Employee Empowerment Through Workforce Payments – Branch Wallet & Card

At Greenshades, we are committed to Empowering employees through financial inclusion. For two decades, we have provided exceptional solutions for payroll, tax, compliance, and human resources. Recently, we partnered with branchIt is a workforce payments platform. We collaborate on innovative ideas to solve the financial challenges of millions of American workers. Now we can offer workers no-fee debit cards, checking accounts, and digital wallets. Employers can give their workers a faster and more efficient direct deposit option. If you are interested in providing your employees with better tools to receive and handle money wisely, Greenshades and Branch Wallet and Card is the place to start.

The Branch Card and Wallet gives employees a fast, efficient and convenient way to handle payments and includes built-in financial health tools and direct access to Apple Pay and Google Pay. Greenshades has embedded the branch directly into its employee self-service portal to provide fast and free direct deposit options to all employees, including those without bank accounts, a large population within their base.

More features than a traditional payment card

With the needs of employees in mind, the branch offers a full-service checking account with a payment card. Traditional payment cards don’t really empower workers or create financial inclusion. Most payment cards are positioned as an alternative to paper checks, allowing employees to get paid faster via direct deposit. However, these cards usually Charging large, sometimes hidden fees The FDIC is often not locked. Also, typical payment cards may not work with contemporary payment platforms such as Apple Pay, Venmo, or Google Pay. And they have no requirement to allow employees to access credit or build credit. The branch card provides all these advantages and more.

employee experience

In addition to offering a non-discriminatory and fee-free checking account, the deciding factor is employee experience. We have collected and confirmed the personal information of your employees and stored this data securely in your Enterprise Resource Planning (ERP) system. With their approval, you can now share information with the branch through a secure API call. Immediately, the due diligence (KYC) and registration process was completed. Your employee can then open a bank account, install a digital wallet on their mobile device, and update their direct deposit information to route their payments to the new account. A fast and free upstart that empowers your employees and dramatically improves employee experience.

Employee time is valuable

Many candidates will be for the branch wallet and hourly workers card. Gathering documentation, going to the bank, waiting for credit approval to open an account, waiting for a debit card to arrive in the mail, and figuring out how to update their direct deposit information all take time out of work. Work in transportation, and this chore can take up to four hours of unpaid time. And even if things go smoothly and they are approved, they may find themselves with a bank account that requires minimal balances and charge hefty fees.

Greenshades with Branch has replaced this process. Setup is complete in a few clicks, and direct deposit information is entered automatically. This not only saves time, but prevents delays that accompany user errors and the time it takes to correct them. The whole process can be done on the mobile devices of your employees.

No fee, less burden

Wallet and branch card are free of charge and without burden. For employers, it saves time and expense to issue printed checks and deliver manually. The branch virtual card replaces paper checks and helps HR departments solve scenarios such as distributing tips (common in the restaurant industry) and dealing with severance pay (particularly sensitive in some states.)

Through our partnership with the branch, our team at Greenshades will continue to develop our employee offerings to provide tools and benefits that help employees move forward financially.

Call Our experts at Greenshades are asking about our new product being offered with branch And learn how it can benefit your employees and your business.

by Greenshades Software, www.greenshades.com

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