ROSELAND, N.J., May 22, 2019 /PRNewswire/ -- ADP's latest
payment solutions expand employers' payroll capabilities and place
financial wellness tools directly in the hands of employees.
Wisely Now™, the latest offering from Wisely by ADP™, enhances the
availability of instant pay while providing key employer
protections. Additionally, myWisely™, the companion mobile
application for Wisely by ADP, empowers employees with new tools
for financial wellness.
Enhanced Compliance with Wisely Now
Wisely Now helps organizations address compliance risks by
bringing automation to instant payments such as off-cycle and
termination pay. The solution offers a single-instance,
electronically funded, employer-authenticated paper check issued by
one of several U.S. major banks which enables employees to cash
checks without fees.
"Employers are challenged by the complex compliance requirements
of instant termination pay, which can vary state-by-state," said
Doug Politi, president of compliance
solutions at ADP. "As a result, organizations often scramble across
payroll, finance, and accounting to courier a check to meet these
requirements. With Wisely Now, organizations can leverage
ADP's security and compliance expertise to pay unscheduled or
off-cycle employee wages, without the fear of compliance
issues."
myWisely App Supports Financial Wellness
The myWisely companion app is a single solution that unifies
cardholder capabilities, including resources for tracking spending
and saving, finding locations to access cash, paying bills and
engaging cardholder services. Through myWisely, users have
the ability to monitor spending, making it an important tool for
improving financial wellness, an area that 98% of employers agree
has a direct impact on employee productivity and
engagement.1
"Clients tell us they are very interested in the financial
well-being of their workforce," said Don
Weinstein, corporate vice president of global product and
technology at ADP. "As the next step in ADP's mission to
provide personal, trusted, effortless and secure access to personal
financial accounts we designed myWisely. The app offers a set of
tools employees can use to better manage their financial
needs."
The myWisely app is available for download on phones and tablets
through the Apple® App Store® for iOS devices and
Google Play® for Android® devices at
www.myWisely.com. To learn more about myWisely and Wisely
Now, visit www.adp.com.
About ADP (NASDAQ – ADP)
Designing better ways to work
through cutting-edge products, premium services and exceptional
experiences that enable people to reach their full potential.
HR, Talent, Time Management, Benefits and Payroll. Informed
by data and designed for people. Learn more at ADP.com
ADP, the ADP logo, Always Designing for People, Wisely Now,
Wisely by ADP, and myWisely are trademarks of ADP, LLC. All
other marks are the property of their respective owners.
Copyright © 2019 ADP, LLC. All rights reserved.
ADP-Media
1The ADP Research Institute's
global Evolution of Pay study.
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SOURCE ADP, LLC