Prepaid Payroll

Grow Revenue, Reduce Expenses and Expand Relationships with Payroll Cards Build Deeper Relationships with Small Business and Employee Groups

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Payroll cards enable banks to expand relationships with their Small Business and Employee Groups (SEGs) and meet the financial needs of unbanked employees of business customers. They provide opportunities for banks to grow revenue and introduce their business customers’ employees to a broader range of services. Reloadable prepaid payroll cards also help mitigate the expense of processing paper checks.

Prepaid payroll card programs generate incremental revenue for banks through account set-up, monthly management and interchange. They represent an option for greater spending power and more diverse purchase opportunities for people who may otherwise be limited in their ability to shop online, book airline travel or make hotel reservations. Payroll cards give employees a universally-accepted, Visa- or Mastercard-branded alternative to using debit or credit cards.

Prepaid payroll and incentive cards give banks the ability to profitably serve and deepen relationships with unbanked employees of their business customers.

Banks control the terms and conditions of their payroll card program pricing
Opportunity to co-brand cards with business customers and SEGs
Give options for compensating temporary, contract or full-time employees
Reduce administrative and processing expenses for payroll departments

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