PayActiv

Campbell,  CA 
United States
https://www.payactiv.com/
  • Booth: 1634

PayActiv is an award-winning holistic financial wellness platform for employees to get on-demand access to earned but unpaid wages. Businesses that partner with PayActiv see significant cost reductions through increased recruitment, engagement and retention. Employees love PayActiv because it eliminates the expensive between-paycheck tolls of payday loans, bank overdrafts and late fees. PayActiv also offers a suite of financial services that include timely access to earned wages, savings and budgeting tools, bill payment and financial health measurement. PayActiv has won best in class awards in both FinTech & HRTech and is the provider for Earned Wage Access to Walmart.


 Products

  • TimelyPay
    SPONSOR SHIFTS WITH TIMELYPAY:
    Incentivize employees to work certain shifts. Offer next day pay for those shifts with TimelyPay....

  • How TimelyPay Works

    • Time and attendance or custom file is needed to identify shifts sponsored with TimelyPay. 
    • Employees can access up to 65% of the earned wages for sponsored shifts the very next day. Funds can be moved to bank or card. 
    • PayActiv fronts the money. The employer sends the advanced funds to PayActiv on payday via ACH.
    • $5 fee for up to 3 shifts in a bi-weekly pay period and a $3 fee for up to 2 shifts in a weekly pay period, $1.49 per additional shifts. PayActiv invoices the employer for the fees once a month. 

    EMPLOYEES

    Get paid for the shift by the next day. Fees for TimelyPay is paid by the employers. 

    EMPLOYERS

    Fill shifts by offering an incentive to employees. Save significant costs associated with filling these shifts. 

  • Employee Rewards Program
    BOOST ENGAGEMENT AND FINANCIAL WELLNESS
    Show appreciation with cash rewards that employees can use for what's most important to them. Our holistic financial wellness platform includes Awards feature that is at your disposal ready-to-use....

  • No Setup Required

    • Easy management through employer dashboard
    • Managers assign awards to employees in points, they can check award history, write a custom message to the awardee, and print award certificates.
    • Removes the overhead of purchasing and managing gift cards or other awards. 

    Instant Rewards

    • Employees receive a notification on their phone when they receive an award.
    • They can instantly use their award points as cash, transfer to their bank accounts or pay their bills, all from the PayActiv mobile app.
    • Employees receive instant recognition. A great incentive to shine at their job.

    EMPLOYEES

    Employees get instant gratification from receiving cash that they can use for what's important to them.

    EMPLOYERS

    Show your employees appreciation for contributions that matter the most to your business.

  • Intelligent Budgeting and Savings
    A unique approach using behavioral conditioning helps users plan and save in terms of their hourly pay. For instance, if you make $10/hr, by allocating an hour a day towards your goal, you can save $200 in 20 days....

  • Next Level Budgeting

    • PayActiv is an active financial plannign app.
    • User sets the targets and the app does the rest to bucket your earnings each day so you can track it.

    Save Before Spend

    • Saving begins even before you receive your paycheck.
    • Amount set for saving is tracked and credited to the user's savings bank account a day before payroll.

    Goal-based system powered with machine learning. Awarded Best of Show by Finovate.

    BUDGETING & SAVINGS

    Included in PayActiv Holistic Financial Wellness app at no extra cost.

    INCENTIVIZE SAVINGS

    Option to add a matching program as another benefit for employees. 

  • Payroll Card
    PAYROLL CARD WITH REAL-TIME EARNED WAGE ACCESS
    The only payroll card in the industry that comes with a complete financial wellness solution for employees including on-demand real-time access to earned but unpaid wages....

    • Best-in-Class Payroll Card Pricing - No-fee product when used in-network in the U.S.
    • Paired with our Industry-leading Earned Wage Access Solution - offering real-time, unlimited, 24x7x365 access to earned wages
    • Instant Issue Capability - Issue cards on-location for instant access

    WHY THE PAYACTIV CARD?

    Save on Payroll Costs

    • Pay final paychecks, tips, commissions, and expense reimbursements in real-time
    • Manage card issuance, inventory, and card registrations
    • Easy-to-implement, no hardware or software required
    • Save on costs vs. processing and issuing paper checks
    • Mitigate risks by improving payroll security and reducing check fraud
    • Ensure pay disbursement and access for all employees

    Improve Employee Satisfaction

    • On-demand access to pay with direct deposit
    • All employees are eligible, no credit check required
    • No fees when using the card domestically at in-networks ATMs
    • Free 24/7/365 customer support
    • Protected by Visa's zero liability policy
    • Free cash withdrawal from any Visa bank and 32,000+ in-networks ATMs
    • Manage transactions and load the card from the PayActiv mobile app

    Provide Holistic Financial Wellness Solution

    • Avoid overdrafts and loans with real-time access to earned but unpaid wages between paychecks
    • Avoid late fees on bills with integrated electronic bill pay
    • Start a savings plan in 30 seconds on the PayActiv app
    • Get one-on-one counseling with financial professionals
    • Show the app and get prescription discounts at stores near you
    • Access Uber even if the card balance is zero

    EMPLOYEES

    Save the expense and headaches of bank fees, check-cashing, and walk-in bill payments.

    EMPLOYERS

    Save on payroll costs while measurably improving employee satisfaction and employee retention.