Comdata Puts New Twists on Payroll Cards
Its Fintwist product aims to help employers recruit and retain workers
The way companies pay workers has fallen out of step with their financial needs, and Comdata is looking to fix that with its Fintwist Payroll product.
In the latest episode of the IPA Payments Pod, we talk with Brian Radin, the president of Comdata’s prepaid business about how the company has adapted its payroll business to meet the changes brought on by long-term trends and the acute problems that some companies are facing in the wake of the COVID19 Pandemic.
Recognizing the companies are having a hard time recruiting and retaining, Comdata wanted to provide them with a product that would appeal to employees having a tough time managing their finances. By offering earned wage access and financial information in conjunction with a no fee account, they hope to make payroll a way for the companies to stand out in recruitment.
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To learn more about Fintwist, visit its Web site at Fintwist - Superior Workforce Payment Solutions (fintwistsolutions.com)
The Fall Regulatory Season Is Upon Us, and It Could Be A Lot Less Sweet than Pumpkin Spice Season
Summer may be winding down, but with the return of Congress, the regulatory season will soon be in full swing. With agency heads to be appointed and confirms, lawsuits making their way through the courts, and talk of reopening regulations like those created for the Durbin Amendment, things will get busy in Washington and beyond.
In this episode, the IPA’s CEO Brian Tate breaks down some of the currents that will drive all of this activity. We talk about the possible new agency heads for the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, the PayPal v. CFPB lawsuit, and possible changes to transaction routing for online merchants.
Subscribe and listen to the podcast through your favorite app or on the IPA Web site here: Podcast - Innovative Payments Association (ipa.org). Make sure to leave us a review if you find the content helpful!
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