Green Dot, along with its rapid! Pay Division, Joins the Workday Partner Program to Bring Seamless and Value-Driven Payroll Solutions to Workday Clients

PROVO, Utah--(BUSINESS WIRE)--Green Dot Corporation (NYSE:GDOT), along with its wage and disbursements division, rapid!, announced it has joined the Workday Partner Program. Through this partnership, Green Dot will deliver innovative payroll and payment solutions including earned wage access (EWA) designed to help streamline operations, improve employee retention and promote financial wellness for Workday customers.

As a Built on Workday and Innovation Connect Partner, Green Dot provides seamless integrations between Workday Payroll, Workday Human Capital Management (HCM), and Workday Absence, and rapid!’s PayCard, OnDemand Earned Wage Access, and Disbursements solutions. Through this partnership, joint Workday and Green Dot customers can access rapid!’s secure, scalable and holistic platform, which empowers employees with early access to earned wages and greater financial flexibility.

“Employees today expect agile, tech-forward solutions from their employers and seamless access to their earned wages,” said Crystal Bryant-Minter, general manager and senior vice president of wage and corporate disbursement at Green Dot. “We are thrilled to partner with Workday to help deliver a smooth experience for businesses and employees alike, pairing Workday’s powerful solutions with rapid!’s payment capabilities to empower employees with simple, smart and secure access to earned wages.”

As a Workday partner, Green Dot will help businesses:

• Integrate its Built on Workday application to deliver secure, seamless and scalable on-demand pay solutions
• Enable real-time access to earned wages, enhancing financial wellness and reducing turnover and absenteeism
• Replace slow, expensive and outdated payroll methods with affordable, secure digital payment options
• Offer a holistic platform for all payout needs, including W-2, 1099, tips, missed pay, termination pay and bonus corrections

Trusted by more than 7,000 businesses, rapid! delivers modern, compliant payroll and disbursement solutions tailored to today’s diverse and dynamic workforce. Powered by Green Dot’s proprietary money movement technology and banking infrastructure, rapid! enables real-time disbursements to any account in the U.S., streamlining operations and elevating employee satisfaction.

Earned Wage Access (EWA) is reshaping financial wellness by giving employees greater control over when they get paid, aligning income with real-life expense cycles. A recent national survey of EWA users underscores its growing importance:

• 65% of workers say EWA is very important to them
• 83% rate it as important as a retirement plan; 79% say it’s on par with life insurance
• 84% say it helps them pay most bills on time
• 67% say it supports paying down credit card debt
• 57% say it enables monthly savings
• 63% report a more positive perception of their employer because of EWA

By offering flexible access to earned wages, employers not only reduce financial stress – they also foster a more engaged and productive workforce.

For more information on rapid!’s innovative wage payment solutions, visit: www.rapidpaycard.com and the Workday Marketplace.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. ​For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.

Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network (“GDN”) of more than 90,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 7,000 businesses and their employees; and Santa Barbara Tax Products Group (“SBTPG”), the company’s tax division, which processes more than 14 million tax refunds annually.

Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank¹ is a subsidiary of Green Dot Corporation and member of the FDIC. For more information about Green Dot’s products and services, please visit www.greendot.com.

¹ Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.