PayPal Partners With Workday to Integrate Direct Deposit Services
PayPal has announced a strategic partnership with Workday to integrate PayPal Direct Deposit into Workday's Enhanced Direct Deposit (EDD) program. This integration allows employees of participating U.S.-based Workday customers to receive their pay up to two days earlier than scheduled directly into their PayPal accounts. The collaboration aims to enhance employee financial well-being by providing seamless access to PayPal’s ecosystem, including instant peer-to-peer transfers, high-yield savings via PayPal Savings, and cashback rewards through the PayPal Debit Mastercard. For employers, the integration requires no additional cost or setup work, as it utilizes Workday's existing payroll infrastructure.
Topics: Direct Deposit Employee Benefits Fintech Partnerships Payroll Integration