AltaOne Launches AI-Powered 'AnyTimePay' and Announces Strategic Investment in Veep​

Stephanie Sievers

AltaOne Federal Credit Union today announced the launch of AnyTimePay™, Veep Software’s AI-powered earned wage access solution, providing members with responsible access to earned wages before payday directly through their trusted credit union.

As part of the partnership, AltaOne has made a strategic investment in Veep. The investment underscores AltaOne’s commitment to innovative financial wellness solutions that help members navigate everyday financial challenges and reflects its confidence in Veep’s leadership, technology, and long-term vision for helping financial institutions deliver modern financial wellness solutions.

For many working consumers, financial stress is not caused by a lack of effort or responsibility. It is often caused by timing. A medical payment, rent, utility bill, or unexpected expense may be due today, while the next paycheck does not arrive for several more days. That timing gap is where overdraft fees, late fees, payday loans, and other costly alternatives often appear.

AltaOne is offering AnyTimePay to help members bridge that gap responsibly. By giving members access to wages they have already earned, AnyTimePay helps reduce financial stress, improve cash flow management, and provide a safer alternative to high-cost short-term liquidity options.

According to the Financial Health Network, consumers spend more than $300 billion annually on alternative financial services. It is estimated that for median wage earners, the cost of fees, penalties, and interest can reach as much as $200 per month. These costs highlight the need for financial institutions to provide more timely, responsible liquidity solutions that meet members in the moments when they need support most.

AnyTimePay uses artificial intelligence to analyze member behavior and assess risk, helping prevent over-advancement while promoting responsible usage. By allowing members to access earned wages before payday, the solution helps strengthen financial security, improve money management, increase engagement, and reduce reliance on high-cost, risky payday lending alternatives.

Stephanie Sievers, CEO of AltaOne, said:
“At AltaOne, we are always looking for innovative ways to strengthen the financial well-being of our members. Too often, financial stress is not about whether someone is responsible; it is about whether the timing of their income matches the timing of their obligations. A bill may be due today, while a paycheck arrives several days later. AnyTimePay helps members bridge that gap responsibly by giving them access to wages they have already earned. We believe this solution can reduce financial stress and help our members avoid costly alternatives. When we looked at the impact this solution could have on our members, we knew we wanted to do more than offer it. We wanted a seat at the table to help support its future. That’s why we chose to invest in Veep. It gives us the opportunity to champion innovation that aligns with our mission and helps ensure our members have access to tools that make their financial lives easier.”

Drew Hyatt, CEO of Veep, said:
“AltaOne is exactly the kind of forward-thinking financial institution we built AnyTimePay for. They understand that the future of financial wellness is not just about offering more products. It is about showing up at the right moment, when members need access to liquidity and support. Their commitment to improving member financial well-being, combined with their decision to invest in Veep, is a powerful endorsement of both our technology and our mission. We are incredibly proud to partner with AltaOne as they bring responsible earned wage access to their members, and excited to have them join us as an investor as we continue building the future of financial wellness for banks, credit unions, and their communities.”

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