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Automatic Data Processing Acquires Global Cash Card - Quick Facts

Automatic Data Processing, Inc. (ADP) announced the acquisition of Global Cash Card, a provider in digital payments, including paycards and other electronic accounts. The financial terms of the deal were not disclosed.

Headquartered in Irvine, California, Global Cash Card offers solutions for both Form W-2 employees and Form 1099 contractors, as well as online tools that help customers manage their digital accounts, including online bill pay. With the acquisition of Global Cash Card, ADP will become the only human capital management provider with a digital payments processing platform and will enable ADP to offer digital accounts and flexible payment offerings across their existing base of more than 700,000 clients, while increasing the speed of implementation for new clients.

by RTT Staff Writer

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