Add a new payroll processing alternative. Reduce check handling costs. Avoid lost or stolen checks.
InterceptEFT offers prepaid payroll cards, an efficient option for employers and a convenient payment alternative for employees to complete purchases, ATM withdrawals and electronic transfers. Each payday, the employer adds new funds to the payroll card.
You - and your clients - reduce check handling costs, avoid lost or stolen checks and create an easy extension to your existing payroll processing operations.
Employees gain immediate access to funds and avoid a trip to the bank on payday. Payroll cards are ideal for savings, every-day expenses or special purchases.
How payroll cards work:
- Each payday, the employer adds new funds to a reloadable, prepaid card displaying its company name and logo.
- Employer allocates all or a portion of employee´s earnings.
- Employees make purchases, use ATMs and transfer funds.
- Purchases and withdrawals are debited from the balance.
Convenient: Offer payroll cards to unbanked employees, people without access to Visa purchasing power, part-time or seasonal staff, employees in remote locations and student employees.
Profitable: Generate revenue through additional transaction charges.
Flexible: Enable employees to use payroll cards for everyday purchases - whether online or in person.
Productive: Reduce time spent distributing checks, and save employees a visit to the bank.
Safe: Feel secure that your funds are FDIC insured, protected by Visa and safer than carrying cash.
InterceptEFT will streamline your payroll processing so you can accomplishmore and stressless.