Comdata Launches Fintwist Solution to Help Companies Cut Payroll Costs and Financially Empower Employees
Business Wire 29-May-2019 9:00 AM
New, secure digital payment solution transforms payroll from an
overhead cost into an employee benefit
Comdata, a FLEETCOR company (NYSE:FLT) and leader in corporate payment
innovation, today 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 21st century
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.
To learn more about Fintwist, click here.
About COMDATA
Comdata Inc., a FLEETCOR company, is a leading provider of innovative
payment and operating technology that drives actionable insights from
spending data, builds enhanced controls and positively impacts its
clients' bottom lines. The company partners with more than 30,000
businesses to better manage $55B in annual fleet, corporate purchasing,
payroll and healthcare spending, making it one of the largest fuel card
issuers and the second largest commercial MasterCard provider in the
United States and Canada. Founded in 1969 and headquartered in
Brentwood, Tennessee, Comdata employs more than 1,300 professionals
across North America. To learn more about Comdata, Inc., visit www.comdata.com.
About FLEETCOR
FLEETCOR Technologies (NYSE:FLT) is a leading global business payments
company that simplifies the way businesses manage and pay their
expenses. The FLEETCOR portfolio of brands help companies automate,
secure, digitize and control payments to, or on behalf of, their
employees and suppliers. FLEETCOR serves businesses, partners and
merchants in North America, Latin America, Europe, and Asia Pacific. For
more information, please visit www.FLEETCOR.com.
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