On-demand pay through the RTP network Qorus Banking Innovation Awards 2023

EarnIn, a U.S. payroll service provider, and CBW Bank, EarnIn’s partner bank, have partnered with The Clearing House (TCH) to provide much-needed instant and on-demand pay to end users via TCH’s RTP® network, a real-time payments system. This innovative partnership allows employees to access wages early before payday, combating traditional issues associated with fixed payment schedules by allowing them to withdraw funds for urgent, unexpected, or even everyday expenses. The EarnIn, CBW Bank and TCH initiative allows EarnIn users to access their pay within minutes of earning it, which allows them to improve their financial wellness and reduce their financial stress. On-demand pay through EarnIn, CBW Bank and TCH also benefits employers, who are better able to attract and retain talent. Additionally, businesses offering on-demand pay experience improved cash flow, efficient operations and improved customer experiences, making on-demand pay a win-win benefit for all parties involved.