| It means many of your employees do not have either | | | | - Safety - No need to carry large quantities of cash. |
| a checking or savings account with a financial institution | | | | - Acceptance - The card is welcome everywhere |
| (Unbanked) or they have one but prefer to use | | | | Visa debit is accepted. |
| alternative financial services (Underbanked). These | | | | - Protection - Visa's Zero Liability Policy protects |
| employees prefer to use non-bank money orders, | | | | cardholders against unauthorized purchases. |
| non-bank check-cashing services, payday loans, | | | | - Pay Anyone - Access to an online bill pay service |
| rent-to-own agreements, pawn shops and refund | | | | enables cardholders to pay bills to anyone. |
| anticipation loans. These alternative financial services | | | | How does this help you? |
| are much more expensive than traditional services and | | | | - Cost Savings - Reduces payroll expenses. The |
| are costing your employees an exorbitant percentage | | | | electronic delivery of payroll is Free to you the |
| of their hard earned money. | | | | employer and eliminates the expense of issuing, |
| What can you do to help them keep more of their | | | | delivering and reconciling paper checks. |
| money? Offer them the option of using a Prepaid | | | | - Optimize Payment Process - Avoids production, |
| Payroll Card. The card is a reloadable Visa® card | | | | handling and distribution of checks; eliminates the time |
| that is offered as a way to electronically distribute their | | | | constraints and fees associated with lost and stolen |
| pay. These cards can be used anywhere Visa debit | | | | checks. Use your existing payroll system to set up |
| cards are accepted, making them as good as | | | | direct deposit to the card account instead of to a |
| cash-and better than checks. | | | | checking account. |
| How does this help your employee? | | | | - Security - Provides safe and efficient electronic |
| - Cost Savings - Eliminates costly check cashing fees. | | | | delivery of funds. |
| No activation or monthly fees. | | | | - Environmental - Enables your company to engage in |
| - Faster Access to their Pay - Electronically loaded | | | | "Green" initiatives |
| immediately to their card. Eliminates possible costly mail | | | | I can't think of a single reason why a company would |
| delays. | | | | not have this available to their employees. |