Los Angeles, May 8, 2024–(BUSINESS WIRE)–Crypto.com Arena, Peacock Theater and LA LIVE offer new payroll options to part-time employees via Fiserv's Money Network electronic payroll service It offers.
Part-time employees can now choose Earned Wage Access (EWA) via Money Network® current wage. This increasingly in-demand benefit allows employees to receive a portion of their paycheck as they earn it, without having to wait for weekly, biweekly, or monthly paydays. Along with direct deposit and standard paper check options, EWA provides flexibility and choice to make payments in a way that best fits your employees' daily lives. Money Network is also increasing his AEG's efficiency by digitizing payroll management.
“The way people work and their expectations for how they get paid are changing. Employees need to get paid early for a variety of reasons, including to protect against unexpected expenses and avoid late fees. “We appreciate employers who offer more flexible options beyond the standard payday,” said Nigel Andre, senior vice president of prepaid solutions at Fiserv. “Combining access to earned wages with the flexibility of advance pay programs is a powerful demonstration of how employers are leveraging technology to attract and retain talent in today's digital-first world. This is a powerful example.”
Through Money Network, AEG will be able to pay salaries directly and electronically to employees' Money Network accounts. Employees who receive a paycheck through Money Network can monitor their budget and spending online or via a mobile app, make purchases using prepaid debit cards, access in-network ATMs, transfer funds, and use digital wallets. Can be enabled. Instead of waiting for weekly, biweekly, or monthly paydays, Crypto.com Arena, Peacock Theater, and LA LIVE employees now know when, where, and how they will receive their paychecks as they get paid. You can control it.
“During the pandemic and after, many workers have joined companies like Uber and DoorDash to earn a daily wage,” said Sr. Human Resources and Office Services at Crypto.com Arena, Peacock Theater and Los Angeles Live. Vice President Angela Baker said. “We wanted to give our employees the option of not having to wait two weeks to receive their paycheck.Money Network is currently available to part-time employees for free and without having to pay check cashing fees. No, come join us for a great event and have money to spend the next day.”
With a Money Network account and direct deposit options, you can access your funds in near real-time without having to physically pick up a check or wait in line to cash it. In addition, there are no check cashing or postal money order fees, payments are made automatically, so you can rest assured, you don't have to worry about checks being lost or stolen, and you reduce paper waste, so it's environmentally friendly.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240508351776/en/
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carla vanderhook
cvanderhook@aegworldwide.com
