Virtual paycards designed to reduce fraud and offer more seamless pay options
Instant Financial, a fintech company focused on modernizing how frontline employees get paid, has introduced its new Virtual Paycard a fully digital, no-cost solution that puts earnings directly into workers’ digital wallets.
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Instead of waiting for plastic paycards to arrive in the mail, employees can now access their wages and tips instantly on day one of the job. The card, a secure Visa debit, works online, in stores, and can be added to Apple Wallet, Google Pay, or Samsung Pay for tap-to-pay convenience. For workers who still prefer a physical card, they can order one themselves through the app without any manager involvement.
With nearly 70% of young adults already using digital wallets, Instant’s new solution arrives at a time when contactless, on-demand payments are quickly becoming the norm. For employers, the shift means no more inventory management of paycards, fewer fraud issues tied to lost or stolen cards, and smoother onboarding for remote and high-turnover teams.
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“This marks a major step forward for employers looking to simplify payroll while giving workers — including those without bank accounts faster access to their earnings,” said Tal Clark, CEO of Instant Financial. “Virtual paycards eliminate administrative hassles, prevent fraud tied to physical cards, and give employees more control over their money through a secure mobile experience.”
The benefits are clear:
For employers: faster onboarding, reduced payroll headaches, less fraud risk, and compliance with states requiring immediate termination pay.
For employees: day-one access to earnings, tap-to-pay anywhere, 24/7 app support, and no need for a bank account.
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The Virtual Paycard is part of Instant’s broader suite of real-time payment tools, including earned wage access, digital tipping, and financial wellness features. Since pioneering the paycard model for earned wage access in 2015, Instant has become a leader in frontline payments, processing more than $7.5 billion in wages and $4.5 billion in digital tips for brands like Church’s Chicken, Bloomin’ Brands, and Sun Holdings.
By moving away from plastic and embracing fully digital pay, Instant is giving both employers and employees what they want most: faster, safer, and more flexible access to money.
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