Rain upholds the fundamental principles of trust and privacy, only collecting the limited data necessary to power the product and requiring the least amount of data in the market.
Rain primarily relies on three elements - the most lightweight in Earned Wage Access - to calculate employees’ actual earned wages and identify employees when they sign up on the Rain app.
Unique employee ID / First and Last Name
Contact information, email and phone - in order to match employees when they sign up for the app
Pay Rate information, such as frequency, pay type (e.g., hourly), and amount of rate
By never requiring any additional personally identifiable information (PII), such as social security number or date of birth, Rain deploys Earned Wage Access as the most responsible, data-minimalistic provider in the space.
Rain operates its own proprietary data ingestion system in order to offer its Earned Wage Access product to employees. Raw employment data provided to Rain by the employer are never shared to any third party.
Rain is committed to being the most responsible and compliant EWA provider by adhering to all federal and state regulations, and meeting all guidelines for EWA programs set by the Consumer Financial Protection Bureau (CFPB).
Rain meets rigorous compliance standards by offering Earned Wage Access as an Employer Payroll Model, always providing funds to the employee's chosen account, and providing employees with a no strings attached method to access the funds.
Rain’s technology and protocol makes it extremely easy to implement Earned Wage Access. With existing integrations to most payroll and timekeeping systems in the market, ingesting minimal employee data to calculate accurate earned wages is quick and easy.
Data collection and dashboard creation is streamlined with Rain's data connectivity, payroll process, and employee experience workstreams.
Our fastest implementation SLAs in the market get you and your employees up and running in no time.
Rain’s Earned Wage Access platform was built to be seamless for both employers and employees. The in-app employee experience is extremely easy and employee balances are updated in near real-time.
Because of Rain’s existing integrations with timekeeping and payroll systems, processing employee payroll adjustments is easy to do. Rain’s commitment to compliance means employers will never have to worry about direct deposit accounts that would slow payroll down.