Patent attributes
A method and system for providing early payment for earned, accrued wages to a worker that includes receiving over an electronic network, from at least one of the worker and an employer's tracking and payment system, earnings data for the worker; receiving, from the worker, data for accessing and effecting transactions in an account associated with the worker; calculating an hourly wage for the worker; calculating the hours for which payment can be accelerated and for which payment cannot be accelerated; calculating a value of funds to be transferred to the worker based on the hourly wage and accelerated hours; and debiting the account associated with the worker based upon the calculated value of funds.