Visa and ADP Unveil Flexible Digital Payment Options to Serve U.S. Workforce
February 18 2021 - 7:00AM
Business Wire
As COVID-19 continues to accelerate the shift to digital, more
businesses and individuals are now operating in an on-demand world,
driven by flexibility, convenience and speed. Digital payments play
a critical role in this movement, particularly with regards to
work, as employers look for optimized ways to conduct their
business and employees look to get paid quickly, conveniently and
securely.
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Visa (NYSE:V), the world’s leader in digital payments, and ADP
(NASDAQ: ADP), a leading global provider of Human Capital
Management (HCM) solutions, today announced a partnership that will
offer ADP’s clients, large and small, with a digitally-enabled,
convenient and cost-effective solution for off-cycle payments to
employees. By offering this capability, it reduces the need for
employers 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 is critical for workers to have quick
and convenient access to their wages and to get money into their
hands when they need it,” said Bill Sheley, Global Head of Visa
Direct, Visa. “Our partnership with ADP is another important
milestone in Visa’s efforts to help reimagine the way workers get
paid, both today and in the future.”
ADP’s integration of Visa Direct1, Visa’s real-time2 push
payments platform, gives employers the ability to deliver digital
payments directly to their employees via an eligible debit card. By
enrolling in ADP’s Wisely® Now Debit program, employers are
providing the ability for employees to receive payments like
off-cycle bonuses and reimbursements that occur between payday in a
faster, and more convenient way.
“We are proud to expand our relationship with Visa,” said Mark
Putman, general manager, payments, ADP. “By broadening the push to
debit option, we will be able to offer an efficient, cost-effective
solution for both employers and their employees.”
With ADP helping to power the ongoing payment of millions of
workers across the country, this partnership creates significant
impact. A majority of surveyed human resource executives report
cost as the most important factor when considering new benefits for
their organizations’ workers, particularly amidst COVID-193. This
new solution helps meet the needs of businesses in being a low-cost
and easy-to-implement benefit, while also giving employees a faster
and more intuitive way to be paid.
The integration will be rolled out across various use cases over
the coming months.
Visit Visa Direct to learn more about how Visa helps move money
faster.
About Visa
Visa (NYSE: V) is the world’s 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 around the
world, and is capable of handling more than 65,000 transaction
messages a second. The company’s relentless focus on innovation is
a catalyst for the rapid growth of digital commerce on any device
for everyone, everywhere. As the world moves 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 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
1 Visa Direct capability enabled through ADP financial
institution partners. 2 Actual fund availability depends on
receiving financial institution and region. 3 Visa Hourly Talent
Study (June - July 2020). Commissioned by Visa and conducted by HR
Dive among 300 HR executives across various industries in the
United States.
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version on businesswire.com: https://www.businesswire.com/news/home/20210218005186/en/
Visa Caylah Novak cnovak@visa.com 831-431-3454 ADP, Inc. Jason
Ledder Jason.Ledder@ADP.com 973-974-6851
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