Rellevate Launches Digital Consumer Financial Services Platform for People Who Need It Most
Rellevate, a digital fintech company aimed at facilitating access to consumer financial services for middle and lower income Americans, officially launched its platform. The announcement was made by Stewart A. Stockdale, Rellevate’s Co-Founder, Chairman & CEO, who also announced that the Rellevate platform will facilitate banking services through Sutton Bank.
“There is no better time to launch our digital consumer financial platform for employees who now more than ever need it most. Consumers need a transparent and robust platform that puts them in the driver’s seat of their hard-earned wages by providing convenient and flexible access to their payroll between pay cycles, and Rellevate offers them that and more,” said Stewart A. Stockdale, Co-Founder, Chairman & CEO of Rellevate. “Rellevate, with our new partnership with Sutton Bank, offers products needed by most employees today, including a digital account, Visa debit card, Pay Any-Day, bill pay, and send money. Our platform has been extremely well received and we look forward to onboarding our first employers in the hospitality and services industries who will make Rellevate’s products available to their employee bases.”
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Rellevate’s signature platform includes the following suite of consumer financial services:
- Digital Account – allows employees to directly deposit their paychecks into an account that earns money every day
- Access to Payroll – allows employees to access payroll between pay cycles
- Visa Debit Card – able to use it everywhere Visa debit cards are accepted and also to access funds through ATM’s worldwide
- Bill Pay – electronic bill payment system
- Send Money – enables users to move money person-to-person
Sutton Bank is the sponsor bank for select financial service products in the Rellevate suite. In addition, the partnership with Sutton Bank provides FDIC Insurance for the platform’s consumer accounts. “Sutton Bank is pleased to partner with Rellevate and facilitate financial services for Rellevate’s customers,” said Jeff Lewis, SVP-Payments and Prepaid of Sutton Bank. “Sutton continues to work with all of its partners to provide financial services as well as access for companies and consumers in this constantly changing environment.”
In addition to Sutton Bank, Rellevate has partnerships with Visa, Visa DPS, Technisys, Allpoint, Payveris, and Accel. “Rellevate has built a complete digital platform and these best-in-class partner companies are helping to bring Rellevate’s programs to life,” said Greg Schneider, Co-Founder & CIO of Rellevate.