04/29/2011
Is your direct deposit or paycard campaign a little long in the tooth? Now may be the best time to update it to encompass new communications media, such as smartphone apps. Leverage the technology for smartphone banking apps to sell direct deposit or payments via payroll debit paycards. You can go one step further and pair electronic pay with paperless deposit statements.
04/28/2011
Most states prohibit employers from mandating that employees receive their pay electronically—whether through direct deposit or pay cards. Many states also forbid employers and banks from charging a fee if employees decide cash out all their pay with one transaction. Here’s a brief summary of state laws affecting direct deposit and pay cards.