1/1/2024 0 Comments On shift pay active“The effects of COVID-19 continue to financially impact caregivers and hourly workers, many of whom are already living paycheck to paycheck. Amazon Cash is a fast and convenient option, especially for those employees without a bank account. ![]() In addition, OnShift Wallet recently introduced Amazon Cash, which allows employees to automatically apply their earned wages to shop on Amazon without the need for a debit or credit card. The CFPB approval validates Payactiv’s approach and confirms that EWA can be provided without accessing credit. Payactiv, OnShift’s financial wellness partner for OnShift Wallet, recently became the first and only Earned Wage Access (EWA) provider to gain approval from the Consumer Financial Protection Bureau (CFPB) as its EWA program does not impose a debt on users. OnShift Wallet provides real-time access to earned wages between paychecks, giving senior care employees financial peace of mind by avoiding late fees or high-interest payday loans to cover bills or unplanned expenses. In addition, OnShift Wallet’s new Amazon Cash option and a first-of-its-kind debt-free assurance approval reinforce OnShift’s unwavering support for healthcare employees throughout the pandemic. ![]() CLEVELAND, Ma(GLOBE NEWSWIRE) - OnShift®, a leader in human capital management software for post-acute care and senior living, today announced it has achieved a series of significant milestones with its financial wellness solution, OnShift Wallet powered by Payactiv, including nearly $50 million in early wages accessed by healthcare employees in 2020.
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