Through the agreement, Money Network, a leading 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 Networks Paycard clients to provide their employees immediate and free access to their payroll funds. This latest agreement further demonstrates the strategic relationship between First Data and ADP and follows a June 19, 2006, marketing agreement announcement which includes the ability for First Data to market ADP Small Business Services EasyPay payroll solution to companies with less than 50 employees.
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