Visa partners with ADP to introduce flexible digital payment options for U.S. Workforce
By Pavithra R
Visa, a leader in digital payments, has announced partnering with ADP, a leading global provider of Human Capital Management (HCM) solutions to offer ADP’s clients, large and small, a digitally-enabled, convenient and cost-effective solution for off-cycle payments to employees.
As COVID-19 continues to accelerate the shift to digital, businesses and individuals are now operating in an on-demand world, driven by flexibility, convenience and speed. Digital payments play a pivotal role in this movement, specifically with regards to work, as employers look for optimized ways to conduct their business, and employees look to get paid quickly, conveniently and securely.
Under the partnership, the companies are aiming to reduce the need for employers to worry about printing and sending checks to pay workers and employees and 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. 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,” said Bill Sheley, Global Head of Visa Direct, Visa.
ADP’s integration of Visa Direct, Visa’s real-time push payments platform, gives employers the ability to deliver digital payments directly to their employees via an eligible debit card. The integration will be rolled out across various use cases in the coming months.
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. The new solution is expected to help 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.
“We are proud to expand our relationship with Visa. By broadening the push to debit option, we will be able to offer an efficient, cost-effective solution for both employers and their employees,” said Mark Putman, general manager, payments, ADP.
Recently, Spreedly and Visa teamed up to accelerate Network Tokenization adoption in Latin America.
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