Consumer use of pay-advance services rises amid layoff fears

[McFurd]

TB&P - 3/26/2020 - Ken Souza - Just like businesses are trying to secure financial life-lines, consumers who have early access to pay are tapping it more readily in the world of COVID-19 concerns, according to Jeanniey Mullen, chief innovation officer at DailyPay, a fintech company based in New York City. “We have definitely seen more businesses realize the value of the daily pay benefit. Some businesses that were in the process of getting set up with DailyPay asked to expedite the process so their employees could leverage the benefit during the height of the pandemic,” Mullen told Talk Business & Politics. Read more @ https://talkbusiness.net/2020/03/consum ... off-fears/