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The efficient alternative to payroll checks.
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The MasterCard Payroll Card is an innovative way to distribute wages to your employees and a smart alternative to issuing payroll checks.
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Features and Benefits
Reduce High Costs:
- Streamline costly and time-consuming payroll administration by
replacing paper-based distribution with a card-based system.
- Reduce the costs of reconciliation against your payroll
disbursement account.
- Reduce the costs of paper production of checks and replacement of
lost or stolen checks.
- Reduce the costs of special disbursements, such as final
paychecks.
Gain Operational Efficiencies:
- Simplify
payroll distribution for all categories of employees including
un-banked, contract, temporary, youth, part-time and remotely-located
workers.
- Increase employee productivity by eliminating time-consuming
off-site trips to cash paychecks.
- Use
your existing payroll processor and systems to manage payroll account
processing, including payment disbursement instructions to your banking
institution, tax calculations and reporting. (Direct deposits continue
to be handled as they are currently.)
- Receive management reports via paper or the Internet.
Enhance Employee Convenience, Security and Control:
- Immediate employee access to payroll funds on payday, with no
need to have a checking account or any banking relationship.
- Purchasing capability up to the balance available in the account
at millions of MasterCard merchant locations worldwide.
- MasterCard's Zero Liability policy ensures lost or stolen payroll
card replacement, with full remaining stored value.
- Employees can access cash at over 900,000 ATMs and bank branches
as well as at select POS terminals.
- Online and paper statements help employees track their spending
and manage their finances.
- Round the clock customer service support.
Customize Your Payroll Card Program:
- Choose a debit, credit or prepaid platform based on your
requirements.
- Build on payroll card standard features by incorporating
additional payroll card benefits including:
- Convenience checks.
- Discounts at selected merchants.
- Electronic bill payment.
- Duplicate cards.
- Employee loads of additional personal funds.
- Prepaid phone program.
- Additional benefits, such as Purchase Protection or Travel
Assistance.
- Rewards (Availability and fees to be determined by the
issuing bank).
Implement Your MasterCard Payroll Card Program With Ease:
- MasterCard
supports program implementation with promotional and instructional
materials, in English and Spanish, that help you notify, enroll and
educate employees.
- MasterCard supplies product design specifications to help you
customize your solution.
- Your
issuer continues to partner with you to manage your payroll card
program by enrolling employees, generating PIN's, distributing cards,
and providing ongoing customer support.
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