Food & Beverage

Walmart Launches New Financial Wellness Services for Associates Nationwide

Walmart reported a suite of new financial wellness services for more than 1.4 million associates nationwide.

According to a release, the new offering was created in collaboration with Silicon Valley-based financial technology startups Even and PayActiv. Associates will access the tools through the Even app, available for both iOS and Android devices.

The joint solution allows Walmart associates to automatically plan ahead for bills and savings goals, eliminating the work of figuring out how much money is okay to spend. When unexpected expenses occur, associates can access earned wages ahead of scheduled paychecks using an "Instapay" feature, providing greater flexibility and helping them avoid overdrafts, high-fee funding or credit options.

"Money management is something people across every income level struggle with, in large part because they don't have access to good tools," said Jon Schlossberg, CEO of Even. "In real life, if you want to get ahead, you've got to make a financial plan, and also have a way to fix the plan when it breaks. Even offers tools for both, together in one app. Working with Walmart and PayActiv gives us the opportunity to put these powerful, easy-to-use financial management tools in the hands of millions of hardworking Americans."

Walmart will cover the entire cost of Even's automated financial management tool for both hourly and salaried associates, and will ensure associates can use Instapay up to eight times per year for free. Should associates need to use Instapay more frequently, Walmart will subsidize the additional Even subscription required to do so. The financial management and Instapay features will be available to all Walmart, Sam's Club and Walmart eCommerce associates.

The Even app securely connects to an associate's checking account, prepaid account or Walmart Associate Paycard, and links to Walmart's payroll systems. It automatically subtracts anticipated expenses from a user's anticipated cash inflows, allowing associates to see exactly how much money they're okay to spend.

More Information:

http://www.corporate.walmart.com

http://www.even.com

http://www.payactiv.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

THE DAILY VIEW

  • Alexandra Scarborough
    Tea Forté Introduces ‘Matcha’ Collection

    Convenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.

    The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.

    "The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."

    Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.

    According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.

    Available now in select stores and online at teaforte.com.

 

 

QUICK 5


Expedia.com has released a year-end look at U.S. traveler behavior and trends for 2017, analyzing data to identify the most in-demand destinations, hotels, activities and more.

Among other insights, the roundup revealed:

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  3. The average hotel stay was two nights
  4. Top destinations based on 2017 air travel included major global cities like New York, London and Bangkok
  5. Popular tourist destinations included Orlando, Cancun and Las Vegas