Hard-working employees deserve a break every once in a while, but vacations always seem to leave the people still in the office in a bit of a crunch. That is where rapid! PayCard comes in. With rapid! PayCard your payroll department has the ability to auto schedule payroll while they are away on vacation. This saves your company from facing the expenses of hiring and training temporary staff while your payroll personnel is out of the office. Gone are the days of traditional payroll where checks were processed, printed and hand delivered by payroll. With the convenience of ePayroll and rapid! PayCard companies and payroll departments have many benefits including:… Read More
33rd Annual Congress: Recap
“What happens in Vegas doesn’t always stay in Vegas!” The highlight of May was the American Payroll Association’s (APA) 33rd Annual Congress at the MGM Grand in Las Vegas, Nevada. This significant gathering of rapid! PayCard’s® payroll clients and prospects allows our management and sales team to interact during a week that is filled with fun, engagement, learning and inspiration! Each year the APA puts together an amazing event with its own theme. This year’s theme was The Payroll Games. This knock off of The Hunger Games saw one tribute from each of the APA’s nine regions compete for the title of payroll champion! The week is a faux competition… Read More
New Law Brings Payroll Cards to Georgia
On May 5, 2015, Governor Nathan Deal signed Senate Bill 88 (SB 88) into law making Georgia the twenty-third state to expressly address the use of payroll cards in its wage payment statutes. The bill, which amends section 34-7-2 of the Office Code of Georgia Annotated, became effective upon signing. The new law allows employers to pay wages and salary by credit to a payroll card account so long as employees are provided with a written explanation of any fees associated with the account. This explanation must be provided at least thirty days before the employer first implements a payroll card program. Once the program is implemented, the written explanation… Read More
Update on State Payroll Card Legislation
In 2015, ten states have considered legislation addressing payroll cards. Several bills would make it easier for employers to implement electronic wage payment, others would impose restrictions on the use of payroll cards. To date, the bills more favorable to payroll cards have passed. FL and GA: Legislation in Florida and Georgia has been approved by both houses and awaits signature by their respective governors. The Florida bill applies only to labor pools, and would allow labor pools to pay day laborers using payroll cards if certain conditions are met. The Georgia bill applies to all employers and would statutorily authorize the use of payroll cards. Employers will be able… Read More
Are Prepaid Cards Becoming More Mainstream?
With millions of Americans falling into the category of being “unbanked” or “underbanked,” meaning they either have no bank account, or if they do, they still rely on alternative financial providers to meet some of their needs, it’s no surprise that nearly 10 million households used prepaid cards from 2012 to 2013. That number is continuing to increase and data is showing that the demographics are shifting as well. From millennials to their parents, more people are starting to use prepaid cards for a variety of reasons. Prepaid cards have long had the reputation of being a financial tool for the economically less fortunate, or disadvantaged, but times have changed… Read More
The Next Generation of Paycards and What You Need to Know
In January of this year, the Center for Financial Services Innovation released its Compass Guide to Payroll Cards which defines industry-wide best practices for the design and delivery of high-quality payroll cards and promotes choice, safety, affordability, transparency and convenience. In this post, we’ll outline the three levels that compose the structure of the guide; core practices, stretch practices and next generation practices. Level 1: Core Practices Choice “There is no one-size-fits-all approach to a high-quality payroll card and there is inherent value to choice, diversity and innovation in the marketplace.” Employees are offered a choice about how they would like to receive their wages. Employees are provided clear information… Read More
Go Green for Earth Day with EPayroll
Earth day is right around the corner, and if you’re looking for ways your company can get in on the green movement, look no further than EPayroll! Improving your company’s direct deposit participation is a simple, safe and smart way to have a positive impact on the environment. If the 22 million American’s who still don’t have direct deposit for their pay, used direct deposit, annually, we would save 8.7 million pounds of paper and avoid releasing 25 million pounds of greenhouse gases into the environment. That’s quite the impact! PayItGreen Alliance and NACHA study: If a company with 10,000 employees converted from traditional payroll to epayroll, the environmental impact… Read More