Here’s the current legal requirements for pay cards and how rapid! PayCard complies: Cash Access Legal Requirement – State Statute of Rhode Island: Employees must be able to make at least one withdrawal from the pay card account each pay period without charge for up to the full amount of the employee’s net wages for the pay period. Except that, employees paid more frequently than weekly must be able to make at least one withdrawal each week without charge for up to the full amount of net wages for that week. R.I. Gen. Law § 281410.1 (f). rapid! PayCard Program: The rapid! PayCard provides numerous ways for employees to access… Read More
How To Expect Unexpected Expenses
Money. For many of us, it seems like there’s never enough. Perhaps because some of us squander it. Perhaps it’s a case of living beyond one’s means. Maybe it is a reckless disregard for money’s value. Sometimes a hit to your wallet is simply Murphy’s Law: you get your tax refund and then find out your car needs brakes. Even if saving money is ingrained in your DNA, having to tap into your account is particularly jarring when the expense is unanticipated. You may have the best budgeting strategy around, but who can expect the unexpected? You can. Think Like a Business There’s no need to take the joy out… Read More
Ohio Pay Cards and Compliance
This month, we are highlighting the State of Ohio for a look at the payroll card requirement categories to compare the legal requirements with the detail about how rapid! PayCard® complies. Here’s a look at the current payroll requirements in Ohio; a state in which paperless pay is permitted: Cash Access Legal Requirements The Ohio statutes do not expressly address pay cards. rapid! PayCard Program The rapid! PayCard MasterCard® provides numerous ways for employees to access their full net pay each pay period, including: Over the counter cash withdrawal at banks displaying the logo of the applicable payment brand (Visa or MasterCard) Electronic transfer to a bank account US Post… Read More
What National Payroll Week Means To Us
For almost 15 years, the professionals at rapid! PayCard® have endeavored to provide employers with innovative, responsive payroll card programs that effectively support their companies and enable them to remain compliant. At the same time, we recognize that this is a contribution to the long-standing tradition of industrious Americans who pursue dreams — of all shapes and sizes. Facilitating the compensation they so richly deserve gives our team a tremendous sense of pride; we make certain we never lose sight of the magnitude of this responsibility. For this National Payroll Week 2016, celebrated from September 5-9, the American Payroll Association describes the annual event: National Payroll Week celebrates the hard… Read More
Things You Should Know About Money
There are multiple benefits to being a member of a professional organization; irrespective of industry. By taking part and making a contribution of your time and experience, there exists the opportunity to meet potential clients and form partnerships; as well as receiving the true benefits of remaining connected. Our industry mandates strict adherence to rules that differ from state to state – compliance is mandatory. We take these responsibilities seriously. We are members of the American Payroll Association. Their mission statement: The American Payroll Association pursues the following objectives: To increase the Payroll Professional’s skill level through education and mutual support. To obtain recognition for payroll work as practiced in… Read More
An Interview with Chris Ruppel
Originally posted on Pymnts.com The paycard has had a tough go of it lately, as measured by back and forth in the financial trade press and by the increased glare of regulators looking at where, when and how the cards can be used. The movement to bring unbanked and underbanked workers away from the limitations of cash and into electronic transactions is one that has been given lots of ink, virtual and otherwise. In one recent announcement that shed some additional light on electronic payroll and financial inclusion, Avionté Staffing Software said it has a new tech partnership in place with rapid! PayCard, tied to Avionté version 16.1. That partnership… Read More
Vermont State PayCard and Compliance
At rapid! PayCard we provide our customers with a consistently updated, interactive map which serves to deliver current, state-by-state updates on legal requirements and how rapid! PayCard complies. For example, here’s a look at some of the legal requirements in Vermont and how we conform: Cash Access Legal Requirement – State Statute of Vermont: The employee must be provided at least three withdrawals each pay period from the pay card account, without cost. One withdrawal must permit access to the full amount of the account balance at a federally insured depository institution or other location convenient to the place of employment. 21 Vt. Stat. § 342(c)(2)(D). rapid! PayCard Program: The… Read More
How NOT to Spend It All
Unless you are planning on adding an extension on to your home, the square footage is the square footage. The interior offers a fixed amount of space for which there is only so much room for people, possessions, and furniture. So it goes with your finances. The quantity is finite. If you do not extend beyond the boundaries of your holdings, you will have a path to financial freedom – or at least the comfort of living within your means. Business Insider offers a caveat against “spending everything you earn”. While you can go off the rails at any age, it is the fresh college graduate who typically endures years… Read More
Avionté Introduces rapid! PayCard as Newest Technology Partner
Avionté increases its paperless payroll options with rapid! PayCard partnership. Eagan, MN, July 29, 2016 –(PR.com)– Avionté, a staffing software solutions provider based in Eagan, Minn., has announced a new technology partnership with the payroll solutions provider, rapid! PayCard, released in Avionté version 16.1. As Avionté’s newest paycard solution partnership, rapid! PayCard offers a new solution to Avionté’s nearly 400 staffing clients to paying employees. The seamless integration allows users to register and instantly fund rapid! PayCard, directly from within Avionté, according to rapid! PayCard General Manager Chris Ruppel, and promises a simple, smart and secure solution. “This full integration helps rapid! PayCard clients perform a new card registration while adding a new payment type to… Read More
You Buy Cheap, You Buy Twice
Most of us like to “get a good deal” from our purchases. Whether real estate or fresh produce, you want to pay the price you believe best represents quality and is commensurate with your budget. If buying a new appliance, you will research energy ratings and wait until the Labor Day sales ads begin broadcasting. Keeping an eye out for price reductions on certain items is what smart consumers do. But “cheap” can come back to bite you. In that case, inexpensive can translate to poor quality that will just not give you the value you sought. You may actually wind up turning around and having to “re-purchase” an item… Read More