How much is your payroll data worth? Probably a lot more than you think. One financial startup that’s targeting the gig worker market is offering up to $500 to anyone willing to hand over the payroll account username and password given to them by their employer, plus a regular payment for each month afterwards in which those credentials still work.
This ad, from workplaceunited[.]com, promised up to $500 for people who provided their payroll passwords, plus $25 a month for each month those credentials kept working.
New York-based Argyle.com says it’s building a platform where people who work multiple jobs and/or side hustles can improve their credit and employment options by pooling all of their gig work data in one place.
“Consumers’ access to financial security and upward mobility is dependent on their access to and control over their own employment records and how easily they can share those records with financial institutions,” Argyle explained in a May 3 blog post. “We enable access to a dataset that, for too long, has gone unstandardized, unregulated, and controlled by corporations instead of consumers, contributing to system-wide inequalities.”
Argyle’s app flow. Image: Argyle.com.
In that sense, Argyle is making a play for a discrete chunk of a much larger employment data market dominated by the major credit bureaus, which have been hoovering up and selling access to employment data for years.
The 800-lb. gorilla there is Equifax, whose The Work Number product has for years purchased ..
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