Introducing TotalPay Card

Transcription

1 Introducing TotalPay Card The Electronic Payment Solution James Fields, PHR Public Sector District Sales Manager Jon Springer TotalPay Card Product Support

2 Meeting Agenda Who is ADP? Why TotalPay Card makes Sense Key Student Benefits Program Overview Card Usage Implementation Enroll & Activate

3 Recruitment Public Sector Human Capital Management Solutions Retirement Accounts Payable Solutions Child Support Disbursement Payment Refunds (Tax, Financial aid, etc) Unemployment Claims Management Web-Based Travel & Expense Reporting Business Process Improvement Consulting SAS 70 Type II Integrated HRMS (Web Native) Position Management Compensation Management Performance Management Health & Safety Compliance Tracking Training & Skills Portal - ESS, MSS, and Workflow Reporting Tools Application Hosting Other Human Resources Internet Recruiting Applicant Tracking Screening & Background Checks Substance Abuse Testing Job Fit Assessment Electronic On-boarding New Hire Reporting I-9 Compliance Recruiting World Class Service Benefits Administration Health & Welfare Administration (BPO) Comprehensive Open Enrollment Services Employee Communication Services Patient Advocacy Services Call Center Electronic Carrier Reporting Total Comp Statements FSA/Trip Admin COBRA/HIPAA Administration Premium Payment Administration Tuition Reimbursement Time & Labor Mgmt Payroll/Back Office Admin Collection Device Ethernet Clocks Internet Access Hand/Biometric Scanners Mobile Device Input Telephone Input POS System Input PC Timesheets Integrated Time Mgmt. Reporting FMLA Leaves Administration Application Hosting Comprehensive Outsourcing Services (BPO) ADP Check / Pay Card (Positive Pay, Check Recon, Escheatment) W-2 s - Processing and Print Services Paperless Payroll Online Pay Statements/W-2 s Online Payroll Reports Gross to Net Garnishments Administration Tax Compliance Application Hosting

4 Did you know? ADP is One of only five industrial organizations with a AAA credit rating from Moody and Standard & Poor s Largest mover of funds outside Social Security Administration ($700 Billion annually) Largest initiator of direct deposit transactions (365 million transactions) 4

5 Have You Ever... Made a special trip to pick up a check? Waited in line to cash a check? Wanted to buy something, but didn t have enough cash with you? Worried about losing your money or misplacing a paper check?... then TotalPay Card is for you! 5

6 Why Pay Cards Make Sense Direct deposit on plastic is an alternative for under banked students Reduce fraud exposure associated with checks No escheatment required Increase operational efficiency Integrates into your existing disbursement/banking system no upgrades or software required Say good-bye to check distribution and reconciliation Eliminate lost or stolen checks Reduce/eliminate manual checks Reduce fees for stop payments and expedited services 6

7 The Economics Make Sense Cost savings for your students No check cashing fees No special trips to pick up a check Convenience Funds deposited automatically 24-hour access to funds Transaction activity and spending easily tracked Safety and security Low-cost Access To Funds 1 Check Cashing $789 Checking Account $115 Stored Value Card $ The Cost Effectiveness Of Stored-Value Products, May 2005, James C. McGrath. Federal Reserve Bank of Philadelphia 7

8 Students Will Appreciate... Immediate access to funds No check-cashing fees or waiting in long bank lines! No waiting for deposited checks to clear! Making purchases anywhere Visa debit cards are accepted in person, online, by mail, or by phone! Online or phone-based transfer of funds from the card to a U.S.-based bank account! Secondary cards are available for a spouse or other trusted family member 8

9 TotalPay Card Is... Prepaid stored-value card Personalized, reloadable Visa debit card PIN and signature based Replenished with each disbursement processing Accepted at a global network of participating ATMs, Visa merchants, and Visa member banks Instant-issue Visa card also available a great solution for on-the-spot disbursements 9

10 TotalPay Card Is for Everyone No bank account? Don t need one! A bank account is not required No credit or poor credit? No credit approval is required 10

11 TotalPay Card Is Convenient Easy access to cash you bet! Cash withdrawal available at 924,000 Visa or PLUS ATMs* Cash back with point-of-sale transactions at participating merchants that accept Visa debit* Over-the-counter (OTC) cash withdrawal from Visa member banks* Load cash from other sources such as wages from a job, tax refunds, government benefits, and child support payments a great way for parents to send funds to students * Nominal fees may apply. 11

12 Be Assured Full Reg-E compliance No need to carry large amounts of cash Lost or stolen cards can be replaced with their full remaining stored value No liability for fraudulent charges* Deposits and transactions are confidential * Visa s Zero Liability Policy provides protection from any unauthorized purchases. U.S. issued only. Visa s Zero Liability Policy does not apply to commercial card or ATM transactions, or to PIN transactions not processed by Visa. 12

13 Be Card Smart Take advantage of point-of-sale and cash back transactions to avoid withdrawal fees. 13

14 Other Services Free unlimited cardholder Web access for these transactions Balance Inquiries Transaction History Visa Bill Pay 24-hour toll-free Customer Service Automated Phone Service Customer Service Representative Multi-lingual Support 14

15 ATM Access The Allpoint network provides the largest surcharge-free ATM network in the U.S. 32,000 ATMs nationwide Over 1,000 ATMs in Illinois Conveniently located in national retail locations including: Circle K ConocoPhillips ExxonMobil Rite Aid Target Walgreens Allpoint ATM Network Network ATMs located in these states. 15

16 Program Implementation Step 1 Planning Obtain Executive Commitment Gather Key Implementation and Sizing Facts (paid by check) Establish Direct Deposit /Storedvalue Card Goals Step 2 Development Decide on Notification and Training Process Decide on Incentive Program (If Appropriate) Finalize Back- Office Processes Select Training and Enrollment Support Tools Step 3 Sign-up Deliver Training Presentations Capture New Students for paperless-pay Select Tools for Educating Cardholders/ Promoting Usage 16

17 Enrolling Is Easy Various options for enrollment including: Batch File/Bulk enrollments Web-based self-service enrollment Paper-based enrollment 17

18 TotalPay Card Get paid the TotalPay Card way! TotalPay Cards are made available by ADP. The TotalPay Card is issued by ADP Federal Credit Union, or Palm Desert National Bank pursuant to a license from Visa U.S.A. Inc. The ADP logo is a registered trademark of ADP of North America, Inc. TotalPay is a registered service mark of ADP, Inc. Allpoint is a registered trademark of ATM National, Inc. U.S. Bank is a registered trademark of U.S. Bancorp and its affiliates. TotalPay Card is a service mark of ADP, Inc. Visa and Visa Plus are registered trademarks of Visa U.S.A., Inc. 18