Payroll Cards & Payroll Debit Card Employee Program Benefits

The most obvious employees likely to benefit from payroll cards are the “unbanked” employees – those who use expensive Check Cashing Agencies and typically carry large amounts of cash. Many other employees can benefit as well – employees who regularly transfer money, or who provide funds to other household members for everyday use.

The USA Paycard payroll card saves employees money:

Employees who typically use Check Cashing Agencies pay 4%-6% of each paycheck to get their cash. An employee using a payroll debit card can save from $300 - $700 or more each year.

Employees who seldom write checks, but maintain bank accounts primarily as a place to deposit their pay – especially low-income workers like students and other part-time workers - often pay fees as much as $10 per month to keep their accounts. The paycard can save them over $100 per year and provide more convenience.

Employees who regularly transfer money to relatives using Western Union or MoneyGram can pay over $1,000 per year in transfer fees. With the prepaid payroll card, they can have a second card issued to send to the person to whom the money is being transferred – domestically or internationally. Then they can either have their pay split between the cards, or easily transfer money from their payroll debit card to the transfer card – at a cost hundreds of dollars less.

The Payroll Card is safer and more convenient:

Payroll deposit cards are safer. Unlike lost cash, the payroll check card can be replaced and the value restored immediately, as employers typically store replacement cards at each employee location.

The employee payroll card is more convenient. Employees no longer need to stand in line to cash checks and the money is available first thing on payday.

The payroll debit card is more effective for budgeting. Instead of carrying a large amount of cash, employees can use the card for food, clothing, gas, and other everyday necessities at close to a million or more of employees’ favorite stores.

Employer Payroll Card Programs and How Payroll Cards Work

Payroll Card Loading
The paycard works like a direct deposit. The employer enters the Transit Routing Number and Card Number of the issuing bank for each card issued to the employee - and records on its same direct deposit process the amount of pay to be placed on each card. The card can also be loaded by transferring money from an account at a financial institution to the card, or from another card.

Card Use
The USA Paycard payroll card can be used at over 300,000 ATMs in the US and 800,000 ATMs throughout the world. As a PIN-based card, it can be used at the point of sale – in grocery stores, gas stations, drug stores, and other retailers - at close to 1 million locations domestically and over 5 million internationally. It can also be issued as a MasterCard or Visa card, and used anywhere MasterCard or Visa is accepted – 5 million locations in the US and 18 million worldwide. Cardholders can also transfer money from the paycard to another card or to a qualifying account at a financial institution.

Customer Service
USA Paycard's card processing company (Genpass) provides world-class customer service through their state-of-the-art call center and the Internet. Cardholders can use the Internet or Call Center 24 hours a day, 7 days a week to check balances, transfer funds, or view statements. Cardholders can also use most ATMs around the world to check balances as well.

Reporting
Reports are made available to employers through Genpass Connect – Genpass’ innovative Internet-based reporting tool.

Future
USA Paycard and Genpass are constantly looking to improve the value of our payroll debit cards to both employers and employees. Future developments include payments, access to additional lower-cost financial services, usage promotions, loyalty programs, and more.

USA Paycard payroll cards are one of the most exciting new products to come from the financial services arena. Unlike most bank-like products, it actually saves customers money and simplifies their lives. USA Paycard and Genpass are in the forefront, offering the best product with the best service – we truly understand the importance to the customer.

Payroll Card Programs for Employers

The USA Paycard payroll card is a revolutionary product that reduces expenses and provides convenience to both employers and employees.

For employers, the payroll debit card can dramatically reduce the cost and headaches of managing physical paychecks. It ensures that employees have instant access to their funds on payday as well as promoting employee loyalty. The payroll debit card is highly flexible – it can be used by many different employees for a wide variety of purposes, including those who are “unbanked” or partially banked employees who frequently transfer money, or those who have dependents (college students, others) to whom they currently provide cash or checks.

For employees, USA Paycard Payroll Cards are less expensive, safer, and more convenient than many of the financial services that employees use today. It is far less expensive and easier for employees to have their pay loaded on the Paycard and then use the card at ATMs and retailers, (or to transfer funds), than to use check cashing, money transfer agencies, or small-balance bank accounts. The Paycard is safer – unlike cash, if a Paycard is lost it can be replaced with the funds intact.

The payroll deposit card was designed with employers and employees in mind. Our goal is to reduce the cost of consumers’ financial transactions by converting paper into plastic – moving cash and checks onto cards for less costly ATM and purchase transactions. At the same time, we have made the process more convenient and secure for both employers and employees.

USA Paycard Payroll Cards:

• Dramatically reduce payroll check issuing and processing expenses.
• Eliminate check fraud and insures that employees have quick, safe access to replacement cards.
• Save time and money on reconciliation – works just like a direct deposit.
• Deliver a meaningful, low-cost, easily administered benefit for employees.
• Provide instant-issue PIN-based cards for new hires and immediate replacement, with upgrades available to MasterCard or Visa cards.
• Are continuously being improved with new products and enhancements to increase their value as an employee benefit.

Payroll Cards from USA Paycard

What is a payroll card?
Payroll cards are a new way of managing your money. They are also a new way to transfer money. A prepaid paycard safely stores your money until you are ready to use it. You can then get your money easily at any ATM or use your prepaid credit card to make purchases at thousands of retailers nationwide.

What can I do with payroll cards?
Your payroll card is a prepaid Mastercard with your money on it, so you can use it to get cash or make purchases. You will access your funds by using your card and a Personal Identification Number (PIN). You can:

• Use your prepaid card to get cash at virtually every ATM in the U.S. and around the world.
• Get cash at no additional cost by using the "cash-back" option at thousands of retailers.
• Make purchases wherever Mastercard is accepted.
• Transfer money instantaneously to another paycard anywhere in the world.

How do I get my money on a payroll card?
There are two ways to put money on your card.

1. Payroll direct deposit: Your employer can send your pay to your paycard every payday.
2. Money Transfer: Transfer money in real-time to another paycard anywhere in the world.

How much do payroll cards cost?
There's no charge to get prepaid credit cards from USA Paycard. And there are no monthly or annual fees to pay. Using your debit card to make purchases or to get cash back at the point of sale is FREE. Using the Internet to check balances or statements is FREE. ATM withdrawals are just $1.50 and electronic card-to-card transfers are just $.50 - No matter how much you are transferring.

How do I benefit from payroll cards?
A Paycard Saves You Money

• Eliminate the high check cashing fees charged by agencies.
• Save on high money transfer fees.
• Eliminate monthly checking account fees by switching to a paycard.

A Paycard is Convenient

• No delay on payday. Your funds are available first thing in the morning.
• Card-to-Card transfers instantaneously
• Internet access to transfer funds, check balances or statements.
• 24/7 Call Center for live operator assistance.
• Use the payroll card as a budgeting tool for other family members on an allowance.
• No need to make a special trip to pick up your paycheck and no need to wait in line to cash it.
• If you've been turned down for a bank account, you can still get a prepaid debit card.

A Paycard is Safe

• Eliminate the risk of carrying around cash and losing it.
• If you payroll debit card is lost or stolen, it can easily be replaced and have your funds restored.
• Only you can access your money because the card is PIN protected.
• Your prepaid MasterCard is issued by Elan Financial Services and is FDIC insured.

New Prepaid Payroll Card Features from USA Paycard, Inc.

Payroll Card Facilitates New Prepaid Credit Card Applications for Business Use

Madison, WI (PRWEB) September 27, 2005 - - USA Paycard, Inc. (www.usapaycard.com), a leading provider of payroll disbursement products, today announced several new applications for its “PayCard”, a prepaid credit card that takes the place of the traditional payroll check. USA Paycard, Inc. provides the lowest cost, easy to implement, turnkey payroll card program with end-to-end support in the market today.

“Our clients have continuously looked for new uses for prepaid credit cards to benefit their businesses and we have delivered” said Jason Wacker, President of USA Paycard. “The USA Paycard now facilitates a variety of business needs in addition to its outstanding performance as a payroll card.”

The payroll card traditionally allowed employers to use direct deposit for employees who lack a traditional banking relationship, translating into lower payroll check processing costs – an average of $48 per employee, per year according to a 1999 NACHA study. Now businesses are able to benefit from:

Commission Prepaid Credit Cards – conveniently allows staff to receive commission funding on their PayCards, which gives them instant access to cash at over 1 million ATM domestic and international locations and 30 million domestic and international point-of-sale terminals.

Termination Cards – efficiently distributes termination pay to employees at very little cost. Each terminated employee receives a PayCard which serves as their final paycheck. Employees have immediate access to their funds upon receiving the card from their employer.

Per-Diem Cards – distribute expense payments to employees working off-site in real time. By using a “Funding PayCard”, money can be sent to any other PayCard in real time at a fraction of the cost of a standard wire transfer.

Budget Cards – allows employers to distribute budget funds to key personnel efficiently. Money is allocated to the proper personnel for business use and can be monitored by supervisory staff members anywhere internet access is available.

USA Paycard, Inc. and its partners handle the card set up, customer service and transaction processing. Additionally, USA Paycard assists employers with employee solicitation, sign-ups, and answering any card related questions. There are no employer costs to the program and the cards can be used by employees for free using the “cash-back” option at retail POS locations.

About USA Paycard, Inc.

USA Paycard was founded and is headquartered in Madison, WI servicing businesses nationwide. Our mission is to provide our cardholders with a premium product at an affordable price. Our goal is to put the best payroll card product in the hands of the people who need them. The PayCard itself is issued by Genpass Card Systems, a national diversified, electronic payments processing company. The company is the second largest terminal processor in the U.S. driving more than 28,000 ATMs and is the sixth largest switch processor with 360 million transactions annually. For more information visit our payroll card site.

New Payroll Debit Card from USA Paycard Free For Most Employers

Payroll Card Provides Significant Cost Savings for Employers

Madison, WI (PRWEB) July 27, 2005 - - USA Paycard, Inc., a leading provider of payroll disbursement products, today announced its release of its “PayCard”, a prepaid credit card that takes the place of the traditional payroll check. The PayCard can be used in several ways, including regular pay, expense reimbursement (Per-Diem payments), commission payments, bonus or reward payments, paying employees who work off-site, termination payments, payroll adjustments and other one time payments.

This payroll card allows employers to use direct deposit for employees who lack a traditional banking relationship. This translates into lower payroll check processing costs – an average of $48 per employee, per year according to a 1999 NACHA study.

Each participating employee receives a prepaid payroll credit card serving as their paycheck, good at over 1 million ATMs and merchant locations nationwide and everywhere MasterCard is accepted. Employees are no longer hassled by excessive check cashing costs, trying to find a check cashing location, wasting time waiting in line or losing their payroll check – and there’s no qualifying, so every employee gets a card.

“Using the PayCard is the next logical step for companies seeking to reduce the time spent and the associated costs of payroll processing” said Jason Wacker, President of USA Paycard. “Plus, the card improves the financial lives of their employees. It’s a win-win situation for everyone.”

USA Paycard, Inc. and its partners handle the card set up, customer service and transaction processing. Additionally, USA Paycard assists employers with employee solicitation, sign-ups, and answering any card related questions. There are no employer costs to the program and the cards can be used by employees for free using the “cash-back” option at retail POS locations.

About USA Paycard, Inc.

USA Paycard was founded and is headquartered in Madison, WI servicing businesses nationwide. Our mission is to provide our cardholders with a premium product at an affordable price. Our goal is to put the best payroll card product in the hands of the people who need them. The PayCard itself is issued by Genpass Card Systems, a national diversified, electronic payments processing company. The company is the second largest terminal processor in the U.S. driving more than 28,000 ATMs and is the sixth largest switch processor with 360 million transactions annually. For more information visit our payroll card site.

Payroll Debit Card from USA Paycard Eliminates Payroll Checks

Employers and Employees Save Time, Save Money, and Improve Security

Madison, WI (PRWEB) March 3, 2005 - - USA Paycard, Inc., a leading provider of payroll disbursement products, today announced its release of the USA Paycard, a prepaid debit card that takes the place of the traditional payroll check. Employers and their employees will appreciate the many benefits a USA Paycard can provide.

The USA Paycard allows employers to use direct deposit for employees who lack a traditional banking relationship. This translates into lower payroll check processing costs – an average of $48 per employee, per year according to a 1999 NACHA study.

Each participating employee receives a prepaid payroll debit card (USA Paycard) serving as their paycheck, good at over 1 million ATMs and merchant locations nationwide. Employees are no longer hassled by excessive check cashing costs, trying to find a check cashing location, wasting time waiting in line or losing their payroll check – and there’s no qualifying, so every employee gets a card.

“Using the USA Paycard is the next logical step for companies seeking to reduce the time spent and the associated costs of payroll processing” said Jason Wacker, President of USA Paycard. “Plus, the card improves the financial lives of their employees. It’s a win-win situation for everyone.”

USA Paycard, Inc. handles the card set up, customer service and transaction processing. Additionally, USA Paycard assists employers with employee solicitation, sign-ups, and answering any card related questions. There are no employer costs to the program.

About USA Paycard, Inc.

USA Paycard was founded and continues to be headquartered in Madison, WI servicing businesses nationwide. Our mission is to provide our cardholders with a premium product at an affordable price. Our goal is to put the best USA Paycard product in the hands of the people who need them. The USA Paycard itself is issued by KeyBank one of the leading financial institutions in the United States. For more information visit our payroll card site.

Prepaid Debit Cards - Prepaid Mastercard Debit Card

Prepaid debit cards from USA Paycard with free enrollment and no monthly or annual fees. Visit us at www.usapaycard.com.

Great Payroll Card Resources

visit USA Paycard, Inc.