Bloomberg Tax
April 23, 2020, 4:38 PM

Conference Report: On-Demand Pay Programs May Find Niche in Virus Crisis

Michael Trimarchi
Michael Trimarchi

On-demand pay, a growing payroll trend that allows early access to earned wages, may find increased use by workers who need quick access to cash to buy masks, hand sanitizers, special gear, and supplies during the coronavirus crisis.

With many employees facing layoffs and reduced work hours, those who remain in the workforce may favor quick-pay options, said Matthew E. Kopko, vice president of public policy at Daily Pay Inc. in New York, which provides a smart-phone application that allows access to wages before regularly scheduled paydays.

Even before the virus crisis, many cash-strapped workers found it difficult to cover ...

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