Mastercard has teamed up with a voluntary benefit company and banking institution last week to help hourly employees make ends meet by providing easy access to their wages before payday.
Minneapolis-based financial wellness benefit company, Branch, was founded as a scheduling platform for part-time jobs. Now they provide early wage access to hourly workers at no charge, budgeting tools and suggestions for shifts to pick up when bills are due. Partnering with the credit card giant, and Evolve Bank & Trust, grants Branch users easy access to their paychecks through a new debit card and account.
