New Features – Including Earned Wage
Access1 – Help Workers Better Manage Their
Financial Lives and Give Employers a Hiring and Retention
ROSELAND, N.J., Nov. 17,
2022 /PRNewswire/ -- ADP, a leading global
technology company providing human capital management (HCM)
solutions, today announced enhancements to its award-winning
Wisely® by ADP payment platform with advanced capabilities and
innovative features like Earned Wage Access (EWA), designed to give
employees more control of their finances, and help employers better
attract and retain talent.
The data-driven design of the Wisely
platform provides an all-in-one solution for financial
Many workers today do not have a relationship with a bank or
prefer not to rely on traditional banks. As the next generation of
employees enters the workforce, they bring with them digital-driven
preferences – including increasing dependence on mobile money
management tools. Wisely by ADP provides workers with a secure,
digital account2 that helps them access their money,
spend, plan and save with fewer fees and headaches. Their Wisely
digital account2 allows them to put all their sources of
income in one place –creating a frictionless user experience for
employees even when they change jobs. Wisely by ADP is accessible
to all workers, whether they are W-2 or 1099. It's a compliant,
unified payments solution that enhances efficiency – saving
employers time and money.
The addition of the EWA feature, offered in partnership with
DailyPay, gives employees access to wages they've earned before
payday at no cost3 right from myWisely.com or the free
myWisely® app4. Earned wage access is becoming a key
benefit differentiator. According to ADP research5, 91%
of millennial workers and 82% of Generation Z workers said it is
important for their employer to offer earned wage access. Over half
(57%) of Generation X and baby boomer workers said it is important
to them as well.
"The Wisely platform solves problems ADP understands better than
anyone else," said Gautam Sukumar,
SVP and general manager, Employee Financial Solutions at ADP. "The
data-driven design of the Wisely platform provides an all-in-one
solution and enhanced user experience that puts financial wellness,
money management and spending flexibility into every employee's
hands. It's the future of paying, earning, spending and
As employers and employees adapt to shifting economic and labor
pressures, approximately 95 percent of employers say employee
financial wellness impacts their productivity, and more than
90 percent say offering financial wellness tools helps attract and
retain talent, according to ADP research5.
In addition to EWA, Wisely by ADP offers:
- Bill Pay6. Right within the
myWisely app, Wisely members can easily snap a photo of their bill,
import an image of a paperless bill, or manually enter the billing
information and have the payment deducted from their Wisely
- Savings Envelopes7. Wisely helps
members save with an auto-save feature and the ability to create
savings envelopes right in the myWisely app. In fact, Wisely
members have saved more than $1.3B in
the past nineteen months.
- Rewards. With Cash Back Rewards8, members can
earn cash back when they shop, travel or dine, with cash back going
to the savings envelope in the myWisely app. Or members can get
offers up to 10% cash back when purchasing eGift cards8
in the myWisely app.
- Access to Mobile Wallets. Prior to getting a physical
card, Wisely members can add their Wisely account to their favorite
digital wallet to enable a seamless and touchless experience when
- New Brand. In addition to the enhanced feature set,
Wisely by ADP has also updated their brand strategy and visual
identity to better connect with clients and members. The new, bold
brand is reflective of Wisely's innovation and focus on offering
employers flexibility for every payment scenario, while empowering
employees with digital financial wellness tools.
Wisely by ADP integrates seamlessly with enterprise resource
planning (ERP) and payroll systems and uses industry-leading
technology to streamline payments, pay statement processes and
employee information management, making it easier and more cost
effective to make off-cycle, and enable one-time and early
For more information, visit www.adp.com/wisely or
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
ADP, the ADP logo, and Always Designing for People, are
trademarks of ADP, Inc. All other marks are the property of
their respective owners.
Copyright © 2022 ADP, Inc. All rights reserved.
1Earned Wage Access powered by DailyPay™, is
available to Wisely Pay cardholders through the myWisely app or at
mywisely.com once your Wisely card is activated. Additional
terms and limits apply. Opt-in is required. This optional offer is
not a Fifth Third Bank, Pathward, Mastercard or Visa product or
service, nor does Fifth Third Bank, Pathward, Mastercard or Visa
endorse this offer.
2The Wisely card is a prepaid card. References to a
digital account refer to the management and servicing of your
prepaid card online digitally or through a mobile app. The Wisely
card is not a credit card and does not build credit.
3While this feature is available without a fee, certain
other transaction fees and costs, terms, and conditions are
associated with the use of this card. Please log in to the
myWisely app or mywisely.com to see your cardholder
agreement and list of all fees for more information.
4Standard message and data rates apply.
5Source: ADP Earned Wage Access Research, January 2022.
6The bill pay feature, powered by Papaya, is available
through the myWisely app. Additional terms and limits apply.
This optional offer is not a Fifth Third Bank, Pathward, Visa or
Mastercard product or service, nor does Fifth Third Bank, Pathward,
Visa or Mastercard endorse this offer.
7The Amounts transferred to your savings envelope will
no longer appear in your available balance. You can transfer money
from your savings envelope back to your available balance at any
time using the myWisely app or at
8Cash Back rewards on purchases
at participating merchants are powered by Cardlytics. Opt-In is
required for Cash Back Rewards only. Most Cash Back Rewards will
appear in your Wisely Rewards savings envelope within 4 weeks after
the transaction has completed. Only Cash Back Rewards for the
purchase of eGift cards will appear instantly. eGift Card Cash Back
offers, powered by Blackhawk Network, Inc.®, range from
2% - 12%, depending on the gift card that is purchased. Cash Back
amounts will be disclosed before you select a gift card. Please
review the Terms and Conditions of each eGift card product before
purchase. Funds from all Rewards can be moved from the savings
envelope into the available balance on your card. You must log in
to myWisely to access the Rewards feature for purchases and eGift
cards. These optional offers are not a Fifth Third Bank, Pathward,
Visa or Mastercard product or service, nor does Fifth Third Bank,
Pathward, Visa or Mastercard endorse this offer.
The Wisely Pay Visa® is issued by Fifth Third Bank, N.A., Member
FDIC or PathwardTM, N.A., Member FDIC, pursuant to a
license from Visa U.S.A. Inc. The
Wisely Pay Mastercard® is issued by Fifth Third Bank, N.A., Member
FDIC or Pathward, N.A., Member FDIC, pursuant to license by
Mastercard International Incorporated. ADP is a registered ISO of
Fifth Third Bank, N.A, or Pathward, N.A. The Wisely Pay Visa card
may be used everywhere Visa debit cards are accepted. Visa and the
Visa logo are registered trademarks of Visa International Service
Association. The Wisely Pay Mastercard may be used where Debit
Mastercard is accepted. Mastercard and the circles design are
registered trademarks of Mastercard International Incorporated.
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SOURCE ADP, Inc.