Transfers: ADP Granted Payment Institution License
- ADP GSI, a company specialising in the management of human resources, including wages processing, is present in the latest list of Banque de France-approved Payments Institutions (regafi.fr website). It has been authorised by the ACP to perform the following payments: funds transfers, direct debits and card operations, including using card-similar devices.
- On 1st January, ADP also highlighted the completion of its customers’ SEPA migration for payroll credit transfers.
- Through this PI authorisation, ADP can now offer a wider range of services to its customer companies. It can, for instance, open and hold payment accounts on their behalf. Regarding payrolls, it is allowed to receive an overall fund transfers from employers and send individual credit transfer orders directly to the employees’ banks.
- Other corporate services may also be envisaged: refund and management of professional expenses, online travel booking and tracking, social welfare declarations and payments, VAT reclaim (purchases made using professional cards for instance: corporate or business cards).
- ADP has 6,000 employees in 32 EU countries and 20,000 customers, or about 9 million employees, including 9,200 customers in France.
- Meanwhile, end January, C2A (Compagnie de l’Arc Atlantique) has also been granted PI authorisation, instructed since September 2011. With headquarters in the French Basque Country, C2A issues business payment cards for European transportation companies to manage truck drivers’ expenses (fuel, toll roads, trucks maintenance, etc.). It relies on SAB-SAMIC business software. In addition to card payments and “issuing and/or acquiring of payment instruments”, C2A has also been authorised to propose “services enabling cash withdrawals from a payment account, as well as all the operations required for operating a payment account”.