ADP Acquires Global Cash Card

ADP has acquired Global Cash Card, a provider of digital payment solutions, including paycards and other electronic accounts. After integrating Global Cash Card with ADP’s existing paycard offer, the ALINE Card by ADP, ADP will manage more than four million accounts on a single platform.

Founded in 2002 and headquartered in Irvine, Calif., Global Cash Card’s offers solutions for both form W-2 employees and form 1099 contractors, as well as online tools that help customers manage their digital accounts, including online bill pay, rewards plan enrollment, multi-purse capability for providing secondary account holders access to a portion of available balances, and an expense manager that allows customers to organize, categorize and budget their expenses.

“ADP pays 1-in-6 workers in the U.S. and our clients look to us as the market leader to offer solutions that help them better engage with their entire workforce,” says Carlos Rodriguez, president and CEO of ADP. “The acquisition of this established and profitable company helps us innovate around the essential service of delivering pay, and will enable us to provide new tools to consumers that help them manage their finances.”

With the acquisition of Global Cash Card, ADP will become the only human capital management provider with a proprietary digital payments processing platform and will enable ADP to offer digital accounts and flexible payment offerings across their existing base of more than 700,000 clients, while increasing the speed of implementation for new clients.

Doug Politi, president of added value services at ADP says, “As the ‘gig economy’ changes the way people earn a living, so too does it change the way companies need to pay their workforce. We have been impressed with Global Cash Card’s continuous innovation over the years, and are very excited to welcome Global Cash Card associates and experienced management team to the ADP family.”