Make Room in the Trophy Case! ADP’s New Instant Funding API and Instant Tips Solutions Bring Home Two Top Innovation Awards from Visa and PYMNTS.com
ALINE Card by ADP® Also Receives Three Visa DPS Client Achievement Awards
Restaurant servers and support staff no longer need to wait to collect their tips thanks to a new Application Program Interface (API) from ADP called “Instant Funding” available on the ADP® Marketplace and its new “Instant Tips” solution. ADP developed these tools to provide clients the ability to more frequently and instantly fund employees’ tips to their ALINE Card, a reloadable prepaid payroll card.*
The Innovation Project founded by PYMNTSbrings together senior executives and thought leaders in payments, commerce and retail each year for two days of closed-door, off-the-record discussions held at Memorial Hall on the campus of Harvard University® in Cambridge, MA.**
This year, this highly unique and high-powered forum shared insights on where they’re placing their bets on the future of payments innovation as they look ahead to the next decade.
ADP’s Instant Funding API and Instant Tips Solutions won the fifth annual PYMNTS’ Innovator Awards.ADP was selected by a panel of judges and PYMNTS.com readers via online votes as the GOLD winner in the “Best Prepaid Innovation” category, beating five other finalists.
“I’m very pleased to recognize ADP’s Instant Funding as a real innovator in the prepaid space,” said Karen Webster, CEO of PYMNTS.com. “The PYMNTS Innovation Awards celebrate the companies, and men and women, who have made the most significant contributions to innovation in payments and commerce in the past, and the entrepreneurs who have the most promising solutions for driving innovation forward.”
The Visa DPS awards — which recognize the top-performing debit, credit and prepaid programs offered by Visa DPS clients — honored ADP with four awards this year, including the Visa Excellence in Innovation award for Instant Funding and Instant Tips.
To win this award, the five innovation finalists presented their solutions to attendees of the Visa DPS Users’ Conference in Denver, Colorado. The attendees then voted on the winner using the Visa user conference app.
Visa also awarded ADP with three additional Client Achievement Awards for its ALINE Card including, “Highest Point of Sale Usage” and for the second consecutive year “Overall Portfolio Execution” and “Highest Authorization Approval Rate.”
ADP’s Instant Funding API and Instant Tips Solutions help:
- Decrease the payroll cycle payment time for tips and commissions.
- Increase employee retention by offering more frequent pay cycles than other employers.
- Reduce cash storage risks at store locations.
To read more about ADP’s ALINE Card, visit the ADP website.
* Separate agreement with Gratuity Solutions® may be required for Instant Tips, with calculation and disbursement to ALINE Cards within POS system. Employee must activate the ALINE Card to receive wage payments. Clients must have an active ALINE Funding Account with sufficient balance to satisfy all payments.
** The Innovation Project® and PYMNTS.com® are not affiliated with Harvard University, nor is the Innovation Project® 2017 a Harvard University program or activity.