Give your business accounts and their employees
something they want — today.
Enhance your relationships with existing business accounts, give yourself a competitive advantage in marketing to new accounts — and earn new fee income — with Harland Clarke's Payroll Cards. Harland Clarke has partnered with a leading prepaid technology company to give you a complete turnkey payroll card program that includes:- Marketing support
- Training
- 24/7 phone and online support
- The technology to easily load additional value onto cards
What are Payroll (a.k.a. “Payment”) Cards?
Payroll cards allow your business accounts to deposit an employee’s payroll directly to a Visa card, saving them the time and money of issuing paper checks to un-banked employees.Payroll Card Facts
- 25 million Americans are un-banked. (Celent Communications)
- At least 25% of these un-banked households will use payroll cards within the next 12 months. (Celent Communications)
- Employers spend between $3-$18 per paper check issued. (American Payroll Association)
- Un-banked employees spend 2%-16% of their net pay on check cashing fees. (American Payroll Association)
Benefits to Your Business Accounts
- Reduces the costs and administrative burden associated with paper checks
- Helps achieve 100% direct deposit
- Easy setup for employee accounts
- No new infrastructure needed, uses current ACH direct deposit system
- No need to change payroll provider
- Twice daily ACH payroll posting
- Can be used for reimbursement, bonus and immediate pay
Benefits to Their Employees
- Provides immediate payroll access
- Eliminates check cashing and wire transfer fees
- Second card can be issued for an additional user
- Can purchase goods and services where ever Visa debit cards are accepted worldwide 24/7 phone and online support in English and Spanish
- Prestige of carrying a Visa debit card
