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Got my free @cashapp #paycard in the mail today where they etch a design into the card for free too 😱 I didn't want anything fancy so I just used my first name and a crown because I'm a prince 💅🏻 #cashapp #blackcard #creditcard #laseretched https://www.instagram.com/p/BpQwj98BOEt/?utm_source=ig_tumblr_share&igshid=173gy5sxdj8yy
SADEN 2019 : A la découverte Fatou Diarra, Directrice Générale de PAYCARD
SADEN 2019 : A la découverte Fatou Diarra, Directrice Générale de PAYCARD
A la découverte de Fatou Diarra, Directrice Générale de PAYCARD, l’entreprise qui transforme notre mode de paiement!
— Le Salon des Entrepreneurs de Guinée, c’est du 13 au 14 Mars 2019 à Conakry. http://www.salondesentrepreneursdeguinee.com
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SADEN 2019 : A la découverte Fatou Diarra, Directrice Générale de PAYCARD
SADEN 2019 : A la découverte Fatou Diarra, Directrice Générale de PAYCARD
A la découverte de Fatou Diarra, Directrice Générale de PAYCARD, l’entreprise qui transforme notre mode de paiement!
— Le Salon des Entrepreneurs de Guinée, c’est du 13 au 14 Mars 2019 à Conakry. http://www.salondesentrepreneursdeguinee.com
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Get a Paycard Program For Your Business
Below are some best practices that can guide you toward success when implementing a paycard program for your employees. · Create and communicate a measurement plan that lets managers know how paycards will be tracked and how success will be measured. Similarly, set benchmarks and metrics for your entire company, so you will know what success looks like and what it will take to get there. · Understand the resources you have available and what their capabilities are. The best laid plan will mean nothing if you don't have the staff or funds to roll it out. Tailor your implementation to fit the resources you have. · Develop an internal communications campaign that brings the conversation to your employees. Where and how do they communicate? What method will have the most impact? Consider meetings, online trainings, bulletin boards, contests, newsletters, check stuffers, and email campaigns. Ensure that messaging is consistent and that each employee understands the benefits and expectations associated with switching to the paycard payroll program. · Incorporate paycard materials into new hire packets and trainings, and make sure that both your HR and finance departments fully understand the product and are prepared to answer employee questions. · Phase your paycard rollout by region or district, depending on how your company is organized. This will allow you to learn and make necessary adjustments as you go, and it also allows you to focus your efforts on one group at a time. · Solidify an executive sponsor and your organization's commitment to this program before moving forward. This is the most important step as it will mean rock-solid presentations to upper management, clear ROI and value proposition, and a strong, feasible plan.
Use Paycards to Pay Employees if a Natural Disaster Strikes
Using paycards to disburse employee payroll has a host of benefits, including lowered expenses due to the elimination of paper checks, increased convenience for cardholders, and reduced opportunity for lost checks and check fraud. Although not as publicized, paycards also have a tremendous benefit over other types of payroll disbursement when it comes to paying employees during natural disasters.
A payroll card is a prepaid card onto which payroll administrators can load funds for banked and unbanked employees. Paycards are distributed upon employment, then automatically or manually loaded each pay period. Upon employment, employees keep their paycards in their possession and can access their funds via ATM or at retail locations. Paycards can be loaded from any location, so when natural disaster strikes, you can pay your employees instantly when they need it most.
There are numerous examples of companies who have paid employees during hurricanes and floods, when other companies could not. Employees keep their paycards in their possession, so when mail service has halted to a particular area, employees on the paycard program still have access to their funds. Since paycards are accepted at most ATMs, employees are able to withdraw cash, even when banks are closed. They can also request cash back at most retail locations that accept debit cards. At times when your employees need emergency funds more than ever, your company can rely on paycards.
Reasons Paperless Payroll is Good For Our Economy
The first benefit is that going paperless will save your company money. This is because fees associated with delivering payroll such as cutting checks, stuffing envelopes, and delivering the physical payroll is eliminated. Keep in mind, though, that some third party sources for paperless payroll may charge you a fee to provide your employees with access to the secure website with their passwords.
Of course, there is the fact that the paycard and direct deposits helps the environment as well. When you help the environment by using less paper, you automatically help the economy to depend less on this natural resource. The amount of paper that goes into a traditional payroll situation is quite disturbing over time, especially when you realize that paperless solutions are readily available. By reducing your company’s consumption of trees, you decrease the amount of waste that gets added to landfills and help there to be less of a strain on the recycling industry thanks to your personal efforts.
Finally, employees will generally be eager to sign up for a direct deposit situation because it helps them save more effectively. If some employees are struggling with debt, they will be less tempted to go right out and spend their paycheck because it is placed directly in their account. This will help people pay off debt more quickly and help the economy gain momentum as consumer debt is steady decreased.
How to Pay Employees Who Do Not Have Checking Accounts
In some industries, such as retail or hospitality, it is not a safe assumption that a business' employees have checking accounts. Very often they do not, and paying these workers in the form of a traditional paycheck can be burdensome. Fortunately, today it is quite easy to set up a system whereby your employees can be paid even if they do not have checking accounts.
The solution is to use a payroll card (or "pay card"), which is essentially a debit card that is loaded with an employee's compensation. In other words, rather than receiving a paper check for compensation, they will simply have money added to their cards. Although payroll cards are very similar to bank debit cards, there are a few key differences.
To begin, there is no individual bank account associated with each employee's payroll card. Rather, there is one financial account owned by the employer, and each employee's card pulls funds from that single account. Some cards are issued by banks, but there are other companies that issue them that are not technically banks. Either type is fine, as long as the entity issuing the payroll cards is financially stable.
Like debit cards, these cards can be used to get cash from an ATM. However, bank ATM fees will apply unless the card is being used at an ATM that is a member of a network to which the card-issuing company is a member. There can also be any number of other fees associated with using a pay card, such as a loading fee for adding funds. Both the employer and employees should be well-informed of all possible fees for using the payroll cards.
Pay cards continue to be a growing trend. Recently, Wal-Mart, the largest private employer in the U.S., announced that it was shifting to a paperless payroll system which will involve the use of payroll cards. It is expected that about half of Wal-Mart's employees will continue to use direct deposit, while the other half will switch to cards. No more paper payroll checks will be issued. In addition to lowering the cost of paying its employees, Wal-Mart expects to save more than 250,000 pounds of paper annually. So yes, there is even an environmental benefit.
According to analysts at Mercator Advisory Group, $17.22 billion in payments were made via payroll cards in 2008, up 26% from the previous year. With that kind of growth, and endorsement from the largest private American employer, it is clear that payroll cards are the wave of the future for paying employees.
Comdata offers a simple, cost-effective paycard solution for distributing funds to both banked and unbanked employees. Comdata payroll cards are also ideal for temporary employees, seasonal workers or a geographically dispersed workforce.
http://fuelcard.wordpress.com/2010/04/27/how-to-pay-employees-who-do-not-have-checking-accounts/