At first glance, the payroll card
company Cranmore Mountain uses may not meet the new standard, said Wilcox, so he would have to find another company that will.
FlexWage Solutions offers medium and large company payroll card
services as well as its proprietary WageBank employee managed debit card tools to access earned wages in advance of payday.
The B-Dinar Debit MasterCard Payroll card
combines all the uses of a standard ATM card, like access to cash and banking transactions, with the added convenience of shopping at local merchant locations within Kuwait.
What's especially attractive about this program is that the card can be both a general-purpose reloadable card and a payroll card
at the same time.
Employee salaries can be loaded onto the payroll card
by companies that enroll for the Smart Pay service," he said at an event to announce the new card.
With the new Smart Pay Payroll Card
, employees no longer have to wait in long queues to collect their salaries.
TransCard and Fidelity Bank introduce prepaid Payroll Card
Program to local businesses in Northeastern Pennsylvania (Photo: Business Wire)
We wrote this new guide to help wage-earners understand how the cards work, how to avoid fees, what their rights are, and, ultimately, to help them determine if a payroll card
is their best option.
Employees must also have the right to cancel their participation in a payroll card
program at any time, without penalty or delay in payment of wages.
We decided to launch the Payroll Card
as our first innovative program.
Employees who utilize payroll cards
and opt for direct deposit, for example, can save time and money.
APA's partnership with Visa creates a true go-to resource for businesses to learn about payroll card
programs and best practices," said APA Executive Director, Dan Maddux.