Wednesday, November 07, 2007

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.

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