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Branch unveils Employer Payments Platform, transforming the future of payments for working Americans

Branch

Branch, a challenger bank that partners with employers to help working Americans grow financially, has announced the launch of its Employer Payments Platform (EPP) to help businesses accelerate payments. 

Through the platform, Branch is providing an integrated solution for businesses seeking faster and reliable ways to instantly move money to employees. Traditional payment methods are slow and expensive for both businesses and employees. The Branch EPP provides employers and technology partners with a faster, free solution to deliver on-demand payments and empower their employees with tools including digital payouts of tips, wages, fee-free banking, and other disbursements, earned wage access (EWA), and paycard alternative. Branch enables businesses to automate processes, reduce payroll costs, remove logistical burdens and cash flow concerns, and support employees with free financial services.

“Employers and technology partners alike see the need to innovate payments but building a full-out offering requires extensive technology, time, and support. We launched the Employer Payments Platform to eliminate barriers to entry and provide a solution that allows businesses to get set up easily and quickly derive value,” said Branch CEO Atif Siddiqi.

The EPP’s open APIs enable both real-time data transfer and an integrated experience within an employer or technology partner’s platform. The solution is adopted by leading HR, payroll, and IT platform Rippling, embedding the solution into its platform to offer customers an integrated paycard alternative along with the capability to provide faster onboarding, payments, and fee-free banking to employees. 

With on-demand payments becoming a critical component of payroll processes, Branch has made it easier for employers to integrate the comprehensive platform into their technology stack directly or adopt through their current POS, HR, and payroll solutions. 

“No one should have to deal with cash or physical paychecks in a pandemic. We’re thrilled to be partnering with Branch to give hourly workers safe, easy access to the wages they’ve earned. Now customers can automatically enroll and bank their employees in Rippling,” said Matt Macinnis, COO of Rippling.

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