Every day is Payday… Access On Demand to Earned Wages Empowers Employees with Financial Flexibility to Meet Their Changing Needs
Comdata, a leading provider of innovative payment solutions, announced the launch of Fintwist OnDemand, a real-time payment process incorporated into the company’s innovative Fintwist digital platform. Fintwist customers can now offer their employees access to earned wages before payday without changes to existing payroll processes.
“Fintwist OnDemand is a win-win, employers protect their businesses, while genuinely supporting their employees’ needs.”
“Fintwist OnDemand enables our customers to provide their employees the financial flexibility needed, especially now, to cover expenses between paychecks, without the financial burdens of costly loans or advances,” said Brian Radin, President of Comdata Prepaid.
With nearly 80% of Americans living paycheck to paycheck and 40% unable to cover an unexpected $400 expense, access to wages as they are earned provides workers with greater financial security. The Coronavirus has intensified economic uncertainty and employees’ personal stress. Fintwist OnDemand can help workers avoid draining their emergency savings or resorting to interest-bearing credit cards or predatory payday loans to cover household expenses.
“As we emerge from the employment crisis created by COVID-19, employers will need tools to compete for new employees and retain those that are critical to their recovery. Modernizing their payroll processes offers business leaders the rare opportunity to simultaneously reduce paperwork, save time, and increase employee satisfaction,” continued Radin. “Fintwist OnDemand is a win-win, employers protect their businesses, while genuinely supporting their employees’ needs.”
A FLEETCOR solution and backed by Comdata’s 50 years of experience, Fintwist offers a digital platform that streamlines payments for employers and provides financial management tools and education for employees, all connected to a debit Fintwist Mastercard.