PayCard Features

Benefits to Employers

• •  Expand Direct Pay options for all employees
      – including part time and temporary employees.
• •  Improve employee satisfaction and retention
• •  Increase loyalty with Employer “branded”
      PayCards

Benefits to Employees

• •  Saves employees money over expensive,
      fee-driven Check Cashing services.
• •  Convenient – use PayCard at any location
     where a Visa/MC are used for purchases
     and to pay bills – both in stores and
     online locations.
• •  Employees are likely comfortable with how
      PayCards work due to usage of Phone Cards,
      Gift Cards, etc.

Features

• •  Easy to use
• •  No credit check
• •  Online and phone access to balances
      and transactions
• •  Visa/ MC branded for use anywhere these cards
      are accepted
• •  24/7 quality employee support lines
• •  No fee access to payroll funds
• •  ATM access for cash
      (applicable ATM fees apply)

Save Money and Enjoy the Benefits

PayCard Overview

Businesses have been very successful in adopting Direct Deposit as a Payroll option with up to 70% of employees choosing this paper paycheck alternative. In fact, there are many employers that are making direct deposit mandatory for all employees. However, in these cases, what happens to the ‘under’ or ‘unbanked’ employees that do not have access to a checking or savings account? Studies show that these ‘under-banked’ populations are made up of younger, lower income, minority and immigrant workers who typically rely on Check Cashing services to change their paychecks into cash. These operations typically charge fees from 1-6% of the check amount which really cuts into an already limited paycheck. Paycards offer a much cheaper pay solution for employees than the check cashing services – delivering greater value for employees.

Introducing PayCards

Looking for better ways to drive additional benefits for employees? PayCards were adopted as an alternative to Paychecks and Direct Deposit. Payroll funds are loaded on a Visa/MasterCard branded PayCard which can be used at any locations where these cards are accepted, either in stores or online. Employees can also take their PayCard to a bank or cash machine to get access to all their payroll funds.

inSync´s PayCard Program

At inSync, we certainly see the benefit of adding a PayCard solution to our comprehensive Payroll Program and were very selective when choosing Elan Financial Services as our PayCard Partner. We wanted a program that was employee friendly, provided free access to payroll funds, and quality online and phone customer service.

The PayCard solution that´s "inSync" with your Business.

Contact us TODAY for your personalized PayCard presentation.

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