Green Dot Partners with Workday to Enhance Payroll Solutions

Green Dot Corporation has partnered with Workday to enhance payroll solutions through rapid!'s innovative technology. The collaboration aims to provide seamless integration and improve employee financial wellness with Earned Wage Access. Green Dot's rapid! solutions reach over 7,000 businesses, promoting real-time access to wages and boosting employee satisfaction.

Green Dot Corporation (NYSE: GDOT), along with its wage and disbursements division, rapid!, has announced a partnership with Workday to deliver innovative payroll and payment solutions. This collaboration aims to streamline operations, improve employee retention, and promote financial wellness for Workday customers.

As a Built on Workday and Innovation Connect Partner, Green Dot will provide seamless integrations between Workday Payroll, Workday Human Capital Management (HCM), and Workday Absence, and rapid!’s PayCard, OnDemand Earned Wage Access, and Disbursements solutions. This partnership will enable joint Workday and Green Dot customers to access rapid!’s secure, scalable, and holistic platform, which empowers employees with early access to earned wages and greater financial flexibility.

Crystal Bryant-Minter, general manager and senior vice president of wage and corporate disbursement at Green Dot, stated, “Employees today expect agile, tech-forward solutions from their employers and seamless access to their earned wages. We are thrilled to partner with Workday to help deliver a smooth experience for businesses and employees alike, pairing Workday’s powerful solutions with rapid!’s payment capabilities to empower employees with simple, smart, and secure access to earned wages.”

Through this partnership, Green Dot will help businesses integrate its Built on Workday application to deliver secure, seamless, and scalable on-demand pay solutions. It will also enable real-time access to earned wages, enhancing financial wellness and reducing turnover and absenteeism. Additionally, it will replace slow, expensive, and outdated payroll methods with affordable, secure digital payment options, offering a holistic platform for all payout needs, including W-2, 1099, tips, missed pay, termination pay, and bonus corrections.

Trusted by more than 7,000 businesses, rapid! delivers modern, compliant payroll and disbursement solutions tailored to today’s diverse and dynamic workforce. Powered by Green Dot’s proprietary money movement technology and banking infrastructure, rapid! enables real-time disbursements to any account in the U.S., streamlining operations and elevating employee satisfaction.

Earned Wage Access (EWA) is reshaping financial wellness by giving employees greater control over when they get paid, aligning income with real-life expense cycles. A recent national survey of EWA users underscores its growing importance: 65% of workers say EWA is very important to them, 83% rate it as important as a retirement plan, and 84% say it helps them pay most bills on time. By offering flexible access to earned wages, employers not only reduce financial stress but also foster a more engaged and productive workforce.

For more information on rapid!’s innovative wage payment solutions, visit www.rapidpaycard.com and the Workday Marketplace.

References:
[1] https://www.marketscreener.com/news/green-dot-along-with-its-rapid-pay-division-joins-the-workday-partner-program-to-bring-seamless-a-ce7c50dedc80fe26