Earned Wage Access
Earned Wage Access (EWA) enables employees to access wages they have already earned before payday. When structured correctly, Earned Wage Access provides financial flexibility without creating loans or long-term debt.
Veep delivers AI-driven, risk-aligned Earned Wage Access using a multi-source income verification framework through the AnytimePay Platform.
What Is Earned Wage Access?
Earned Wage Access allows employees to access a portion of wages already earned during a pay period. Unlike traditional credit products, Earned Wage Access is not a loan. It is early access to verified earned income.
When implemented properly, Earned Wage Access:
- Improves short-term liquidity
- Reduces reliance on high-cost alternatives
- Supports financial stability
- Aligns access with verified income data
Earned Wage Access must be structured carefully to avoid creating repayment friction, compliance risk, or unintended financial exposure.
How Earned Wage Access Works
Multi-Source Income Verification
Verification may include core transactional data or payroll integrations depending on deployment model.
- Core transactional data (primary for banks and credit unions)
- Payroll integrations (primary for employers; optional for banks/CUs)
- 100% coverage including gig workers and contractors
AI-Driven Decisioning
AI evaluates affordability thresholds, usage behavior, and risk signals before access is granted.
Automated Settlement
Settlement occurs via payroll reconciliation or structured account settlement without revolving debt mechanics.
AI-Driven, Risk-Aligned Earned Wage Access
Veep’s model combines verification, affordability controls, monitoring safeguards, and governance design. Learn more about AI-Driven, Risk-Aligned Earned Wage Access.
