Payroll Card

The payroll card is a type of prepaid card that streamlines the payment process for purchases or cash withdrawals.  Wages are deposited to the payroll card account via direct deposit and the employee uses the card to withdraw cash from an ATM or purchase goods and services. PROCEED solutions is designed to help companies better manage a variety of employee payment programs.

Functionality

• Flexible fee and interest rule/rate definitions
• Automatic employee salary distribution to the card
• Employees' salary are loaded to the card at the specified salary period  
• Authorization management
• Parameter management
• Duplicate cards for family members

Benefits

• Reduces the costs of reconciliation against firms payroll disbursement accounts
• Firm based customized solutions
• Safe and easy-to-use solutions
• Simplifies payroll distributions for unbanked, contract, temporary, and remotely located employees.