If you only have a couple of minutes to spare, here’s what business owners, operators, and management should know about Time Data Systems offering of Pay on Demand.
America’s pay cycle is broken. The typical worker is paid biweekly. While this is the standard, it makes little sense. Why shouldn’t employees get paid for the work they do each day?
Payday lenders often harm more than help. Because of the unfavorable pay cycle mentioned above, many Americans live in constant financial instability and are unable to weather economic shocks. In tight times, millions turn to payday lenders. These predatory operators often charge more than 600% APR, creating a cycle in which workers fall into a constant deficit, having to take out new loans to finance old ones.