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N ew Pr oducts
NewProducts

Help customers unlock paycheck

liquidity before payday

With EarlyPay, Atomic partners and customers are able to
meet end-consumer demand for EWA solutions while of-
fering a competitive solution to differentiate their product
suites, and boost loyalty with customers while growing di-
rect deposit acquisition, the company stated, further not-
ing that EarlyPay complements Atomic's technology suite,
which includes the following solutions:
• Deposit: Digitally setup and update payroll distribu-
tions.
tomic, a digital, card-based payments platform • Verify: Automate income and employment verifica-
provider powered by Visa, enhanced EarlyPay, tions.
a solution designed to help consumers access • Withhold: Unlock year-round tax refunds for cus-
A earned but unpaid wages. The solution enables tomers.
customers to unlock paycheck liquidity by tapping earned • Paylink: Pay and repay loans and bills directly from
but unpaid wages ahead of their employers' pay cycles, the paycheck
stated Lindsay Davis, head of markets at Atomic.
• EarlyPay: Pay out earned but unpaid wages or embed
"EarlyPay was a solution in high demand from customers EWA.
ranging from early stage startups through to tier one finan- Growing partner ecosystem
cial institutions looking to bridge the gap for consumers
to access their earned but unpaid wages," Davis said. "Our Atomic has partnered with top neobanks and was the first
EarlyPay solution leverages our existing expertise in direct service provider to offer Uplink, an automated direct de-
deposit switching with our Deposit solution and secure ac- posit switch that connects devices to payroll systems with-
cess to consumer-permissioned payroll data, such as view- out requiring consumer credentials, Davis noted. Uplink is
ing time and attendance, with our Verify solution." VPN compatible, expanding Atomic's reach to employers
that would otherwise be hidden behind a VPN system, she
Davis went on to say that traditional pay cycles do not al- stated.
ways align with bill pay, which can put millions of consum-
ers at risk of incurring overdraft fees and high interest rates Atomic has also given its machine learning team an im-
for missing a closing date. New entrants have addressed mense amount of training datasets and ML algorithms to
this need with earned wage access (EWA) as an employer help manage payroll system issues, the company stated,
benefit, she stated, but few have tailored product offerings adding that it is proud of its partnerships and high custom-
for financial institutions and fintech companies operating er approval ratings. Customer success and product teams
outside the benefit stack of participating organizations. are open and candid throughout the entire customer life-
cycle, the company noted.
With Atomic, however, participants can help their custom-
ers unlock paycheck liquidity by tapping earned but un- The best proof of concept at Atomic is its extensive and
paid wages ahead of employer pay cycles, Davis added. growing partner ecosystem, the company stated, pointing

Easy integrations, compatible tech out that it works with 80 percent of the largest neobanks in
the United States.
Payroll represents a rich store of consumer data, Atomic
representatives noted. Making that data accessible and in- "We were the first service provider to get serious volume,"
teroperable has the potential to drive new, lower-cost finan- Davis said. "That gave us an early advantage, but the con-
cial products for customers, thereby improving their finan- tinued volume we see is enabling us to continue to build on
cial outcomes while providing financial institutions with that advantage. Our machine learning efforts and Uplink
new tools to reduce fraud, improve privacy and increase are two examples of that."
customer retention.
Company: Atomic
EarlyPay leverages Atomic's Deposit and Verify solutions, Product: EarlyPay
enabling Atomic customers and partners to integrate an
earned wage product and meet growing demand from end Website: https://atomic.financial/
consumers for paycheck access ahead of the next payday, Contact: lindsay@atomicfi.com
Atomic representatives stated.
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