Patent ID: 8751338

Claim:
A system for providing instantaneous knowledge regarding and access to an on-demand, intra-cycle payment of accrued employee wages without impacting payroll periodic accounting and employer control of cash flow, the system comprising: (a) a storage device for storing at least payroll data for an at least one employee of an employer, wherein the payroll data associated with each of the at least one of the employees are accrued based on at least one of hours worked or a predetermined business rule in real time; and (b) a processor for performing the steps of: (i) receiving employee information based on at least one of hours worked or a predetermined business rule for a selected employee of the at least one employees in real time; (ii) proactively and continuously calculating and making available for display accrued earned income for the selected employee based at least on the received real-time employee information in real time; (iii) synchronizing said real time calculated accrued earned income with the employer's method of payroll in said real time; (iv) instantaneously providing access to said real time calculated accrued earned income synchronized with the said employer's method of payroll in said real time to said selected employee; (v) in response to receiving a request from said selected employee for receipt of all or a portion of the accrued earned income at the time of the request between periodic paydays associated with the selected employee, determining if the request is accepted or denied based at least on a predetermined business rule established by the employer by evaluating the predetermined business rule and the synchronized real time payroll information; and (vi) in response to the request being accepted, instantaneously transferring the requested all or a portion of the accrued earned income from an account associated with the employer pursuant to a predetermined business rule to an account associated with and controlled by the selected employee in said real time.