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Food, Hospitality Retailers Using Daily Paycheck System

Several dozen other food and hospitality retailers such as McDonald's and Outback Steakhouse are using daily paychecks to give low-wage workers more flexibility with their finances. Steve Barha, CEO of Instant Financial, the technology company enabling retailers' move to same-day pay says the idea is that employees can have access to quick money in case something important comes up. This option also helps older workers who, like many of their younger colleagues, aren't in the strongest financial situation. Barha tells Business Insider, "On day six of the pay cycle, you can't all of a sudden pull days three, four, and five of the pay cycle, and now you have a bunch of money. It's really a little bit of money, and it's there when you need it."
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