Visa and ADP Sign Five Year Agreement to Expand Adoption of Visa Payroll Cards

Business Wire, May 3, 2007

ADP to Market Visa Payroll Cards to Its Clients as More Employers Explore Convenience and Cost Savings of Prepaid Cards over Checks

SAN FRANCISCO -- Visa USA today announced a five-year agreement with ADP[R] Employer Services, a division of Automatic Data Processing, Inc. (NYSE: ADP), to offer Visa-branded payroll cards to its clients. The agreement reflects the two industry leaders' commitment to grow prepaid card solutions that offer convenience and cost savings for businesses and their employees. The Visa branded ADP Total Pay card is issued by a number of Visa member financial institutions.

The agreement extends an existing relationship between Visa and ADP. Under the agreement, ADP will continue to market Visa-branded payroll card to its clients. ADP Employer Services pays 1-in-6 U.S. workers and serves more than 550,000 clients worldwide.

The Visa-branded ADP TotalPay card gives employers added flexibility in providing payroll options to their employees. By offering payroll cards, employers can create a paperless payroll solution and deliver the option of electronic payroll to those who may not have a traditional banking relationship.

Thousands of employers -- from midsized businesses to national corporations -- currently offer Visa-branded payroll cards as a way to help meet the diverse needs of their work force. According to Visa estimates, approximately 80 million people in the U.S.-- roughly a quarter of the nation's population -- lack a bank account or access to a payment card. This audience receives approximately $1 trillion in annual income and relies heavily on cash for everyday transactions. The Visa-branded payroll card offers employees a safer and more convenient alternative to paper paychecks.

"The workplace represents an important distribution channel for Visa prepaid products, especially products such as the Visa Payroll card, which help to address the needs of those consumers living a cash-and-carry lifestyle," said Nizam Antoo, vice president, prepaid products, Visa USA. "Visa's alliance with ADP enables us to continue to expand the prepaid category while giving our merchant and member partners more opportunity to benefit from Visa prepaid products."

According to the American Payroll Association, four million paychecks are lost or stolen annually. For employers, the Visa-branded ADP TotalPay card helps increase processing efficiency and savings while providing added flexibility and, in many cases, savings to their employees.

"Today's employers require a variety of payroll processing solutions to support a diverse work force," said Laurie Eldridge, Senior Division Vice President and General Manager of ADP Tax and Financial Services. "Our agreement with Visa extends our services and creates a solution that has broad acceptance and robust functionality."

Visa Payroll cards can be used anywhere Visa debit cards are accepted, and are protected from fraudulent or unauthorized transactions by Visa's Zero Liability policy in the event the card is lost or stolen.1

For more information regarding the Visa-branded ADP TotalPay card, please visit www.adp.com.

About Visa USA

Visa USA is a leading payment brand and the nation's largest payment system, enabling banks to provide their consumers and business customers with a wide variety of payment alternatives tailored to meet their evolving needs. Visa USA is committed to increasing the choice, convenience, acceptance and security of Visa payments for all stakeholders in the payment system -- members, cardholders and merchants. Through its 13,382 member financial institutions, more than 510 million Visa-branded cards have been issued to cardholders in the United States.

Worldwide, cardholders in more than 150 countries carry more than 1 billion Visa-branded cards, accounting for more than $3 trillion in annual transaction volume in 2006. VisaNet, Visa's global processing system and the world's largest financial network, processes transactions with unparalleled reliability.

About ADP

Automatic Data Processing, Inc. (NYSE: ADP), with over $7 billion in revenues and more than 570,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. Employer Services (ES), a division of ADP, offers the widest range of HR, payroll, and benefits administration solutions from a single source, to meet the extensive business needs of employers worldwide. Built with more than 50 years of industry experience, ADP ES' cost-effective, easy-to-use solutions provide superior value to companies of all sizes. Over 550,000 companies rely on ADP ES for unparalleled service and compliance expertise, allowing them to focus on other core activities. For more information about ADP ES or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.ADP.com.

1 U.S. issued cards only. Visa's Zero Liability policy does not apply to commercial credit card or ATM transactions, or PIN transactions not processed by Visa. Issuers should encourage cardholders to notify their financial institution immediately of any fraudulent use. Any specific restrictions, limitations, and other details should be set forth clearly in the cardholder agreement.