Branch, the workforce payments platform, announced the launch of a new tool to pay out earners instantly.
Complementing the platform’s award-winning mobile wallet and range of offerings for accelerating payments, Branch Direct is “a web-based, instant payment solution that allows companies to pay out workers directly to an existing bank account.”
Branch Direct equips companies “with a simple, no code accelerated payments solution that can be set up within days.”
Without any engineering resources or pre-funding required, businesses can “launch the Branch Direct web portal to give earners the option to receive instant payouts directly to the worker’s personal bank account via their connected debit card.”
Companies can easily “onboard and pay out individuals for completed work with Branch Direct at any time, including nights, weekends, and holidays.”
Branch Direct also “offers earners fee-free options to get paid, including instant payouts to a Branch account and ACH transfers to a personal bank account.”
Branch CEO Atif Siddiqi said:
“As companies realize the positive impact instant payments can have on an individual’s cash flow and how that improves talent retention, they’re looking to provide multiple, easy ways to get paid quickly. Branch Direct addresses this need by offering more flexible, efficient options for companies to deliver and earners to receive instant payouts.”
For businesses looking to quickly embed instant payments directly into their work portals or applications, Branch also “offers Branch Direct Embedded.”
Branch Direct Embedded allows companies “to incorporate Branch Direct into an existing mobile application or platform for a uniform work and pay experience, including the ability to offer an instant payment option directly into their onboarding flow.”
An easy, low-code integration, Branch Direct Embedded can “be set up with as few as three API calls and one web widget.”
Branch Direct and Branch Direct Embedded are both available for sign-up.
As noted in the update, Branch claims it is “the leading workforce payments platform that helps businesses compete for workers by enabling instant payments and other financial services with easy-to-launch solutions.”
By replacing slow, expensive pay processes with one that works better for everyone, Branch empowers companies “to better attract, engage, and retain their workforce.”
Workers that sign up with Branch can “receive a digital bank account, debit card, free instant access to earned wages, rewards, and personal finance tools to help them manage their cash flow between paychecks.”
Branch partners with “the nation’s leading companies in logistics, last-mile delivery, manufacturing, restaurants/hospitality, and healthcare.”
