The American Fintech Council (AFC) has announced the inclusion of Immediate as its latest member. Immediate, a fintech platform, offers a comprehensive pay access system that includes earned wage access, off-cycle payments, cashless tips, and employee pay cards. This integration aims to support employers in streamlining payroll operations while empowering employees with real-time access to their earnings.
Phil Goldfeder, Chief Executive Officer of AFC, commented on the development: “Immediate is transforming how employees access their earnings with a solution that prioritizes both financial well-being and operational efficiency.” He further emphasized that Immediate's model aligns with AFC’s mission to support responsible fintech companies that prioritize consumer interests.
Immediate provides various channels for employees to securely access their wages, including real-time bank transfers and next-day ACH deposits. The platform integrates seamlessly into existing payroll systems, enabling businesses to offer real-time pay options without additional administrative burdens. This approach aims to reduce financial stress among employees and enhance engagement.
Matt Pierce, CEO of Immediate, expressed enthusiasm about joining AFC: “At Immediate, our goal is to provide workers with responsible access to their earnings while making payroll simpler and more efficient for employers.” He highlighted the opportunity to collaborate with other companies focused on improving financial outcomes through technology.
AFC serves as a trade association representing major fintech companies and innovative banks offering embedded finance solutions. Its mission is centered around promoting a transparent and inclusive financial system by supporting responsible innovation in financial services.
Immediate was founded in 2019 and focuses on revolutionizing employer support for teams through its all-in-one solution. By integrating seamlessly with existing systems, it aims to reduce financial stress among employees while improving retention and productivity.