Prepaid Payroll Cards
There are over 30 million "un-/ under-banked" employees in the US.
US companies are spending $750 million a year printing checks for employees who don't have a bank account.
Cash Benefits Prepaid Payroll Card: helping employers (and employees) save money and time, and gain control.
For your company
Low Cost
- Eliminates
- Purchasing, storing and signing payroll checks
- Issuing and delivering payroll checks
- Replacing lost or stolen checks
- Reconcilling the payroll disbursement account
- No statement fees
- Continue to receive interest on payroll funds
Security & Efficiency
- Reduce employer payroll indentiy theft
- Mitigates risk and minimizes fraud
- Pay as frequently as you like, even daily
- Real-time management and downloadable web reporting
Private Labeled Cards
- Customer designed cards and other value-added program features
For your employees
Not a credit card
- No credit checks
- No bank account required
- Cannot overdraw account
Less expensive than
- Check cashing facilities
- Fees on low-balance bank accounts
Security and convenience
- Eliminates risk of having paychecks stolen
- Receive pay at ATMs worldwide
- Pay bills
These programs are easy, convenient and inexpensive to administer with CBI technology. |