Comdata, the leader in payroll cards, launched Fintwist OnDemand, a real-time payment process incorporated into the company’s innovative digital platform.
It revolutionized how employees were paid – and helped organizations save money by eliminating paper checks and the costs that go with printing and processing them, improving payroll efficiency.
At the time, the Comdata payroll card was a Mastercard-backed card that employers loaded wages onto. Employees could access their funds or use the card wherever Mastercard was accepted. Since our beginning, Comdata has provided paycard solutions for tens of thousands of clients and millions of cardholders.
Today, the Comdata Paycard has morphed into a comprehensive digital payment solution called Fintwist. With Fintwist, employees gain the advantages and power of an online banking account without the monthly service fees or balance minimums.
of employees with high financial stress say it distracts them at work sometimes, often, or very often1
of individuals in America would experience financial difficulty if their paychecks were delayed for a week2
60% of workers would be more likely to stay at a job that offered more financial wellness benefits
1. Financial Health Network, Workplace Financial Health, 2021. www.finhealthnetwork.org
2. 2020 “Getting Paid In America” survey conducted by the American Payroll Association (APA)
Fintwist OnDemand gives employees more control over when and how they get paid – and lets employers offer more options at no additional cost.
Quite simply – it’s better for everyone.