Money Network, a First Data Corp. company, and ADP Employer Services have announced a strategic agreement to provide co-branded paycards. This offering—TotalPay® Card—combines the resources and expertise of these two companies to provide businesses of all sizes with a robust paycard solution. Through the agreement, Money Network—a provider of paycard solutions to employers looking for a safe, convenient, and cost-effective alternative to paper checks—will be responsible for back-office operations and program implementation for employers seeking a paycard solution. The offering is FDIC-insured and leverages the existing Money Network TRANSCHECK product—a self-issued check system that enables Money Network’s paycard clients to provide their employees immediate and free access to their payroll funds.
