Comdata has launched Fintwist, a digital payment tool that allows companies to give their employees easy access to wages and financial management tools, according to a press release.

The Fintwist app is linked to a Fintwist debit card that can be used anyplace where Mastercard is accepted and that lets employees access their paycheck. The employee can use the app to send money, make payments and conduct other transactions.

"A convergence of significant workforce trends — including the emergence of the gig economy, the growth and influence of millennials in the workplace, and the rising consumer preference for digital solutions — [is] forcing companies to reevaluate how they serve workers," Brian Radin, president of the Comdata prepaid and payroll card unit, said in the announcement.

"By providing workers with a more transparent and intuitive way to manage their money, Fintwist can strengthen a company’s appeal as a destination workplace, boosting employee retention and acquisition."