A sample Privilege Card
1,832 participating businesses.
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Payday
- the easy way...
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The
Payroll market has essentially been unchanged
since the paradigm shift in the late 1970's, fueled
by the nearly concurrent application of direct deposit
of payroll through the ACH (Automated Clearing House)
and the widespread deployment of ATMs. While this
was indeed a dramatic and positive shift, thirty years
later only 60 percent of U.S. consumers are in a position
to take advantage of direct deposit of payroll.
The
Privilege Card's PayCard represents another quantum
leap forward in pay delivery by providing increased
value and productivity to Employers, while lowering
costs and adding convenience and security for consumers.
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Our
Privilege Card's PayCard feature has been specifically
designed to meet the needs of all potential constituents
- Employers and Employees alike.
PayCard
Product Highlights
Because
we believe that an Employees' pay is their life,
a superior product design has been combined with a superior,
state-of-the-art processing platform to ensure that ourPayCard
customers will have access to their money and information
when, where, and how they wish to have it.
The
PayCard vision includes:
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The
elimination of the need to mail pay stubs in favor
of accessing pay stub information via the Internet
or the ATM |
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A
"distribution" component that allows Employees
to pay bills and make other transfers of funds |
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A
PayCard to obtain cash from ATMs or make purchases
at the point of sale |
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Allowing
split pay deposits so that Employees with a bank account
can use the PayCard as an easy, convenient and inexpensive
means to give money to another family member for such
things as allowance, college expenses and more |
Employer's Benefits:
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Fund
all Employer Disbursements |
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Payroll
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Commissions
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Travel
Expenses |
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Reduce
or eliminate paycheck costs |
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Production
and distribution costs |
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Reconciliation
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Easy
Error Correction |
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Lost
or Stolen Check Replacement |
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Stop
Payments |
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Fraud
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Escheatment
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Ease
administrative burden |
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Same
process as Direct Deposit |
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Funds
are available to Employees at beginning of payday
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Ease
of handling special situations (Pay errors, "last
day pay") |
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Eliminate
Pay Stubs |
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Applicable
to all Employers-- retail, grocery, restautrant, hospitality,
construction, entertainment, etc. |
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Distribution
costs |
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Distribution
management |
Employee's Benefits:
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Save
money |
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Eliminate
Check Cashing or bank fees |
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Dramatically
reduce Money Transfer costs |
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Provide
safety |
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Secure
PIN access |
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Replace
funds if lost or stolen |
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Add
convenience |
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Funds
available first thing on payday |
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Access
to cash at over 350,000 ATMs and thousands of convenient
Cash-Back POS locations |
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Card-to-Card
Transfers for easy money management |
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Bilingual
Customer Service with additional access to over 100
languages |
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Eliminates
trips to check cashing agencies, money transfer offices
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Easy,
secure access via Internet |
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Electronic
record of all transactions |
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Pay
Bills electronically |
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Electronic
Pay Stub access |
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High
Quality Service |
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Toll
Free, 24 Hour, 365 Day/Year Voice Response Telephone
Access |
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Toll
Free, 24 Hour, 365 Day/Year Live Operator Telephone
Access through PayCard Services |
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PayCardConnect.com
for secure, convenient Internet Access |
The
PayCard product has been designed to both easily integrate
into every Employer's HR and Payroll procedures as well
as deliver a high-quality consumer product:
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Simple,
one-step Employee Enrollment process |
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Multiple
Funding Options |
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Full-Service
Employee Functionality |
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"World
Class" Transaction Processing |
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Comprehensive
Service and Support |
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