Asure’s New Technology Integration With Certegy Helps Businesses Offer Secure, Convenient, and Lower-Fee Check Cashing for Unbanked Employees

Rhea-AI Summary

Asure Software (Nasdaq: ASUR) has partnered with Certegy to enhance payroll processing for its over 80,000 business customers. This collaboration introduces Certegy's Positive Pay program, allowing unbanked employees easier access to cash their checks at over 100,000 retailers in the U.S. The program aims to reduce payroll fraud and lower check-cashing fees for businesses, providing a competitive advantage in employee recruitment and retention. Asure's integration of this secure payment solution is expected to further empower its clients to onboard more workers efficiently.

Positive

• New partnership with Certegy enhances payroll processing.
• Enables over 80,000 customers to offer unbanked employees easier check cashing.
• Positive Pay program reduces risk of payroll fraud.
• Lower check-cashing fees for businesses improve employee retention.

Negative

• None.

AUSTIN, Texas, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Asure Software, Inc., (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today announced a new partnership with Certegy, a leading provider of payment and risk management technology for retailers and financial institutions.

Connecting Asure’s 80,000+ Payroll and HR business customers with Certegy’s Positive Pay program enables these businesses to now offer their unbanked employees more options when cashing their paper checks. In turn, this increases our business customers’ ability to retain and recruit employees.

Certegy's Positive Pay program enables quick approval for checks on record while preventing fraud. The information provided by check issuers is used to validate checks upon presentment at 100,000+ retailers throughout the US. This validation process greatly reduces risk for check cashing retailers, which allows these retailers to assess a lower check-cashing fee to customers of enrolled companies.

Certegy’s Positive Pay program protects check issuers from fraud while offering consumers hassle-free access to funds through a fast, frictionless check cashing experience.

Asure’s business customers benefit by reducing payroll fraud while concurrently allowing their unbanked employees to conveniently cash checks with lower fees.

“Adding this secure payment integration to our technology suite is yet another innovation that powers the growth of our business customers. In today’s marketplace, companies need every edge to onboard workers. Offering employees the ability to cash their checks with lower fees at over 100,000 locations is a distinct competitive advantage that our customers can leverage to win more workers,” said Pat Goepel, Chairman and CEO of Asure.

About Certegy

Certegy is a leading provider of payment and risk management technology for retailers and financial institutions across North America. Certegy’s technology allows businesses to expand their payment mix with ACH payments, leveraging proprietary authorization systems, algorithms, and risk assessment decision-making platform to provide low risk, low-cost transactions via mobile, web, and point-of-sale. For over 60 years, Certegy has managed risk by staying at the forefront of payment innovation, using sophisticated proprietary technologies to process, verify, and warranty ACH and check transactions for more than 4,000 retailers, corporations, and financial institutions at more than 100,000 retail locations. To learn more, visit www.certegy.com.

About Asure Software

Asure (Nasdaq: ASUR) is a leading provider of Human Capital Management (“HCM”) software solutions. We help small and mid-sized companies grow by assisting them in building better teams with skills to stay compliant with ever-changing federal, state, and local tax jurisdictions and labor laws, and better allocate cash so they can spend their financial capital on growing their business rather than back-office overhead expenses. Asure’s Human Capital Management suite, named Asure HCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software as well as human resources (“HR”) services ranging from HR projects to completely outsourcing payroll and HR staff. We also offer these products and services through our network of reseller partners. Visit us at asuresoftware.com.

Investor Relations Contact

Randal Rudniski
Vice President, Investor Relations, Financial Planning & Analysis
512-859-3562
randal.rudniski@asuresoftware.com

FAQ

What is the recent partnership announced by Asure Software?

Asure Software has partnered with Certegy to provide enhanced payroll services for their customers.

How does Certegy's Positive Pay program benefit Asure's customers?

The program allows unbanked employees to cash checks at over 100,000 retailers, reducing payroll fraud and check-cashing fees.

What impact does this partnership have on employee recruitment for Asure's customers?

It provides a competitive edge by offering easier cashing options, helping businesses attract and retain employees.

How many retailers are involved in Certegy's Positive Pay program?

The Positive Pay program is available at over 100,000 retailers across the U.S.

What is the stock symbol for Asure Software?

Asure Software trades under the ticker symbol ASUR.