Hopkinton, Mass. – June 25, 2020 – PrismHR, the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced that its HR service providers and their small business clients now have access to Plata Pay’s customizable, digital Visa® payroll card linked to a multi-currency, multi-balance digital wallet.
Plata Pay empowers employers with a better payroll distribution tool designed to improve employee recruitment and retention. Plata Pay provides a familiar payroll card platform, plus digital wallet technology, all-in-one. Uniting traditional payroll with fintech as financial transactions of all kinds continue to evolve to digital platforms, Plata Pay is the only pay card solution that:
- Improves employee benefits and achieves better customer retention
- Reduces payroll costs and delivers cost-savings to employees equivalent to a salary increase of 6% per user
- Enables businesses to support the needs of employees who have international family and personal networks
“Small businesses everywhere are looking for an alternative to traditional paychecks or pay cards to provide employees with the financial flexibility and freedom they need,” said Jonathan Wall, Vice President of Strategic Partnerships at PrismHR. “Plata Pay is the only pay card that offers revenue share opportunities to PEOS and a digital payment ecosystem to employees, which is a tremendous benefit for everyone.”
“This partnership with PrismHR is emerging at a pivotal time. Plata Pay was engineered around real feedback from employers grappling with payroll distribution and payment challenges. This revolutionary product adds the latest technology, security and portability to the old standard pay card products,” said Jeff Cooper, Founder and Chief Executive Officer of Plata Pay. “At a time when the world is suddenly managing through the changes forced by COVID-19, our platform will play a key role in supporting employers as they adapt to the need for touch-free, paperless payroll and payments. Processing payroll has never been this simple, safe and secure. Now, with PrismHR and Plata Pay, it is.”
About Plata Pay
A first-of-its-kind Visa® payroll card linked to a multi-currency, multi-balance digital wallet app, Plata Pay expands upon traditional pay card capabilities with a robust array of mobile transaction features. Plata Pay is the exclusive payroll card provider for the ePlata® network and payment ecosystem. As a member of the ePlata network, Plata Pay offers debit card and digital wallet services to employers and their employees with the same cost and time-saving features available on the ePlata mobile app. Visit the Plata Pay Marketplace page
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit www.prismhr.com.
PrismHR Public Relations Maryellen Edwards
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