1099 Workers, Independent Contractors, Wage Payouts, Reimbursements and More
Sarah Grotta of Mercator Advisory Group talks to Galileo’s Cole Wilkes on driving gig economy innovations with debit cards and digital payouts.
The gig economy is booming, driven by a host of factors and accelerated on many fronts by COVID-19. Income from part-time and 1099 work is increasingly important to sustain individuals and families, and to supplement incomes.
This is why better payout solutions are so important to the gig economy. Options that make gig workers wait weeks or even months to be paid are obsolete and disadvantage people who rely on this income.
In this Mercator Advisory Group podcast, Sarah Grotta, director, Debit Advisory Service, leads Cole Wilkes, general manager of Galileo Instant, in an exploration of alternatives to checks—and even ACH transfers—to speed payouts to gig workers using debit cards and the Galileo Instant digital banking solution.
Galileo Instant, recently recognized as Best New Product by Tearsheet, is a white-label debit card program that enables many types of businesses to create their own debit cards and pay gig workers quickly and without high overhead.
Click here to listen to the lively podcast focused on payout solutions for the gig economy. Or read the Mercator Advisory Group’s article here.
3 Ways Banks Can Overcome the Tech Modernization Hurdle
Financial institutions must modernize their core banking technology to meet consumer demand for digital and remain competitive. Galileo’s Tania Grambo offers three tips to successfully accomplish this critical tech transformation.
Fintech and Banking Through Human-Centered Strategic Partnerships
How human-centered fintech partnerships drive success through collaboration, innovation, and the personal touch in financial technology.
How Brands and Banks Can Win Big with Embedded Finance Partnerships
Banks and brands both stand to reap major rewards from joining forces to offer embedded finance tools. Here’s how both sides can get the most out of these high-potential partnerships.
3 Steps for Optimizing Financial Fraud Detection Tools
Payments and financial services fraud isn’t going away–and it’s becoming increasingly expensive. Here’s what providers need to consider when developing and analyzing cost-effective fraud detection tools.
Adapt or Become Irrelevant: Incremental Core Modernization vs Full Transformation
Banks need to upgrade their banking cores. Learn more about three of the most important considerations your FI must weigh when plotting your path forward.