Gig Workers Being Paid $500 for Payroll Passwords

2021-05-12 16:50

Fintech startup Argyle, a financial-services platform aimed at gig workers, is working to replace credit scores assigned by bureaus like Equifax.

Argyle is marketed as a way for the growing numbers of gig workers to consolidate income data across several employers so they can more easily apply for credit.

Argyle compiles data on those workers and provides an application program interface to lenders that allows them to assess the creditworthiness of freelance workers.

So Argyle wants to workers to provide it access to their payroll platforms.

To build out its platform, Argyle offers $500 for employees willing to provide their payroll information and a recurring $25 payment each month those credentials remain valid.

According to Argyle, the company's platform currently has access to more than 500,000 companies, including 26 percent of the Fortune 500 and more than 90 million employment records.

News URL

https://threatpost.com/gig-workers-paid-payroll-passwords/166086/