PAYROLL CARD
Payroll Cards are an additional function of stored value cards. With the power
of loading funds from the card administrator versus a financial institution,
employers can provide a financial service to their employees without checking
or savings accounts, traveling employees, temporary hires, and contracted employees.
BENEFITS TO EMPLOYER:
- Reduces check costs
- Reduces operation/administration costs
- Satisfies the needs of employees who do not have a bank account
- Satisfies the needs of contract-only employees
- Eliminates lost check and replacement fees
BENEFITS TO EMPLOYEE:
- Funds are available immediately
- No credit checks or minimum balance
- Eliminates check cashing/depositing trips
- Card can be used worldwide
- Transfer money to secondary card in another country
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