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.