Program Description
Payroll/Commission cards are a cost effective alternative to printing, cutting, and mailing paper payroll/commission checks. The payroll/commission card is reloaded with the value of the employee's wages/commission, allowing the cardholder to use the card at ATM or POS terminals.

Target Market
Existing financial services providers that have commercial customer accounts, and commercial customers who issue payroll/commission checks or ACH for payroll/commission can offer payroll/commission cards. Financial institutions can target commercial customers who have employees who are "unbanked" and cannot accept ACH, cash their checks, or deposit their payroll/commission checks. These employees can use the card to make purchases rather than request money orders, cashier's checks, or carry a large amount of cash. The cardholder can also make ATM withdrawals to get cash.

Features

Reloadable via batch file or ACH

Branded with Visa® or MasterCard® logo

ATM and POS terminal access

Optional expiration date

Card personalized for account holder

Cards sent direct mail or bulk shipped

Custom card design available

Activity and balance information available via Internet or VRU

Consumer Benefits

No need to cash or deposit payroll/commission checks

Funds are available on payday

Convenient

Ability to make purchases using card rather than cash, money orders, or cashier's checks

Safer than carrying cash

Card information available on the Internet

Issuer Benefits

Lower costs

Increase revenue opportunity

Less non-customer lobby traffic for check cashing

Additional product offering for commercial customers

Strengthen commercial customer/employee relationships

Turnkey program setup and management