Workday Expands Payroll and Verification Ecosystem Through Cash App and Experian Integrations

Workday and Cash App have teamed up to allow eligible U.S. workers to direct their paychecks into Cash App's platform via Workday's Enhanced Direct Deposit interface, starting October 1. This integration will expose Cash App to Workday's user base of millions of American workers during the direct deposit selection process. Research from Cash App reveals that 65% of adult "Modern Earners" currently receive traditional ACH direct deposits into standard bank accounts, presenting a growth opportunity for the digital wallet platform.

In a separate development, Experian has integrated its automated verification platform, Experian Verify, with Workday to streamline real-time income and employment verifications for employers. This collaboration enables Workday users to fulfill income and employment verification requests automatically, reducing administrative burdens for human resources departments.

The partnership will provide access to over 80 million worker records, covering more than half of nonfarm payroll employees in the U.S. Workday customers will have access to Experian's integration through the new Workday Total Benefits solution, which will launch in late October.

Nancy Weitl, vice president of HCM product management at Workday, emphasized the importance of this collaboration, stating that HR teams should not have to chase paperwork, and employees should not have to wait for verifications to clear. Recent PYMNTS reporting highlights a shift in the payroll industry, with 61% of firms prioritizing payroll benefits as their next embedded finance deployment. Connecting payroll databases to credit bureaus automates income underwriting and eliminates the need for paper documentation.