Paysign and Spentra Announce Integration and Payroll Card Program
06 Junio 2023 - 7:05AM
Business Wire
Program Enhances Value Throughout the Cardholder Experience
Paysign, Inc. (NASDAQ: PAYS), a leading provider of
prepaid card programs, comprehensive patient affordability
offerings, digital banking services and integrated payment
processing, today announced their partnership with Spentra, a
fintech company specializing in pay access solutions for employers
and employees. Paysign’s partnership with Spentra enables payroll
card issuing utilizing the Mastercard® network.
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Paysign and Spentra Announce Integration
and Payroll Card Program – Program Enhances Value Throughout the
Cardholder Experience (Graphic: Business Wire)
This partnership allows Paysign to provide a full-featured
payroll debit card program that seamlessly integrates with
Spentra’s Money Earned® pay access system, enhancing the cardholder
experience and delivering essential money management tools.
Cards issued for the Spentra program include an EMV chip,
enabling additional protection from identity theft and fraud. Along
with the added security and flexibility, this partnership
consolidates payment-related services to a single provider,
removing friction from the cardholder experience.
This integration delivers added insights into cardholder
behaviors and interactions, providing a new level of analytics for
Spentra. The all-digital engagement model and mobile app allows
users to instantly activate their cards and manage their pay.
Paysign’s President and COO, Matt Lanford, stated, “We’re
thrilled to have Spentra as a partner and look forward to the
growth and innovations our alignment will bring to both companies.
We are excited for future phases of our product development with
Spentra and continuing to bring value to their clients and end
users.”
Spentra’s COO, Wayne McHugh said, “Our overall objective at
Spentra was to create a card platform that provided employers and
their employees with the options that mean the most to both groups.
Paysign has the solutions, technology and technology roadmap within
the payment space that are the best match for our customers. We
wanted to find a partner that aligned with our interests and
primarily did everything in-house – specifically, within customer
care, payment processing and technology – which many other
providers tend to outsource. We are excited to grow this
partnership with Paysign.”
For more information about Paysign’s suite of solutions for
businesses, please visit paysign.com/solutions. To learn
more about Spentra, visit spentra.com.
About Paysign, Inc.
Paysign, Inc. (NASDAQ: PAYS) is a leading provider of
prepaid card programs, comprehensive patient affordability
offerings, digital banking services and integrated payment
processing designed for businesses, consumers and government
institutions. Founded in 2001 and headquartered in southern Nevada,
the company creates customized, innovative payment solutions for
clients across all industries, including pharmaceutical,
healthcare, hospitality, and retail. Built on the foundation of a
reliable payments platform, Paysign’s end-to-end technologies
securely enable digital financial services and facilitate the
distribution of funds for donor compensation, copay assistance,
payroll, customer incentives, employee rewards, travel expenses,
per diem, reimbursements, gift cards, rebates, and countless other
exchanges of value. Paysign’s solutions lower costs, streamline
operations and improve client, employee and partner loyalty. To
learn more, visit paysign.com.
About Spentra LLC.
Spentra LLC., a fintech company, took off in 2008 and is
designed to service the wants and needs of both the employer and
employee. As a team that has deep operational experience across
multiple industry sectors, the results that followed was an
automated solution that brings the best paycard industry along with
patented features that benefit employees both at and away from
work. A complete automated, anytime, anywhere pay access solution,
intended to improve financial stability and help with employee
retention. Spentra also offers Money Earned®, a patented benefit,
that allows employees to access up to 50% of their net wages at the
time of request, at no cost to the employer. To learn more, visit
spentra.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230606005450/en/
Spentra LLC. Wayne McHugh COO, Spentra LLC.
wmchugh@spentra.com
Paysign, Inc. Alicia Ches Director of Marketing, Paysign, Inc.
pr@paysign.com
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