ROSELAND, N.J., May 14, 2018 /PRNewswire/ -- Changes in
talent demographics, working arrangements and technology are
impacting how employees need and want to be paid. To meet
these shifts, paycards and digital accounts are increasingly
becoming attractive options, allowing employees to access their pay
how and when they want. Additionally, employers now have the
opportunity to take an active interest in the financial wellbeing
of their workers to help them get the most out of their
pay.
ADP® is continuing its innovation momentum by revolutionizing
the way people are paid by introducing Wisely Pay by ADP.
Wisely Pay is the next step in ADP's constant evolution to
put clients and their workers at the forefront of macro trends
shaping the employment landscape, including the growing number of
freelance individuals.
"The world of work is changing and our clients look to us as the
market leader in payments, to help them better engage with their
entire workforce," said Doug Politi,
president of Compliance Solutions at ADP. "Wisely Pay is
leading the way people get paid in the future as a true bank
alternative, with innovative services like instant pay, savings,
digital wallet, and other financial management and wellness
features that are better aligned with the evolving workforce."
The functionality of digital accounts, including paycards, and
ease of access to funds have made them particularly popular among
Millennials. According to a recent report commissioned by
ADP, almost half of Gen Z (47 percent) and nearly a third of
Millennials (31 percent) would turn down a job if they were unable
to choose their method of pay. Additionally, this report revealed
that 47 percent of Millennials and 66 percent of Gen Z have used a
pre-loaded payment card in the last 12 months.
Wisely Pay is the first offering resulting from ADP's
acquisition of Global Cash Card and provides the administrative
tools and support to enable employers of any size, industry and
workforce blend of full-time, part-time and/or freelance workers to
enjoy:
- Advanced technologies: Best-in-class experiences for
cardholders and administrators from ADP's in-house digital payments
platform, built by Global Cash Card and ADP's award-winning Instant
Funding APIs.
- Pay flexibility: Wisely Pay offers multiple ways to
receive, spend, and manage money, including fully electronic
options like peer-to-peer transfers, instant pay, and mobile
digital wallets by Apple Pay®, Samsung Pay® and Android Pay®.
- Attracting and retaining talent: The multi-generational
workforce places unique demands on employers and Wisely Pay helps
satisfy the needs of workers by offering a banking alternative with
numerous funding options, easy cash access, broad purchasing
capability, ability to avoid paper check fees and modern financial
management tools.
- Peace of mind: With a 50-state electronic pay program,
backed by market-leading expertise and experience in the regulatory
landscape, employers can rely on ADP Compliance Solutions, advanced
data security and single point-of-contact resolution for all
employer support or cardholder issues (e.g. fraud prevention,
dispute resolution).
The Wisely paycard will first be available to employers who
select to offer sponsored accounts for employees in September 2018 in the
United States
About ADP (NASDAQ: ADP)
Powerful technology plus a human touch. Companies of all
types and sizes around the world rely on ADP cloud software and
expert insights to help unlock the potential of their people.
HR. Talent. Benefits. Payroll. Compliance. Working
together to build a better workforce. For more information, visit
ADP.com.
ADP, the ADP logo, and A more human resource are registered
trademarks of ADP, LLC. Apple Pay is a registered trademark of
Apple Inc. Samsung Pay is a registered trademark of Samsung
Electronics Co., Ltd. Android Pay is a registered trademark
of Google LLC. All other marks are the property of their
respective owners.
Copyright © 2018 ADP, LLC. All rights reserved.
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SOURCE ADP, LLC