As the banking climate continues to change and the economy begins to improve with workers re-entering the workforce, many of them will have abandoned traditional banking services while they were unemployed. These workers will likely require payment through paper checks. Paper checks not only cost your company more money to produce and distribute than direct deposit, but cashing paper checks add substantial cost to your employees in both time and money.
Quality pay card programs require no change to your existing payroll process. In partnership with this provider you will be able to increase your direct deposit participation, offer a more secure and convenient method for your unbanked workforce to receive their wages. It is important to require that your selected provider ALWAYS issues a branded card (Visa, MC) in both instant issue and personalized. The Visa payroll debit cards are a dignified financial tool for unbanked or under banked employees who have little or no access to financial services.
Branded Cardholder Benefits Include:
· Immediate access to funds
· Save Money - Eliminate fees incurred for check cashing services
· Provide safe, secure means to conduct financial transactions
· Offer real- time account management with online and by phone access
· Enable cardholders to make internet purchases
· Greater safety over carrying large sums of cash
· Discount programs and rewards
As an employer, Pay Cards will reduce business expenses associated with paper checks production and delivery. No change is required in your existing payroll process and requires no additional hardware or software.
Payroll cards:
· Save money
· Simplify payroll delivery
· Efficiently move money to a dispersed work force
· Insure employee access to wages in times of natural disaster
· Eliminate lost or stolen checks
· Improve employee morale
· Increase environmental responsibility
· Provide a valuable employee benefit
If you’re interested in saving money and increasing your companies’ environmental responsibility, then let the rapid! PayCard show you how. rapid! Paycard’s mission is to help our clients achieve a legally compliant 100% ePayroll program that benefits the company financially, improves the lives of their employees, and creates a more sustainable environmental model for payroll delivery.
