digital accounts to access their pay, putting all sources income in one place, It is accessible to both W-2 and 1099 workers.
Wisley also offers members the ability to snap a photo of a bill within the myWisely App and have payments deducted through their accounts via BillPay. In addition, members can utilize Cash Back Rewards to earn cash back on spending with the cash going to the savings envelope in the mobile app.
Members can add Wisely accounts to their digital wallets.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind