ASCHHEIM, Germany and PHILADELPHIA, January 10, 2018 /PRNewswire/ --
Wirecard, one of the leading providers of digital financial technology, announces today a partnership with Moonrise, a gig-economy startup, to offer a free same-day payment option for its workers.
Moonrise connects individuals with shift work in administration, hospitality, and other services to supplement their income. The payment card provided by Wirecard will enable workers to access the money they have earned within 24 hours of completing an assignment. Thereby, the partnership will ensure same-day payment without charging fees to workers. Loyalty rewards and other value-add features will be built into the program as the company grows.
Moonrise, a wholly-owned subsidiary of American Family Insurance - a $23 billion Wisconsin-based company - was formed when American Family's innovation team set out to better understand a subset of their policy holders who are looking to supplement their income. American Family wanted to discover how the company could leverage its customers, partner relationships and capital - with this in mind. Moonrise brokers with employers and pushes their available gigs via text messages to vetted workers who match the gig's qualifications.
"Wirecard is one of the main drivers of the digitalization of payments - as the nature of work is evolving, digital and real-time payments are adapting to meet the market's needs," says Deirdre Ives, Wirecard North America Managing Director. "We are proud to facilitate workers' fast, easy access to their pay. Having a same-day payment option gives individuals greater control over their finances, and partnering with Moonrise to offer this service aligns perfectly with our core value of offering consumers flexible and secure solutions for cashless payments."
"For employers, tapping into a reliable on-demand workforce can be game changing," says Kara Kaplan, Moonrise's co-founder and CEO. "For workers, the ability to accept a shift here or there can be the factor that enables them to take control of their finances. Wirecard has been one of our best partnerships," Kaplan says. "It was easy to implement the program because they understood what we were trying to do, and we felt right away that our mission was resonating with them."
Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licenses for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit http://www.wirecard.com or follow us on twitter @wirecard.
Moonrise connects hard-working, motivated people in search of extra income with reputable employers in need of filling short-term shifts. Moonrise understands the barriers that exist in trying to make ends meet and the obstacles employers face in finding quality workers. Moonrise feels that when people are in control of their financial lives, they make for better and more reliable employees. Whether helping to facilitate an extra $60 for groceries or an extra six people on the warehouse floor, Moonrise is committed to helping both people and businesses when they need it most. For more information about Moonrise, please visit http://www.moonrise.works.
SOURCE Wirecard AG