Rapid!

New payment disbursement technologies are transforming what payday means for payroll departments and employees. rapid! On Demand helps address the growing discrepancy in workforce pay timing with traditional full-time employees waiting weeks for payday while contract and freelance workers get paid as they work. The death of payday as we know it is right around the corner and its time to embrace these powerful new technologies to make payroll a benefit rather than a burden. rapid! Disbursements enables employers to cut payroll costs and improve efficiency while providing employees the freedom to choose HOW and WHEN they want to get paid, a compelling feature for employers looking to drive employee recruitment, retention and attendance in a tight labor market. The disbursement methods available via the rapid! Disbursements platform include the rapid! PayCard Visa Payroll Card, instant funding to existing debit cards, prepaid cards or online wallets, standard or same-day ACH transfers to bank accounts, digital checks, and cash pick-up at retailers nationwide. rapid! Disbursements, available to employers and payroll software partners via API integration or as a hosted, cloud-based solution, provides corporate clients the ability to manage payouts, and for recipients to choose their desired payout timing and method across the wide range of payout options made possible by the platform. Corporate clients can execute mass business-to-consumer payouts by uploading standard payfiles to the rapid! Disbursements portal, with payouts delivered via the method selected and consented to by recipients. rapid! Disbursements is a single solution for employer payout needs where a patchwork of costly, inconvenient, and slower payment methods is often used today. Use cases include, but are not limited to traditional payroll, on-demand payouts to gig economy/1099 workers, tips, wage advances, and termination pay.