ADP Acquires Global Cash Card For Digital Payments

10/11/17

Quick Take

Payroll and talent management company ADP (ADP) has announced it has acquired Global Cash Card for an undisclosed amount.

Global Cash Card has created a direct digital payment processing system for paycards used by businesses of all sizes.

With the deal, ADP gains a significant player in the paycard space to add to its existing solution as it pursues a younger demographic and adjacent opportunities such as the underbanked and ‘gig economy’ workforce.

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