The rapid! PayCard® Visa® Payroll Card team are experts in the complex area of prepaid card compliance and federal and state payroll regulations, and we share information with our clients to help assure their programs remain compliant.
When approached about the use of payroll cards in your company’s payroll offices, you may express concern regarding fees that may be incurred when using the cards. This is because the state wage payment statutes frequently require that employees be paid their wages "without discount," "without any reduction," or "without cost." With rapid! PayCard® Visa® Payroll Card provides numerous ways for your employees to access 100% of their pay without any fee incurred.
The rapid! PayCard team possesses a strong compliance department that works closely with our issuing banks to ensure the rapid! PayCard® Visa® Payroll Card products are compliant with all applicable banking regulations (BSA/AML, USA PATRIOT Act, Reg E, Privacy Regulations, etc). In addition, we closely monitor payroll card and wage payment laws at the national and state level. The rapid! PayCard® Visa® Payroll Card team stays current with this dynamic area of regulation.
The rapid! PayCard® Visa® Payroll Card team works vigilantly to ensure the paycard product features and deployment strategies are compliant with applicable regulations at the time of launch and throughout the life of your program.