[March 08, 2023]

Atomic's New EmployerLink Solution Drives Competitive Advantage for Earned Wage Access Providers

Atomic, the market-leading provider of payroll connectivity, unveiled new EmployerLink capabilities today-providing a powerful infrastructure for Earned Wage Access (EWA) solutions. Through employer permissioned access into payroll and Human Resource Information Systems (HRIS), companies can implement a fully automated solution to go to market quicker, attract and retain talent, improve employee productivity, and maintain payroll integrity.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230308005349/en/

Atomic's EmployerLink solution gives Earned Wage Access (EWA) providers a secure, scalable solution to give workers access to their earned, but unpaid wages when they need it most. (Photo: Business Wire)

Employers are increasingly turning to EWA benefits. 76% of surveyed employees across all age, education, and income levels said it was important for their employer to offer EWA (ADP Study, 2022). By utilizing Atomic's SDK, EWA providers can simplify integrations with payroll and time and attendance systems making it possible to onboard businesses in days, instead of weeks or months. Atomic's unique combination of employer and user permissioned payroll access allows EWA providers to maintain relationships directly with consumers, even when they switch jobs.

"Everyday, people's wages are being kept from them until payday. We need to change this cycle. Bringing closer alignment between when wages are earned and paid allows for more financial liquidity," said Jordan Wright, CEO and Co-Founder of Atomic."Early access to paychecks puts the power of the paycheck back into the consumer's hands."

The EmployerLink EWA solution is a powerful and scalable tool that eliminates the need to build integrations with each payroll provider. Atomic's software development kit (SDK) provides instant access to our entire network of connections, giving EWA providers the ability to conveniently expand enrollment in programs using Human Resource Information Systems (HRIS) data to validate hours worked in a given pay period and avoid overextension.

The reduced time to market, enhanced data security, and developer friendly SDK allows EWA companies to focus on what matters. A convenient interface makes it easy for employers to connect their HRIS and time and attendance systems without having to set up complicated software infrastructure and involve IT teams.

"By leveraging Atomic's EmployerLink, businesses can now access and manage their data with unprecedented speed and efficiency, revolutionizing the way they are able to sync their HRIS, time and attendance, and other software," said Andrea Martone, Head of Product at Atomic.

About Atomic

Atomic is the market-leading provider of payroll connectivity, trusted by over 160 financial institutions, fintech firms, and partners, including 13 of the largest fintech apps, as well as financial firms offering digital-first neobanks, alternative lending, crypto exchanges, and digital brokerages.

Atomic provides the infrastructure to connect consumers to their financial data, automate set-up and updates to direct deposits, digitize income and employment verifications (VOI/VOE), repay financial obligations from their paycheck, access earned but unpaid wages, and tap tax filing advantages, as well as benefits and insurance connectivity through its EmployerLink solutions. Atomic's suite of API solutions simplifies complicated payroll and human resource platform integrations that cover over 480 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems.

Atomic is ranked by CB Insights as a Fintech 250, selected by Fintech Breakthrough Awards as a Best Banking Transaction Solution, and is recognized as a Top Work Places 2022. Atomic has raised $78.6 million from investors, including Greylock, Mercato Partners, Core Innovation Capital, Portage, and ATX Venture Partners. For more insights on the intersection of fintech and payroll, you can subscribe to Atomic's Intelligence newsletter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230308005349/en/

[ Back To TMCnet.com's Homepage ]