Advance pay service may reduce utilization of pay day loans Americans take away approximately $50 billion in payday advances a 12 months, each accumulating a huge selection of bucks in costs and interest. But a tiny and service that is growing allows its users to just just take an advance on the paycheck could be offering the payday loan industry a run for the cash. San Francisco-based technology that is financial also made headlines later this past year whenever Walmart,…