ITS Payroll
The ITS Payroll Card is a reloadable, prepaid debit card that provides significant cost savings for employers and employees alike. Because the card is loaded through standard ACH Direct Deposit, it can be utilized for regular pay, reimbursing expenses, bonus and reward payments, paying remote employees, termination payments, payroll adjustments, or other one-time payments. The ITS Payroll Card can also be loaded through Green Dot and from another payroll card. There is no special software or programming required of you to start your ITS Payroll Card program, and ITS does not charge employers a setup fee.
Conservative estimates suggest that employers spend nearly 87 cents per check, and employee lost time due to check cashing costs employers another $2.06. American Payroll Association
The ITS Payroll Card is available in Visa® MasterCard® and Discover®-branded cards, and provides unbanked employees immediate access to their pay. Cardholders can use the card at an ATM, pay for purchases at the point-of-sale or pay many of their bills—all with cardholder liability protections. The cards can also be used to make phone calls and send money to most Latin American countries. (See cardholder agreement for complete terms and conditions). The cards can be used anywhere Visa, MasterCard and Discover debit cards are accepted.
If a check is lost or stolen it could cost your company $8 to $10 to replace it. American Payroll Association
*MasterCard is a registered trademark of MasterCard International Incorporated