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TotalPay ® Card – Electronic Pay for the Public Sector ADP TotalPay ® Card The Electronic Payment Solution for University of Pennsylvania.

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Presentation on theme: "TotalPay ® Card – Electronic Pay for the Public Sector ADP TotalPay ® Card The Electronic Payment Solution for University of Pennsylvania."— Presentation transcript:

1 TotalPay ® Card – Electronic Pay for the Public Sector ADP TotalPay ® Card The Electronic Payment Solution for University of Pennsylvania

2 2 TotalPay ® Card – Electronic Pay for the Public Sector TotalPay Card Is... Prepaid stored-value card – Personalized, reloadable Visa debit card – PIN and signature based Replenished with each pay cycle Accepted at a global network of participating ATMs, Visa merchants, and Visa member banks Instant-issue Visa card also available—a great solution for “on-the-spot” disbursements

3 3 TotalPay ® Card – Electronic Pay for the Public Sector Why Pay Cards Make Sense for Penn Direct deposit on plastic is an alternative for under banked Reduce fraud exposure associated with checks No escheatment required Increase operational efficiency – No check distribution or reconciliation – Eliminate lost or stolen checks – Reduce/eliminate manual checks – Reduce fees for stop payments and expedited services Improve Business Continuity/Recovery

4 4 TotalPay ® Card – Electronic Pay for the Public Sector Economics Make Sense for Employees Cost savings for participants No check cashing fees No special trips to pick up a check Convenience Funds deposited automatically 24-hour access to funds Transaction activity and spending easily tracked Safety and security No need to carry cash Low-cost Access To Funds 1 Average Annual Consumer Expense Check Cashing $789 Checking Account$115 Stored Value Card $ “The Cost Effectiveness Of Stored-Value Products”, May 2005, James C. McGrath. Federal Reserve Bank of Philadelphia

5 5 TotalPay ® Card – Electronic Pay for the Public Sector Participants Will Appreciate... Immediate access to funds No check-cashing fees or waiting in long bank lines No waiting for deposited checks to clear Making purchases anywhere Visa ® debit cards are accepted—in person, online, by mail, or by phone Online or phone-based transfer of funds from the card to a U.S.-based bank account Secondary cards are available for a spouse or other trusted family member /Text balance alerts

6 6 TotalPay ® Card – Electronic Pay for the Public Sector TotalPay Card Is for Everyone No bank account? Don’t need one! A bank account is not required No credit or poor credit? No credit approval is required

7 7 TotalPay ® Card – Electronic Pay for the Public Sector TotalPay Card Is Convenient Easy access to cash Cash withdrawal available at 924,000 Visa or PLUS ® ATMs*; 32,000 Allpoint ATMs Cash back with point-of-sale transactions at participating merchants that accept Visa debit* Over-the-counter (OTC) Teller cash withdrawal from Visa member banks* Load cash from other sources such as wages from a job, tax refunds, government benefits, and child support payments * Nominal fees may apply.

8 8 TotalPay ® Card – Electronic Pay for the Public Sector Be Assured No need to carry large amounts of cash Lost or stolen cards can be replaced with their full remaining stored value No liability for fraudulent charges* Deposits and transactions are confidential * Visa’s Zero Liability Policy provides protection from any unauthorized purchases. U.S. issued only. Visa’s Zero Liability Policy does not apply to commercial card or ATM transactions, or to PIN transactions not processed by Visa.

9 9 TotalPay ® Card – Electronic Pay for the Public Sector Cardholder Services Free unlimited cardholder Web access provides the following: Card Activation ATM Locator Balance Inquiries Transaction History Visa Bill Pay Print Dispute Form Visit

10 10 TotalPay ® Card – Electronic Pay for the Public Sector Surcharge-Free ATM Access The Allpoint network provides the largest surcharge-free ATM network in the U.S. Allpoint ® ATM Network Network ATMs located in these states. 32,000 ATMs nationwide Over 1,800 in Philadelphia Conveniently located in national retail locations including: – CVS – Wawa Food Market – 7-Eleven – Rite Aid – Sunoco

11 11 TotalPay ® Card – Electronic Pay for the Public Sector Campus Allpoint ATM Locations CVS 3925 Walnut Street 7-Eleven 106 South 38th Street Pasquallys 202 1/2 South 43rd St Wawa Food Market Chestnut St 7-Eleven 3401 Lancaster Ave 7-Eleven Walnut St

12 12 TotalPay ® Card – Electronic Pay for the Public Sector Overview of Free Services Unlimited Use Free Services Allpoint in-network ATM Withdrawals Free Purchase Transactions – Signature Free Purchase Transactions – PIN code Free Purchase with Cash Back – PIN Code Free One free service per pay period Visa Member Bank In-Person Cash Withdrawal Two free services per month Web Access Money Transfer

13 13 TotalPay ® Card – Electronic Pay for the Public Sector Cardholder Services (Cont.) 24-hour toll-free Customer Service Automated Phone Service Live Customer Service Representative

14 14 TotalPay ® Card – Electronic Pay for the Public Sector The Employee can write check(s) for up to their available balance Money Network process designed to minimize overdrafts There is no fee for overdraft (balance goes negative until next pay) Resolving any overdraft is between merchant and employee

15 15 TotalPay ® Card – Electronic Pay for the Public Sector Is Penn “Leading Edge?” Not so much! University of California Emory University Northwestern University PECO CBS Kelly Services Walmart Wendys Sears Abercrombie and Fitch IRS debit card for 2010 Income tax refunds!

16 16 TotalPay ® Card – Electronic Pay for the Public Sector Implementation Timeline Business Advisory Board update2/8 BA / Payroll Admin Communication2/10 Human Resource Council2/11 Bank fair notification with checks2/25 2/28 ADP option notification with checks3/11 3/31 ADP/bank fairs3/14 3/22

17 17 TotalPay ® Card – Electronic Pay for the Public Sector Implementation Timeline Direct deposit not elected byApril 15 ~2,066 Permanent (Blue) Pay cards mailed to current address in payroll system Faculty, Staff, Student Workers Daily FTP of new hires Red Temporary Pay Cards Outsourced ADP option effective Weekly Paid June 24 Monthly Paid June 30 Students not on payroll (reimbursements)Fall 2011 Phased in approach

18 18 TotalPay ® Card – Electronic Pay for the Public Sector Closing Thought “It’s a step in the right direction. It makes sense and is in the direction that many institutions are going.” - Dr. Fred Scatena Professor Chair, Earth and Environmental Science

19 19 TotalPay ® Card – Electronic Pay for the Public Sector Questions? Website exchange.upenn.edu Phone

20 TotalPay ® Card – Electronic Pay for the Public Sector TotalPay Cards are made available by ADP. The TotalPay Card is issued by ADP Federal Credit Union, or Palm Desert National Bank pursuant to a license from Visa U.S.A. Inc. The ADP logo is a registered trademark of ADP of North America, Inc. TotalPay is a registered service mark of ADP, Inc. Allpoint is a registered trademark of ATM National, Inc. U.S. Bank is a registered trademark of U.S. Bancorp and its affiliates. TotalPay Card is a service mark of ADP, Inc. Visa and Visa Plus are registered trademarks of Visa U.S.A., Inc. TotalPay Card Get paid the TotalPay Card way! 20


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