View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 21, 2021

Comdata rolls out on-demand digital payment offering

By Shalini mani

Comdata has launched a real-time payment solution called Fintwist OnDemand on its Fintwist digital platform.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

The new offering will enable Fintwist customers to provide their employees access to earned wages before payday without changes to their current payroll processes.

Comdata Prepaid president Brian Radin said: “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.”

Reports suggest that 80% of the Americans living on paycheck to paycheck and 40% are unable to cover an unexpected expense of $400.

Comdata said that providing workers access to wages as they are earned increases their financial security.

The company introduced Fintwist OnDemand to help workers from using up their emergency savings or resorting to credit cards or payday loans in order to meet their household expenses.

Radin added: “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.

“Modernising their payroll processes offers business leaders the rare opportunity to simultaneously reduce paperwork, save time, and increase employee satisfaction.”

Fintwist digital platform, connected to a debit Fintwist Mastercard, is designed streamlines payments for employers. It also features financial management tools and education for employees.

Last September, Comdata launched Virtual Comchek, a digital payment solution that offers fleets a new way to enable their drivers to make on-demand payments.

In 2018, the company expanded its business to the trucking industry to enable all people associated with this segment to swiftly process digitised payments.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International