Means Many of Your Employees Do Not Have

It means many of your employees do not have either a checking or savings account with a financial institution (Unbanked) or they have one but prefer to use alternative financial services (Underbanked). These employees prefer to use non-bank money orders, non-bank check-cashing services, payday loans, rent-to-own agreements, pawn shops and refund anticipation loans. These alternative financial services are much more expensive than traditional services and are costing your employees an exorbitant percentage of their hard earned money.

What can you do to help them keep more of their money? Offer them the option of using a Prepaid Payroll Card. The card is a reloadable Visa® card that is offered as a way to electronically distribute their pay. These cards can be used anywhere Visa debit cards are accepted, making them as good as cash-and better than checks.

How does this help your employee?

 

  • Cost Savings – Eliminates costly check cashing fees. No activation or monthly fees.
  • Faster Access to their Pay – Electronically loaded immediately to their card. Eliminates possible costly mail delays.
  • Safety – No need to carry large quantities of cash.
  • Acceptance – The card is welcome everywhere Visa debit is accepted.
  • Protection – Visa’s Zero Liability Policy protects cardholders against unauthorized purchases.
  • Pay Anyone – Access to an online bill pay service enables cardholders to pay bills to anyone.

    How does this help you?

     

    • Cost Savings – Reduces payroll expenses. The electronic delivery of payroll is Free to you the employer and eliminates the expense of issuing, delivering and reconciling paper checks.
    • Optimize Payment Process – Avoids production, handling and distribution of checks; eliminates the time constraints and fees associated with lost and stolen checks. Use your existing payroll system to set up direct deposit to the card account instead of to a checking account.
    • Security – Provide

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    • s safe and efficient electronic delivery of funds.
    • Environmental – Enables your company t

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