As we do each month, we take several of the payroll card requirement categories to compare the legal requirements with the detail into how rapid! PayCard® complies, state by state.
While some mandates governing their use are similar or the same, we take our obligation about adherence and providing information as seriously as we do customer service.
Here’s a look at the current payroll requirements in Texas; a state in which paperless pay is permitted:
- Cash Access
Legal Requirements
The Texas wage payment statutes do not expressly address pay cards.
rapid! PayCard Program
The rapid! PayCard provides numerous ways for employees to access their pay each pay period, including:
- Over the counter bank teller transactions at banks displaying the logo of the applicable payment brand (Visa or MasterCard)
- Electronic transfer to a bank account
- US Post Office Money Order
- ChekToday1 convenience checks
- ATM withdrawals at more than 55,000 locations in the Allpoint ATM surcharge-free network
- Cash back with POS purchases using a PIN
(See your fee schedule for methods of accessing wages, including full net wages, in cash without cost.)
- Employer Costs and Incentives
Legal Requirements
No provision expressly addressing employer costs or incentives in the pay card context.
rapid! PayCard Program
rapid! does not offer cash incentives to employers, or pass employer costs onto their employees.
- Ability to Change Payment Method
Legal Requirements
No express provision that addresses whether employees must be allowed to change the manner in which they receive their wages, but such a requirement could be inferred.
(See federal requirements)
rapid! PayCard Program
Employers that offer the rapid! PayCard are responsible for complying with applicable state and federal requirements regarding an employee’s ability to change payment methods.
- Transaction Histories
Legal Requirements
No express requirement relating to transaction histories on pay card accounts.
(See federal requirements)
rapid! PayCard Program
rapid! makes transaction information available to cardholders online, via the rapid!Access2 mobile application and over the telephone2. Transaction data can be printed from the cardholder website or upon request, rapid! will provide a written transaction history.
- Convenience Checks
Legal Requirements
State law does not authorize the use of convenience checks tied to a pay card account as a replacement for employer-issued paychecks.
rapid! PayCard Program
rapid! offers ChekToday convenience checks which can be used by cardholders to access wages at Wal-Mart stores with Money Centers free of charge. ChekToday also can be used at check cashing facilities or to make other direct payments.
At rapid! PayCard, we not only stringently observe state-specific compliance, we offer the flexibility both employers and employees need to facilitate the payroll process itself.
1This optional offer is not an issuing bank product or service nor does the issuing banks endorse this offer.
2While rapid! PayCard does not charge for this feature and service, standard text messaging, data and cellular rates may apply. Please check with your cell phone carrier and inquire about fees your carrier may associate with these services.
The rapid! PayCard® MasterCard Card is issued by MetaBank®, Member FDIC, pursuant to a license by MasterCard International Incorporated. Prepaid card can be used wherever Debit MasterCard is accepted. MasterCard is a registered trademark of MasterCard International Incorporated.