Need

Customer Loyalty and Employee Incentives

Industry

Technology

Head Office

United States

The Challenge

As is the challenge for many marketplace businesses, Rydeum needed an efficient payment process that provided their employees (or “gig workers”) with easy access to their funds. Their marketplace business model required the infrastructure to support the execution of global mass payments to a constantly changing work force. It was also imperative that this payment solution be equally convenient for gig workers, as a quality employee experience is imperative for the viability of most marketplace services.

As a marketplace startup, Rydeum has developed an app that connects people with popular ride-sharing services, such as Uber and Lyft, while providing users with the best available price.

Rydeum delivers a convenient experience for their marketplace employees, providing fully-equipped wallets and other features that make it easy for their drivers to manage their finances. The Rydeum app also offers their own brand of driving service, focused on providing lower rates to help consumers get the best deal possible.

Case Studies › Rydeum

The Solution

As a solution, Intercash worked with the client to develop a customized Mastercard program that enables Rydeum drivers to receive compensation for their gig work via a prepaid card, which can be used at millions of retail stores, e-commerce websites and ATM locations worldwide. In addition, the payment card program benefits from Intercash’s white-label online banking portal and mobile app, allowing their gig workers to conveniently review their account balance or transaction history, report a lost or stolen card, retrieve their PIN and more.

Turnkey solution allowed for a quick launch of the custom payment program