Comdata Launches Fintwist Solution Helps Companies Cut Payroll Costs and Empower Employees

Secure digital payment solution transforms payroll from an overhead cost into an employee benefit

Comdata, a FLEETCOR company launched Fintwist, a digital payment solution that helps companies empower their employees with better access to wages and financial management tools. Backed by Comdata’s 50 years of industry expertise, Fintwist captures innovative, alternative banking methods in a solution designed for the new era of digitally driven enterprises and tech-savvy employees. The solution is available online and via mobile app.

At a time when workforce dynamics and demographics continue to evolve, Fintwist provides employees a modern and convenient way to get paid, make payments, send money to friends and more – enabling immediate access and full control of their wages within a digital payment solution. The highly secure solution is linked to a Fintwist Card, which can be used anywhere Mastercard is accepted. For employers, the no-fee solution is easy to implement and easy to use, creating new efficiencies and cost-savings in payroll processing that transform payroll from a cost center to an empowering employee benefit.

“A convergence of significant workforce trends – including the emergence of the gig economy, the growth and influence of Millennials in the workplace and rising consumer preference for digital solutions – are forcing companies to reevaluate how they serve their workers,” commented Brian Radin, president of Comdata’s Prepaid and Payroll Card division. “By providing workers with a more transparent and intuitive way to manage their money, Fintwist can strengthen a company’s appeal as a destination workplace – boosting both employee retention and acquisition.”

Fintwist also provides financial management tools that give employees insight into where they spend their money and allow them to make informed financial and budgeting decisions. Taking advantage of the Fintwist solution, employers can help employees better navigate their personal finances, empowering their workforce and minimizing any productivity lost to financial stresses.

“We look forward to helping companies reduce the costs and headaches of traditional payroll by offering Fintwist as a 21^stcentury solution. Through the introduction of Fintwist, we will serve as a champion for employees who demand better alternatives to bank accounts and paper checks for managing their money,” concluded Radin.

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