Payactiv is now a licensed earned wage access (EWA) provider in Nevada, the first state to create a unique EWA licensing system and set the gold standard in consumer protection. Following the passage of the legislation creating the license, the Nevada Financial Institutions Division issued its final regulations and licensing requirements in July 2024.
The new license requires EWA providers to uphold strong consumer protections, and Payactiv is already fully compliant with these requirements. No changes are needed for Payactiv’s product, employer partners, or payroll providers. Payactiv looks forward to continuing to partner with employers in Nevada to provide their hard-working employees with responsible alternatives to high-cost debt products like payday loans.
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* The Payactiv Visa Prepaid Card and the Payactiv Visa Payroll Card are issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 1-877-747-5862, 24 hours a day, 7 days a week.
** Central Bank of Kansas City does not administer, nor is liable for earned wage access.
Payactiv holds earned wage access services (EWA) license number 2591928EWA with the Wisconsin Department of Financial Institutions.
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