Visa and ADP Unveil Flexible Digital Payment Options to Serve U.S. Workforce
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SAN FRANCISCO & ROSELAND, NJ – (BUSINESS WIRE) – As COVID-19 continues to accelerate the digital switchover, more businesses and individuals are now operating in an on-demand, consumer-driven world. flexibility, convenience and speed. Digital payments play a vital role in this movement, especially when it comes to work, as employers seek optimized ways of doing business and employees seek to get paid quickly, easily and securely.
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Visa (NYSE: V), world leader in digital payments, and ADP (NASDAQ: ADP), a leading global provider of human capital management (HCM) solutions, today announced a partnership that will provide ADP customers large and small with a digital, convenient and cost-effective solution for out-of-office payments. cycle to employees. By providing this capability, employers no longer have to worry about printing and sending checks to pay workers, and employees can forgo the extra step of depositing funds into their accounts.
“Now more than ever, it’s essential for workers to have quick and convenient access to their wages and to put money in their hands when they need it,” said Bill Sheley, Global Manager of Visa Direct, Visa. “Our partnership with ADP is another important step in Visa’s efforts to help reinvent the way workers are paid, both today and in the future.
The ADP integration of Visa Direct1, Visa’s real-time push payments platform2, gives employers the ability to provide digital payments directly to their employees through a qualifying debit card. By enrolling in ADP’s Wisely® Now Debit program, employers offer employees the ability to receive payments such as off-cycle bonuses and refunds that occur between pay days in a faster and longer manner. practice.
“We are proud to expand our relationship with Visa,” said Mark Putman, Managing Director, Payments, ADP. “By expanding the push to debit option, we will be able to offer an efficient and cost effective solution for both employers and their employees. ”
With ADP helping fuel the ongoing payment of millions of workers across the country, this partnership is creating significant impact. The majority of HR managers surveyed say cost is the most important factor when considering new benefits for workers in their organization, especially in the midst of COVID-193. This new solution helps meet business needs by being a low-cost, easy-to-implement benefit, while providing employees with a faster and more intuitive way to get paid.
The integration will be rolled out in various use cases over the coming months.
Visit Visa Direct to learn more about how Visa helps move money faster.
Visa (NYSE: V) is the world leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments worldwide and is capable of processing over 65,000 transaction messages per second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for anyone, everywhere. As the world shifts from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information visit About Visa, visa.com/blog and @VisaNews.
About ADP (NASDAQ – ADP)
Designing better ways of working through cutting-edge products, premium services and exceptional experiences that empower people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more about ADP.com
1 Visa Direct capacity activated through ADP partner financial institutions.
2 Actual availability of funds depends on recipient financial institution and region.
3 Visa Hourly Talent Study (June – July 2020). Commissioned by Visa and led by HR Dive to 300 HR executives from various industries in the United States.
Source: Visa inc.