The Wait for Payday Doesn’t Have to Be So Long
/As lawmakers push for a faster payments network, companies may look for other ways to deliver paychecks faster
The rhythms of payday are familiar to millions of Americans. Sometimes, it’s a fun excuse to splurge; other times, it’s a painful wait that forces hard choices.
Increasingly, however, it may not have to be anything at all, according to financial-technology firms, lawmakers and others who want to change the infrastructure underlying paychecks so that workers get paid faster.