Walmart Launches Associate Electronic Pay Program with MasterCard and First Data
Provides Easy Access to Pay and Reduces Use of Paper Paychecks
BENTONVILLE, Ark., Sept. 3 /PRNewswire-FirstCall/ -- Walmart, MasterCard
Worldwide and First Data today announced a new, more sustainable payroll
program designed to reduce the number of paper paychecks and pay stubs
distributed each year to Walmart and Sam's Club associates in the U.S. In
order to benefit both associates and the environment, the electronic pay
program will include the deployment of the Money Network(TM) MasterCard
Paycard(R) and electronic pay stubs, which will cut down on paper consumption
and provide associates easier access to their wages.
"Electronic payroll is the right choice for our associates, our company and
the environment," said Tom Schoewe, executive vice-president and CFO, Wal-Mart
Stores, Inc. "It provides our associates with fast, convenient and safe access
to their pay. The program's ability to reduce paper usage is right in line
with Walmart's commitment to eliminate waste wherever we can."
Walmart associates may receive their pay either by direct deposit or through
the First Data Money Network program and may access their wages through the
Money Network MasterCard Paycard(R) or Money Network(TM) Checks. The program
will provide a more flexible way for associates to get immediate access to
their full wages on payday even during natural disasters such as blizzards,
hurricanes and floods. Associates will not need to come in on their day off or
while on vacation to receive their pay, and they will have the convenience of
receiving cash fee-free at any Walmart or Sam's Club register. The new
electronic pay program will be rolled out to all U.S. associates in September.
"We have worked closely with Walmart and First Data to develop a customized
program that will simplify the payroll process and support environmental
sustainability," said Chris McWilton, president, U.S. Markets, MasterCard
Worldwide. "We are excited that we are able to support Walmart's vision for
truly responsible and sustainable business operations by providing Walmart and
Sam's Club associates with the benefits of immediacy, security, simplicity and
efficiency offered by paperless wages." MasterCard will be the exclusive brand
for the card, which can be used anywhere Debit MasterCard is accepted,
including ATMs.
First Data will provide the processing and reload network for the program as
part of First Data's Money Network(R) Payroll Distribution Service. "Walmart
is raising the bar for employers everywhere by providing associates who don't
have bank accounts with immediate access to funds on payday, without fee or
discount, and access to cash at thousands of locations across the country,"
said Ed Labry, president, Retail and Alliance Services, First Data.
"Associates may also write Money Network Checks payable to themselves or use
them to pay bills, just like any other check." Associate funds in the Money
Network program are FDIC-insured.
Walmart's Sustainability Commitment As part of its company-wide sustainability
goals, Walmart is committed to being supplied 100 percent by renewable energy,
creating zero waste and selling environmentally-friendly products. The company
is moving toward these goals by using sustainable sourcing practices including
energy efficiency, waste reduction, renewable energy and lifecycle management.
These initiatives are making Walmart a more sustainable company and helping
create a favorable environment for green job creation.
About Walmart Stores, Inc.
Wal-Mart Stores, Inc. (NYSE: WMT), or "Walmart," serves customers and members
more than 200 million times per week at more than 8,000 retail units under 53
different banners in 15 countries. With fiscal year 2009 sales of $401
billion, Walmart employs more than 2.1 million associates worldwide. A leader
in sustainability, corporate philanthropy and employment opportunity, Walmart
ranked first among retailers in Fortune Magazine's 2009 Most Admired Companies
survey. Additional information about Walmart can be found by visiting
www.Walmartstores.com. Online merchandise sales are available at
www.Walmart.com and www.samsclub.com.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic
link among financial institutions, businesses, cardholders and merchants
worldwide. As a franchisor, processor and advisor, MasterCard develops and
markets payment solutions, processes approximately 21 billion transactions
each year, and provides industry-leading analysis and consulting services to
financial-institution customers and merchants. Powered by the MasterCard
Worldwide Network and through its family of brands, including MasterCard(R),
Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more
than 210 countries and territories. For more information go to
www.mastercard.com.
About First Data
First Data powers the global economy by making it easy, fast and secure for
people and businesses to buy goods and services using virtually any form of
electronic payment. Whether the choice of payment is a gift card, a credit or
debit card or a check, First Data securely processes the transaction and
harnesses the power of the data to deliver intelligence and insight for
millions of merchant locations and thousands of card issuers in 36 countries.
First Data's Money Network Payroll Distribution Service delivers the benefits
of paperless pay, while at the same time reducing administrative costs for
employers. For more information, visit www.firstdata.com.
Media Contacts:
Michelle Bradford, Walmart, Tel +479 204 6696, michelle.bradfordO@Wal-mart.com
Sarah Ely, MasterCard Worldwide, Tel. + 914 249 6714, sarah_ely@mastercard.com
Glen Turpin, First Data, Tel +303 967 6552, glen.turpin@firstdata.com
SOURCE Wal-Mart Stores, Inc.
Michelle Bradford of Walmart +1-479-204-6696, michelle.bradfordO@Wal-mart.com;
or Sarah Ely of MasterCard Worldwide, +1-914-249-6714,
sarah_ely@mastercard.com; or Glen Turpin of First Data, +1-303-967-6552,
glen.turpin@firstdata.com