The firm offers payroll cards
elsewhere, but "we are not seeing hot growth in New Hampshire," he said.
Because the payroll cards
carry Seven Seventeen's name, and the credit union has taken an active role in employee signups, the program has given the credit union a valuable foot in the door with the community's underserved market.
He said that the Smart Pay Payroll Card
is the first of several products his company plans to introduce, including travel, remittance and gift cards.
New guide explains how payroll cards
work, options for accessing wages and how to limit or avoid fees
Employers should select a payroll card
provider or brand that is widely accepted at banks or retailers, and preferably one that participates in a surcharge-free ATM network and carries deposit insurance.
What are the features of C3 payroll card
and how it is different with normal bank accounts?
An overview of the benefits of payroll cards
for employers and employees
Michael Lindsey, BancorpSouth Senior Vice President, Retail Banking, said, "For businesses, the payroll card
streamlines the payroll process while reducing processing and check fees.
Springbok understands that every implementation process is unique, and as such, we will provide each client with essential support to make their prepaid payroll card
program a success," said John Nail, compensation product manager, Springbok Services.
NetSpend, a leading provider of general-purpose reloadable prepaid debit cards and related financial services, will act as the exclusive program manager and processor for the Brink's Money payroll card
can simply visit any participating Western Union Agent location, complete some basic information and present their card to the agent with their cash plus a $3.
Wages are deposited to the payroll card
account via direct deposit, and the employee uses the card to withdraw cash at an ATM or purchase goods and services.