Branch expands earned wage access with flex model

Branch is updating how employees access their paychecks with a new 'flex model' for Earned Wage Access (EWA). For business owners and operators, this means more ways to offer financial perks to your staff without disrupting your existing payroll flow. The new system allows companies to choose between different funding sources and integration levels. You can now launch EWA programs even if you don't want to change your primary payroll provider or bank account. For the retail and service sectors, this is a competitive tool for retention. The flex model allows employees to bridge the gap between paydays, reducing their reliance on high-interest credit cards or predatory payday loans. Because the platform integrates more deeply with existing workflows, your managers spend less time on manual approvals. The goal is to make daily pay a standard benefit that helps hourly workers manage unexpected expenses. By providing this liquidity, you reduce financial stress in your workforce, which often leads to better performance and lower turnover in high-volume environments like retail or automotive shops.

Source: Finextra — Lending

← Return to the library· Submit a correction