ADP® Renews Agreement with Visa amid Rising Adoption of U.S. Prepaid Cards
Visa Inc. (NYSE:V) and ADP
today announced an agreement to offer employers the ALINE Pay by ADP®
electronic payroll program. The ALINE Pay program includes the
award-winning ALINE Card by ADP®, a Visa prepaid card that
can be integrated into an organization’s current payroll system as a
standalone product or as part of the ALINE Pay solution. The agreement
is a multi-year extension of their existing relationship that helps make
employer payroll more efficient.
“Increasingly, employees are benefitting from the prepaid suite of
products for receiving payroll with immediate and secure access to their
funds, especially underbanked and unbanked employees who have limited or
no access to traditional banking relationships,” said Brian Triplett,
head of North America prepaid products, Visa Inc. “By working together,
Visa and ADP continue to help businesses address the needs of an
evolving workforce, while saving time and money with a paperless
solution.”
“As a leader in payroll distribution and processing, ADP helps
organizations streamline payroll administration by enabling them to make
the switch to 100 percent electronic payroll,” said Gary Lott, ADP
general manager and division vice president, ADP Electronic Payments,
Unemployment Claims, Employment Verification and Wage Garnishment
Services. “Through the ALINE Card and our agreement with Visa, we’re
empowering today’s workforce to save money and time through online bill
pay, mobile access, account balance alerts via text or email and the
ability to make purchases in stores, online and over the phone.”
The electronic payroll solution ALINE Pay by ADP®, which
includes the ALINE Card by ADP®, provides employers of all
sizes a convenient way to achieve 100 percent electronic pay. ALINE Pay
is one component of ADP SmartComplianceSM, a cloud-based
unified platform of outsourced services that helps medium and large
businesses better manage payroll, tax and employment compliance.
Tweet This: @Visa & @ADP renew
agreement for convenient #paycard option
to employees with ALINE Card by ADP® http://bit.ly/11JXW05
#ADPcompliance
About Visa:
Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200
countries and territories to fast, secure and reliable electronic
payments. We operate one of the world’s most advanced processing
networks—VisaNet—that is capable of handling more than 24,000
transaction messages a second, with fraud protection for consumers and
assured payment for merchants. Visa is not a bank and does not issue
cards, extend credit or set rates and fees for consumers. Visa’s
innovations, however, enable its financial institution customers to
offer consumers more choices: pay now with debit, ahead of time with
prepaid or later with credit products. For more information, visit corporate.visa.com.
About ADP®:
ADP ® (NASDAQ: ADP), with more than $10 billion in revenues
and approximately 600,000 clients, is one of the world’s largest
providers of business outsourcing and human capital management
solutions. Leveraging over 60 years of experience and a global footprint
spanning more than 40 countries, ADP offers a wide range of human
resource, payroll, talent management, tax and benefits administration
solutions from a single source, and helps clients comply with regulatory
and legislative changes, such as the U.S. Affordable Care Act. ADP’s
easy-to-use solutions for employers provide superior value to companies
of all types and sizes. ADP is also a leading provider of integrated
computing solutions to auto, truck, motorcycle, marine, recreational
vehicle, and heavy equipment dealers throughout the world. For more
information about ADP SmartCompliance or to contact a local ADP sales
office, reach us at 1.855.237.4236 or visit the company’s Web
site at www.ADP.com/SmartCompliance
1 Subcommittee Works to Clear Up Muddled Message on Paycards”
by William Dunn, CPP, APA Paycard Sub-committee, May 2009
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