We’ve been quietly heads down on some exciting news, which we can finally share! Today, we’re thrilled to announce the launch of our Employer Payments Platform (EPP) to help businesses accelerate employer payments to their employees and empower working Americans.
Traditional payments aren’t moving fast enough for the workforce. Employers lack the tools for faster payments, largely driven by efficiency concerns with payroll processing and cash flow management. Employees, especially the hourly workforce, don’t have the tools to get ahead financially. When asked about the most helpful benefits from their employer during this time, besides bonus pay (84.5%), on demand pay (48.4%) was nearly tied for second alongside paid sick time (48.8%).
Branch’s EPP brings employers and technology partners a faster, free solution to deliver on-demand payments and empower their employees with tools including:
- Digital payouts of tips, wages, and other disbursements
- Earned wage access
- Fee-free banking
- Paycard alternative
- ...and more!
Even more exciting? Leading HR, payroll, and IT platform Rippling is the most recent partner to adopt the solution, embedding the Branch EPP into its platform to offer its customers an integrated paycard alternative along with the ability to provide faster onboarding, payments, and fee-free banking to employees.
Check out the press release below for more information or visit our Employer Payments Platform page!
Branch Launches Employer Payments Platform for Businesses to Accelerate Payments
Embeddable Solution Selected by Rippling for Integrated Paycard Option, Fee-free Banking
MINNEAPOLIS, MN -- Branch today announced the launch of its Employer Payments Platform (EPP) to help businesses accelerate payments. Branch created the platform to provide an integrated solution for businesses seeking faster, more reliable ways to move money to employees instantly.
Traditional payment methods are slow and costly for both businesses and employees. The Branch EPP provides employers and technology partners a faster, free solution to deliver on-demand payments and empower their employees with tools including digital payouts of tips, wages, and other disbursements, earned wage access, fee-free banking, and paycard alternative. Branch allows businesses to reduce payroll costs, remove logistical burdens and cash flow concerns, automate processes, 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,” said Branch CEO Atif Siddiqi. “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.”
The EPP’s open APIs enable both real-time data transfer and an integrated experience within an employer or technology partner’s platform. Leading HR, payroll, and IT platform Rippling is the most recent partner to adopt the solution, embedding the Branch EPP into its platform to offer its customers an integrated paycard alternative along with the ability to provide faster onboarding, payments, and fee-free banking to employees. The integration delivers a continuous user experience so that customers can manage and operate these tools all within the Rippling portal.
"No one should have to deal with cash or physical paychecks in a pandemic," said Matt Macinnis, COO of Rippling. "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."
As on-demand payments become an essential component of payroll processes, Branch has made it simple for employers to integrate the comprehensive platform directly into their technology stack or adopt through their current HR, POS, and payroll solutions thanks to Branch’s network of partners including Rippling, UKG, Servant Systems, ProPoint Solutions’ SuperSalon, and RASI. Branch’s award-winning suite of tools is constantly evolving, enhancing a partner’s platform offerings. SOC 2 compliant, Branch has built an easy, secure way to reduce payroll costs, automate processes, and support both W2 and 1099 employees.
The Branch Employment Payments Platform is available immediately through select partners and general sign-up. To sign-up for the platform or for more information, visit https://www.branchapp.com/introducing-epp/.