NCR Corporation, an enterprise technology provider, has expanded its partnership with Payfare Inc., the FinTech serving gig workers.
Under the partnership, NCR will provide self-service financial solutions for Payfare’s cardholders across the United States for both cash-in and cash-out transactions.
Payfare, which powers instant payouts and loyalty rewards for the largest gig economy platforms in the United States, has been a partner of NCR for its Allpoint ATM network, which offers surcharge-free cash access for over 1,200 card issuers at 40,000 ATMs nationwide. Under the expanded partnership, Payfare’s cardholders will gain access to Allpoint+ cash-accepting ATMs, enabling cash deposits in addition to cash withdrawals.
Payfare is also leveraging NCR Pay360, an API solution that allows cardholders to access cash in their account with a simple, secure code via Payfare’s digital banking apps. Such functionality will enable Payfare cardholders to withdraw cash without requiring a physical debit card.
“Our cardholders have leveraged NCR’s retail-based Allpoint ATM network to access cash where they live and shop, and we are confident that this expanded partnership will offer even more value,” said Marco Margiotta, CEO, and Founding Partner at Payfare. “With NCR, we are supporting new transactions and will enhance self-service financial solutions in a safe, secure, and efficient manner at scale for gig workers across the United States.”
“Payfare is investing in software and services that will help on-demand economy platforms deliver compliant, reliable payments to their gig workers,” said Don Layden, EVP, President, NCR Banking. “Through NCR’s innovations, Payfare’s users benefit from more efficiency and speed and unmatched density and scale. We are proud to support Payfare in serving the financial needs of gig workers and bringing new capabilities to on-demand marketplaces.”